Gold-backed BRICS currency not on agenda for now; de-dollarization will accelerate as bloc expands

Lobo Tiggre, Editor of The Independent Speculator, joins Kitco News Lead Anchor and Editor-in-Chief Michelle Makori to discuss the prospects for a gold-backed BRICS currency and its potential impact on the U.S. dollar. They also discuss the possible timing of a Fed pivot, the impact of Saudi Arabia and Turkey joining BRICS, and near-term risks for gold and the U.S. economy.

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0:00 – Gold-backed BRICS currency reports
3:26 – Mixed messages from BRICS members
5:50 – Gold backing makes sense
8:08 – India is the roadblock to BRICS currency
12:50 – Reasons why BRICS currency isn’t happening
16:30 – USD weaponization makes it more likely
17:31 – Gold price non-reaction to BRICS news
25:24 – Serious headwinds for gold
28:59 – Growing interest in joining BRICS
31:49 – Saudi Arabia in BRICS ends petrodollar
33:44 – Turkey would be big for BRICS
35:27 – Near-term bearish on gold
41:24 – Fed pivot calculations
46:38 – Invest in uranium today
49:57 – BlackRock and ESG

#gold #federalreserve #brics
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