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Commodity Insights (Videos): Gold-backed BRICS Settlement Currency | Radically Different Crisis | Massive Shortage Ahead | Bullion Banks Desperate

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This compilation of financial insights includes videos from Arcadia Economics, David Lin, and Liberty and Finance.

Over the past three months, there has been a significant increase in the prices of gold and silver. This has led to extensive discussions regarding the amount of gold that China and central banks have been purchasing. However, amidst all the attention, Pepe Escobar has reported that the BRICS nations have been quietly working on a project to establish a settlement payment currency specifically for the BRICS group. This development is currently under official examination by the BRICS Business Council and could potentially be implemented as early as 2025. Interestingly, this aligns with recent statements made by Jeff Currie, the former commodity chief at Goldman Sachs, regarding the ongoing developments in the oil, gold, and commodity markets. In today’s episode of Arcadia Economics, Andy Schectman further discusses this news and shares his insights on the matter.

In a conversation with David Lin, Jeff Christian, the Managing Director of the CPM Group, provides insights into his revised predictions for gold, silver, and base metals. Additionally, he sheds light on the present direction of inflation in the United States.

During the conversation with David Lin, Jason Bontempo, the Chief Executive Officer of Gladiator Metals, delved into the recent surge in copper prices, reaching unprecedented levels. He also shed light on the underlying demand-supply dynamics that could further propel the price upwards.

According to Andy Schectman from Miles Franklin in an interview with Liberty and Finance, there is a potential for a significant ‘silver squeeze’ as global silver inventories continue to diminish. This trend is even evident in Shanghai, where metal supplies are also decreasing. Notably, the major bullion banks in the western world are now participating in the Shanghai exchange. This development raises the question of whether this is an indication of a final, desperate effort to lower silver prices. Andy Schectman further explores this topic in his discussion.

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Arcadia Economics
Premiered May 28, 2024

While gold and silver prices have rallied over the past 3 months there’s been a lot of coverage about how much gold China and the central banks have been buying.

But quietly in the background, it’s now being reported by Pepe Escobar that the BRICS have been moving forward a project to create a BRICS settlement payment currency. That Escobar says is now being officially examined by the BRICS Business Council and could be adopted potentially as early as 2025.

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Interestingly, it fits with recent comments by former Goldman Sachs commodity chief Jeff Currie about what’s happening in the oil, gold, and commodity markets, and in today’s show Andy Schectman talks about the news and what he’s hearing as well.

https://www.youtube.com/watch?v=lkrVB7uE7FQ

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David Lin
May 28, 2024

Jeff Christian, Managing Director of the CPM Group, discusses his updated forecasts for gold, silver, and base metals, as well as the current trajectory of inflation in the U.S.

*This video was recorded on May 28, 2024

https://www.youtube.com/watch?v=ApwNi_z7Ivw

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David Lin
May 28, 2024

Jason Bontempo, CEO of Gladiator Metals (TSXV: GLAD; OTCQB: GDTRF), discusses the recent copper price move to new all-time highs, and the demand-supply fundamentals that would push the price even higher.

*This video was recorded on May 23, 2024 and is sponsored by Gladiator Metals.

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https://www.youtube.com/watch?v=I98DFqMzr0Y

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Liberty and Finance
Premiered May 28, 2024

“We have the making of what could be a giant ‘silver squeeze,'” says Andy Schectman of Miles Franklin. Global inventories of silver has been disappearing. Even on Shanghai, metals supplies are decreasing. The largest bullion banks in the western world are now showing up at the Shanghai exchange. Could this signal a last desperate attempt to bring prices down? Andy Schectman discusses.

https://www.youtube.com/watch?v=b9U26igvzDw

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