RE: Gold news, more good news7 Feb 2025 09:43
JB, all the Brics countries are convinced that the present fiat financial system will collapse and be replaced with one that is physically gold based. The reason for the collapse is that the current government bonds do not have the physical amounts of money to secure them or the federal gold reserve does not hold anywhere near the physical amount of gold they claim to have hence why it is vulnerable.
The brics countries are buying up all the physical gold they can get their hands on and like china are encouraging their population to do the same.
This is why the gold price is on a record breaking run that shows no sign off slowing.