Gold-backed BRICS currency not on agenda for now; de-dollarization will accelerate as bloc expands

Lobo Tiggre, Editor of The Independent Speculator, joins Kitco News Lead Anchor and Editor-in-Chief Michelle Makori to discuss the prospects for a gold-backed BRICS currency and its potential impact on the U.S. dollar. They also discuss the possible timing of a Fed pivot, the impact of Saudi Arabia and Turkey joining BRICS, and near-term risks for gold and the U.S. economy. 🔥𝗣𝗿𝗶𝗺𝗲 𝗫𝗕𝗧 - Sign Up for a new Trading Account on Prime XBT! 👉 - Receive a deposit bonus of up to $7,000 with promo code: BONUS7K Follow Michelle Makori on Twitter: @MichelleMakori () Follow Kitco News on Twitter: @KitcoNewsNOW () Follow Lobo Tiggre on Twitter: @duediligenceguy () 0:00 - Gold-backed BRICS currency reports 3:26 - Mixed messages from BRICS members 5:50 - Gold backing makes sense 8:08 - India is the roadblock to BRICS currency 12:50 - Reasons why BRICS currency isn’t happening 16:30 - USD weaponization makes it more likely 17:31 - Gold price non-reaction to BRICS news 25:24 - Serious headwinds for gold 28:59 - Growing interest in joining BRICS 31:49 - Saudi Arabia in BRICS ends petrodollar 33:44 - Turkey would be big for BRICS 35:27 - Near-term bearish on gold 41:24 - Fed pivot calculations 46:38 - Invest in uranium today 49:57 - BlackRock and ESG #gold #federalreserve #brics __________________________________________________________________ Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news. SUBSCRIBE to our channel to stay up to date on the latest market and industry news. For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at To get market updates on the go, download the Kitco Gold Live! APP - Stay connected: Twitter - Instagram - Facebook - LinkedIn - StockTwits - Live gold price and chart: Live silver price and chart: Live crypto market data: Learn more about Kitco News: For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.