Home News Gold’s Rise, Central Banks, & BRICS Influence – Chris Powell

Gold’s Rise, Central Banks, & BRICS Influence – Chris Powell

October 31, 2024

Today, Craig Hemke is joined by Chris Powell, to review October and discuss what’s ahead for the final quarter of 2024. Topics they’ll cover:

1. Central Bank Gold Buying: Central banks are now major gold buyers, setting a price floor and preparing for possible dollar devaluation through coordinated, stable increases in gold prices.

2. Global Dollar Shift: Nations are increasingly moving away from the dollar, with BRICS exploring gold-backed trade, which strengthens gold’s role as a global asset.

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