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

Summary

The transcript explores the emerging global financial shifts led by BRICS nations, particularly China and Saudi Arabia, challenging Western dominance. It highlights the role of commodity arbitrage, price discrepancies in metals like gold and silver, and the growing influence of China in global commodity markets, including its acquisition of the London Metal Exchange and plans for a new commodity-backed currency. The discussion emphasizes how these nations are methodically undermining Western financial systems, accumulating gold, and moving towards a more transparent, commodity-based financial framework to replace the current debt-driven system.

Takeaways

• 😀 Silver prices are $3 an ounce higher in Shanghai compared to the United States and London, while gold is about $80 higher in Shanghai.
• 😀 Sophisticated traders exploit price discrepancies between markets, buying in London and Chicago and delivering in Shanghai to profit from arbitrage.
• 😀 The BRICS nations are making significant strides towards creating a common settlement currency, with the addition of new countries and a focus on a basket of local currencies and commodities.
• 😀 Saudi Arabia has joined the BRICS, applied to the Shanghai Cooperation Organization, and signed military agreements with Russia, signaling a shift away from U.S. influence.
• 😀 The U.S. is increasingly using its power to sanction and confiscate assets from countries that don't align with its policies, particularly targeting Russia's foreign reserves.
• 😀 Saudi Arabia's growing importance in global trade, especially with China, signals a long-term shift in global alliances and the potential decline of U.S. dollar hegemony.
• 😀 Countries, particularly China, have been accumulating gold, with China doing so for 16 straight months, indicating a focus on commodity-backed currencies.
• 😀 Russia's finance minister confirmed the development of a two-basket currency system, which will include local currencies and commodities, with a focus on transparency in pricing.
• 😀 The West’s speculation-based price determination in commodities is criticized as unjust, with the BRICS aiming to establish a more balanced pricing mechanism for essential resources.
• 😀 The Chinese have invested in and taken control of key commodities exchanges, such as the London Metal Exchange (LME), and are building their own grain exchange to shift control away from Western platforms.

Q & A

What is the significance of the price discrepancy between Shanghai, the United States, and London for silver and gold?

The price discrepancies highlight an opportunity for sophisticated traders to exploit arbitrage. Traders can buy silver and gold in London or Chicago, where the prices are lower, and then deliver them in Shanghai, where the prices are higher, making a profit from the difference.

What was James Rickards' statement about the BRICS and its plans for a new currency?

James Rickards predicted that BRICS countries would introduce a common settlement currency, which would be based on a combination of local currencies and commodities, with potential backing from gold. This new currency system could challenge the US dollar's dominance in global trade.

What is the role of Saudi Arabia in the shifting global financial landscape?

Saudi Arabia's strategic moves, such as joining BRICS and applying to the Shanghai Cooperation Organization, align it with countries looking to challenge Western financial dominance. Additionally, Saudi Arabia's significant role in the Belt and Road Initiative and its military agreements with Russia further solidify its position in the changing global order.

How has the US government’s policy impacted global financial relations, especially with BRICS nations?

The US government's actions, such as imposing sanctions on countries like Russia and confiscating foreign reserves, have led some nations to seek alternatives to the US-dominated financial system. This has accelerated the shift towards BRICS and other non-Western financial alliances, as countries like Saudi Arabia look to diversify their economic ties.

How does the new proposed currency by BRICS differ from the current Western financial system?

BRICS' proposed currency would be based on a combination of local currencies and commodities, providing a more transparent and balanced system for pricing commodities. This stands in contrast to the Western financial system, which is criticized for being controlled by speculative futures markets and manipulative pricing mechanisms.

What is the role of gold in the emerging BRICS financial system?

Gold is seen as a Tier 1 asset and is expected to play a crucial role in the new BRICS currency system. Countries, especially China, have been accumulating gold to support this new financial system and challenge the Western control over commodity pricing.

What is the significance of the Shanghai Gold Exchange in the new global financial system?

The Shanghai Gold Exchange is becoming a key player in commodity pricing, particularly for precious metals like gold. It is part of a broader effort by BRICS nations to create an alternative pricing mechanism that reduces reliance on Western-dominated exchanges like COMEX and LBMA.

How are BRICS countries methodically accumulating commodities like gold, silver, and agricultural products?

BRICS countries, particularly China, are strategically accumulating gold, silver, and agricultural products by bypassing Western exchanges and leveraging lower commodity prices. They are also making trade agreements with countries like Brazil to secure these resources and pay in currencies such as yuan, which is convertible into gold on the Shanghai Gold Exchange.

What role does the new Moscow Metals Exchange and other regional exchanges play in the emerging global financial system?

The Moscow Metals Exchange, along with other regional exchanges in Shanghai and Dubai, is expected to become central hubs for commodity pricing. This shift will challenge the current dominance of Western exchanges like COMEX and the LME, offering a more localized and commodity-backed pricing system.

How does the manipulation of commodity prices in the West contribute to the BRICS strategy?

The manipulation of commodity prices in Western markets, such as the futures market in COMEX, is seen as a key factor in BRICS' strategy to challenge the West. By taking advantage of suppressed prices, BRICS countries can accumulate large quantities of key commodities, positioning themselves to reshape the global pricing mechanisms in their favor.