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Peak Prosperity

How BRICS is Driving the Gold Price

Peak Prosperity

Chris Martenson

Government, Investing, Business

4.7591 Ratings

🗓️ 2 November 2024

⏱️ 69 minutes

🧾️ Download transcript

Summary

Gold’s rise to $2,800 is driven by Eastern central bank buying and BRICS’ de-dollarization efforts. This impacts global finance, treasuries, Bitcoin, and geopolitical tensions.

Transcript

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0:00.0

Nothing in this program should be considered investment advice.

0:03.2

It is for educational purposes only.

0:05.3

Please hit pause and read this disclaimer in full.

0:09.9

Not having all your eggs in one jurisdictional basket.

0:14.1

If you were to say this five years ago, when we were saying it five years ago or ten years ago, people would have looked at you like you had two heads.

0:20.8

The following is the audio version of a video released at peak prosperity.com.

0:26.6

Visit peakprosperity.com to watch the video and to find other insightful content such as articles,

0:32.5

discussion forums, and exclusive subscriber-only content.

0:43.3

Thank you. and exclusive subscriber-only content. Hello, everybody, and welcome to this edition of Finance You.

0:46.2

I am your host, Chris Martinson, of Peak Financial Investing.

0:49.0

And today we're going to be discussing gold-hitting $2,800-ounce the BRICS conference.

0:53.5

What's coming out of that? And what is going on

0:56.0

with treasuries and Bitcoin? What are they telling us? I think they're telling us something.

1:00.5

To help us interpret all that is David Russell, CEO of Goldcore. David, good to see you again.

1:05.9

Good to see you, Chris. How are you? Good. So you're joining us from Dublin. Are you in Ireland at the moment?

1:12.0

I am indeed. Yes, Dublin, Ireland. So, well, thank you for taking the time today. Where do we start?

1:18.7

Well, the punchline is gold that just poked its head above 2,800 this morning. It's been relentlessly rising, but that's for reasons. Maybe we could discuss some of those reasons, and we'll discuss gold itself.

1:29.9

Sure.

1:31.0

What's top of mind for you for explaining this?

1:35.4

Ultimately, and last time I was on, last couple of times I was on, we talked about the fact

1:40.0

that this isn't a retail led and rally at all.

1:42.9

We know that.

...

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