Mining Sector Ideas

[gfp927z]

Bigworld, >> Central Bank purchases of Gold <<

Yes, it seems increasingly obvious that gold is the place to be, with silver following along for the ride. Countries are de-dollarizing their trade and central bank reserves, and buying gold instead of US Treasuries. BRICS is expanding fast, with their new gold-linked currency which should be a formidable competitor to the US dollar. Rickards says the key to the BRICS currency rollout is having a large enough number of countries using it, so BRICS expansion will be accelerating.

All this should be good for gold. Countries will have the choice between the gold-linked BRICS currency, and the unbacked / fiat US dollar (backed by Bitcoin? lol), issued by a country (US) heading for a debt bomb unravelling in a few years. The US will try to sabotage the new BRICS currency, but Trump's punitive tariff approach may just push our current allies into the arms of BRICS faster. The tariff approach seems like a big strategic mistake on numerous levels -


1) Accelerates the US debt bomb (by raising inflation and keeping % rates high)

2) Accelerates BRICS expansion (remaining allies flee the US orbit in favor of BRICS)

3) Risks putting the US / world into recession, ala Smoot Hawley 1930. So --> Stagflation -- high inflation / recession

4) The potential benefits of tariffs (re-industrializing the US) will take too long. The US doesn't have the luxury of time due to the debt bomb unraveling in ~ 3-5 years.




>>> Central Banks Back Up the Bullion Trucks <<<


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