Huge! China & Russia's LATEST BOMBSHELL Will Change Gold & Silver Prices FOREVER - Alasdair Macleod

Huge! China & Russia's LATEST BOMBSHELL Will Change Gold & Silver Prices FOREVER - Alasdair Macleod

In response to Western economic pressure, Russia has turned to gold to support the economy, evade sanctions, and bolster its international trade, according to a new report from RAND Europe.
In particular, the People’s Bank of China has raised the share of gold in its reserves from 1.8 percent in 2015 to a record 4.9 percent at present. At the same time, it has cut its holding of US Treasuries from $1.3 trillion in the early 2010s to $780 billion in June 2024.
Alasdair Macleod proposed that Russia and China are exploring a practical shift toward a gold-backed trade settlement currency. He explains that both nations see the benefits of linking their currencies to gold, especially in response to rising US geopolitical pressures.
According to him, the US is facing a growing debt crisis, with central banks like China and Japan now selling US Treasury debt. As foreign central banks dump dollars and euros in favour of gold, Macleod interpreted this as a clear sign that they are preparing for the potential collapse of the dollar-based currency system. The IMF latest COFER report shows that in the first quarter of 2024, the share of US dollar sits at 6.77 trillion dollars or 54.8 percent of the total official foreign exchange reserves of 12.35 trillion dollars, or 58.9 percent of allocated FX reserves where currency breakdowns having been reported to the IMF. This is a noticeable fall from the 71 percent share for US dollar in 2001. It is important to note that the share of US dollar would be lower if gold were included in global reserves.
However, Macleod emphasizes the critical nature of the upcoming BRICS meeting in Kazan, where Russia and China might act to safeguard their currencies from a looming fiat collapse.
During the interview, Alasdair Macleod warned of the dangers of a potential fiat currency collapse, focusing on the loss of purchasing power. He explained that such a collapse typically begins with foreign holders of a currency bailing out, which is already happening as China and Japan sell US Treasuries and the dollar. Foreign holdings of US Treasuries rose to a record high in July, while Japan’s US government bond assets fell to the lowest since October, data from the Treasury Department showed on Wednesday.
Japan’s Treasuries holdings decreased to 1.116 trillion dollars from 1.118 trillion dollars the previous month. Japan remains the largest foreign holder of US treasury securities. China, which is No. 2, cut its holdings to 776.5 billion dollars from 780.2 billion dollars in June.
However, he also emphasizes the US government’s ballooning deficit and the likelihood of further currency devaluation through money printing, eventually leading to a wider recognition that it’s the dollar losing value, not prices rising. Citing Austrian economist Ludwig von Mises, Macleod predicted that once this realization takes hold among the public, it will mark the final stage of the currency’s decline.

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[LeighHetherington-xw]

Agree. Very likely we r headed for a decade long bear market in all western assets. It will be a period of geopolitical n currency changes. Within US this is the chance to do the long-needed economic n social n government reforms. If we succeed, US will be on a long-term sustainable growth path in a decade. But we must take the pain 1st n do the adjustments. From investing pov, sell all US, european equities n bonds. Go long Gold and Crypto. Go long emerging market I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Adriana Jensen whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[haroldicks]

Clown Buck = King Rat of Fiat Currencies

[andersoncage]

Right now Bitcoin has alot of opportunities, much more than gold I would say bitcoin is the new generational gold

[joyoviedo]

china is also beligerant in the pacific with all the asian countries as well as with the us