Monday, December 11, 2017

The Coming Russia-China Gold Alliance

This is big.

The BRICS counties are considering starting an internal gold trading platform, according to Russian officials, reports RT.

"We have to put the BRICS initiative into a broader context. It is just part of a geopolitical tectonic shift which started decades ago. We have seen a constant outflow of physical gold from the West to the East. At the same time, the West has lost the economic war, and as a consequence, the focus now turns to the financial system. China dominates the world economy and has displaced the US as the world’s most formidable economic powerhouse,”  Claudio Grass, of Precious Metal Advisory Switzerland. told RT.

The creation of a new gold standard by BRICS is also a step to end the US dollar’s domination of the global economy

“As Bejing and Moscow understand that America used the dollar to control the world, by implementing a new kind of ‘Gold standard 2.0’ they want to distance themselves from this control.," said Grass.


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