BRICS Master Plan For GOLD & SILVER Leaked! - Andy Schectman

Summary

The speaker discusses the shifting global financial landscape, focusing on the growing influence of BRICS nations, particularly China and Saudi Arabia. They highlight how these nations are strategically accumulating commodities like gold and silver, moving away from the US dollar, and creating new financial systems to challenge Western market dominance. With emerging platforms like the Shanghai Gold Exchange and the BRICS Grain Exchange, the speaker predicts a move toward commodity-backed currencies and a more transparent, decentralized financial system. The emphasis is on the potential collapse of Western financial mechanisms, with China and Saudi Arabia leading the charge in this gradual shift.

Takeaways

• 😀 Silver is priced $3 an ounce higher in Shanghai compared to the U.S. and London, while gold is $80 higher in Shanghai.
• 😀 Sophisticated traders are capitalizing on pricing differences between markets, buying in London and Chicago, then delivering in Shanghai.
• 😀 BRICS is expanding with 35 countries formally applying, signaling a shift in global economic power, and Saudi Arabia is a key player in this shift.
• 😀 Saudi Arabia's actions, including joining BRICS and applying for the Shanghai Cooperation Organization, indicate a move away from the U.S. dollar dominance.
• 😀 The U.S.'s recent actions, like weaponizing the dollar and attempting to confiscate Russian reserves, push countries to diversify away from the U.S. financial system.
• 😀 Saudi Arabia's relationship with the U.S., which traditionally upheld the dollar's hegemony, is being redefined as it strengthens ties with China and BRICS.
• 😀 Countries like China have been accumulating gold consistently for 16 months, signaling the growing importance of gold in the global economy.
• 😀 The BRICS alliance is planning to introduce a new digital currency based on a basket of local currencies and commodities, which could challenge the U.S. dollar’s supremacy.
• 😀 China is expanding its control over commodity markets, including buying the London Metal Exchange and setting up its own grain exchange, further diminishing Western financial dominance.
• 😀 A key part of the new BRICS currency system is controlling commodity prices directly, removing reliance on Western exchanges like COMEX and LBMA, which have been accused of price manipulation.

Q & A

What is the current price discrepancy between silver in Shanghai and other major markets?

Silver is priced $3 higher per ounce in Shanghai compared to the United States and London.

Why are sophisticated traders leveraging the price difference in silver between markets?

Traders buy silver in markets like London and Chicago, then deliver it to Shanghai to take advantage of the price difference, profiting from the arbitrage.

What role does Saudi Arabia play in the global financial landscape according to the script?

Saudi Arabia is crucial in maintaining dollar hegemony due to its strategic military alliances with the U.S. and its role in the oil market, but is now shifting towards closer relations with China and the BRICS countries.

How has Saudi Arabia's relationship with China impacted global trade?

Saudi Arabia has declared China its most important trading partner, signaling a pivot away from the U.S., and has joined BRICS, which further aligns it with China’s financial and military initiatives.

What is the significance of BRICS countries accumulating gold, as mentioned in the script?

BRICS countries, particularly China, have been accumulating gold for 16 consecutive months, signaling a shift towards a gold-backed system, challenging the dollar's dominance.

What is the 'common settlement currency' mentioned by James Rickards?

The common settlement currency refers to a proposed new currency that will be backed by a basket of local currencies and commodities, aimed at reducing dependence on the U.S. dollar.

How does the new BRICS currency plan differ from the Western financial system?

The BRICS plan involves a currency backed by both local currencies and commodities, designed to operate outside the Western-controlled financial systems, which are criticized for speculative pricing and lack of transparency.

What was the reaction to the BRICS meeting in Johannesburg in August last year?

Initially, many analysts saw the meeting as inconsequential, but it was later revealed that the BRICS nations were indeed preparing to introduce a new currency system, which is now gaining traction.

How is the COMEX and LBMA criticized in the script?

The COMEX and LBMA are criticized for controlling commodity prices through speculative futures markets, which distorts the real supply and demand for commodities like gold and silver.

What are the emerging financial hubs for commodity trading mentioned in the script?

The emerging financial hubs for commodity trading include Moscow, Shanghai, and Dubai, which are expected to play a central role in setting global commodity prices, replacing Western exchanges.