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Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals, who says the world is bracing for a reset, with a new system potentially revaluing gold to $150,000 an ounce. Schectman breaks down what to expect from the upcoming 16th annual BRICS summit being held in Kazan, Russia, on October 22-24. He explains reports around the new common currency known as the ‘Unit’ and elaborates how Project mBridge fits in. Schectman talks about the future of the U.S. dollar, the accelerating de-dollarization trend, U.S. response, and the inevitability of central bank digital currencies (CBDCs). He also shares his view on gold in this new one-world system that he forecasts.
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You can watch previous interviews with Andy Schectman here:
https://www.youtube.com/watch?v=pjtKeewv7pY
https://www.youtube.com/watch?v=89rrMXU5b8U
https://www.youtube.com/watch?v=FzI0oyxQ218
https://www.youtube.com/watch?v=DOmeHZfI0RA
https://www.youtube.com/watch?v=_rZQrJkyhL0
Follow Michelle Makori on X: @MichelleMakori (https://twitter.com/michellemakori)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)
Follow Andy Schectman on X: @MilesFranklinCo (https://twitter.com/MilesFranklinCo)
#BRICS #gold #currency #centralbanks
00:00 Coming Up
02:08 Introduction: BRICS Summit
04:21 De-dollarization and Gold Accumulation
07:42 Central Bank Gold Repatriation
11:04 Project mBridge and the ‘Unit’
13:46 BRICS Expansion
23:21 Common Currency
41:33 CBDC, Future of Currencies
53:49 US Response
58:25 Fiscal Irresponsibility
59:12 Decline of the Dollar’s Purchasing Power
01:02:58 Global Economic Shifts and BRICS
01:10:05 Role of Gold in a New Economic System
01:13:26 Speculations on Gold Revaluation
01:18:47 Future of the Dollar
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