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Gold investors look to BRICS summit for news on rumored currency

As gold and silver prices surge heavily to start the week, precious metals investors will look to Russia to find potential answers to explain the upward trajectory of prices as the 16th BRICS Summit convenes Tuesday in Kazan, Russia.BRICS is a growing partnership, somewhat like the G7, that has recently expanded to include 10 countries and received interest from many others.Rumors have swirled about the outcome of the meeting, which is taking place in a country currently at war since the Russian invasion of Ukraine in February 2022.Many in...
Currencies

Gold’s Inevitable Ascent in a World of Failing Fiat Currencies

In an era of unprecedented monetary expansion and mounting global debt, the world stands on the precipice of a financial paradigm shift. As central banks continue their relentless money printing spree, the value of fiat currencies is rapidly deteriorating, setting the stage for a historic transformation in the global financial landscape. At the center of this seismic shift is gold, emerging as the ultimate store of value and hedge against economic uncertainty.The Fiat Debacle: A System Doomed to FailBillionaire investor Ray Dalio, founder of the world's largest hedge fund,...
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