Central Bank Gold Rush and De-Dollarization Continues in 2023.

in #money11 months ago

#dollar #gold #brics #geopolitics

Today we will look at an article from Business Insider where that covers the continued appetite for gold from the emerging market or BRICS bloc countries.

This is happening for economic and geopolitical reasons which I have been warning about on this channel over the years.

A majority of global central banks now expect gold to grow as a reserve asset while views on the US dollar turn dimmer (article): https://markets.businessinsider.com/news/commodities/dedollarization-central-banks-gold-reserve-asset-dollar-dominance-russia-haven-2023-5

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When you just increase, keep raising the debt ceiling and add another 4 trillion that you will never pay back! Corruption is still a big problem in the BRICS nations.