The BRICS game plan to promote local currencies in local trade includes gold. Ted Dixon outlines the BRICS strategy to Jim Goddard which leads to the question of whether their embrace of gold could force the Trump administration to put some of America's gold reserves to work.
While the interview took place before the November 5th election, the prospect of a Trump administration was front and centre with some prescient takes on how the global monetary system could evolve in the months and years head.
The discussion draws on the October INK Research Top 20 Mining and Crypto Equities Report.
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Chapters
00:00 Intro and BRICS roadmap to promote local currencies in trade
01:42 Two big BRICS goals
03:08 BRICS Business Council takes the lead
04:57 Encouraging BRICS country to interact with each other
07:14 Invigorating the use of local currencies and the UNIT
10:20 Washington is starting to pay attention
13:35 Is it time for Canada to boost its gold reserves?
15:22 Brazil chill?
16:57 The race for global gold supremacy
18:20 Trump tariff policy disruption
21:16 The end of the Nixon era
22:56 Trump victory volatility for gold
24:24 Oil patch insiders buy the dip
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