Silver Goes Higher Regardless if BRICS & Friends Conspire
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SUBSCRIBE to Our Channel: https://www.youtube.com/c/sdbullion?s... This week, leaders in nations such as Saudi Arabia, Argentina, Indonesia, Iran, Kazakhstan, and over ten other additional nations intend to join the BRICS. BRICS is, of course, Brazil, Russia, India, China, and South Africa.
This new trading bloc would have over half of the world's population, 60%+ global gas reserves and 45%+ of global oil reserves, and often half or more of most raw physical global commodity market demand. Not taking this ongoing trend towards a more shared multipolar world order seriously would be a mistake for long-term investors, especially in the Western world.
More developed G7 nations that, include Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, should take note.
Over the last three decades, just the five BRICS nations alone have surpassed the formerly dominant developed G7 nations in total GDP or Gross Domestic Product economic output.
Bloomberg had the following Gold-related commentary on this week's BRICS meetings.
That is all for this week's SD Bullion Market Update.
Keep taking advantage of recent spot price weakness, and as always.
Take great care of yourselves and those you love.
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Central Banks Will be Buying More GOLD BULLION:
www.morningstar.com/news/dow-jones/202305301806/central-banks-look-to-increase-gold-reserves-as-geopolitical-worries-mount
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