Many BRICS Citizens Are Already on Their Own Gold Standard

Win 500 Silver Eagle Coins, enter here: SUBSCRIBE to Our Channel: More official denials of a rumored BRICS trade settlement currency agreement were published this week. Reuters had this headline, which seems a misdirection, but see what you think. The article is entitled, “BRICS currency not on August summit agenda, South African official says.“ BRICS currency not on August summit agenda, South African official says: BRICS ’wall’ mounts resistance to dollar Lots of bullion-related headlines and data this week confirming a few things we knew and a few other details we did not. Nowhere in these articles is there a mention that the BRICS, with perhaps ongoing help from the Bank for International Settlements, is likely headed into a new world trade settlement order, where the bilateral balance of trade between nations can and will likely occur increasingly in time without fiat US dollars as an intermediary. Instead of using their respective currencies to settle, be it through oncoming m-CBDC systems or other trade settlement agreements BRICS and BRICS associated may implement in the future. The monetary precious metals spot price markets in fiat US dollar terms traded in mixed but still somewhat bullish fashion this week. The spot silver price rallied through the week only to get capped Wednesday going into Thursday, finishing this week just below $25 oz in fiat US dollars. The spot gold price closed slightly up above $1960 oz bid, as it too sold off yesterday following a near $2,000 oz reaching rally late Wednesday into Thursday overnight. The spot gold-silver ratio finished just below 80 for the week. That will be all for this week’s SD Bullion Market Update. As always, to you out there. Take great care of yourselves and those you love. -- Royalty-Free Music used ’Effervescence’ by Scott Buckley - released under CC-BY 4.0.