The urgency of turning to certified gold investments got kicked up another notch last month when BRICS told the buck to hit the bricks.
Posted by Adam King on May 11, 2011
Only investments in certified gold will seamlessly translate to the new global standard.
May 11, 2011 – The urgency of turning to certified gold investments got kicked up another notch last month when BRICS told the buck to hit the bricks. BRICS is the acronym for another major bloc that is ditching the dollar, short for Brazil, Russia, India, China and South Africa.
Together those countries account for 42 percent of the world’s population, almost 20 percent of global GDP and climbing, and more than 40 percent of the world’s currency reserves, Daniel Zurbrügg said in Personal Liberty Digest. That’s one powerful force, one that will dominate global economics within the first half of this century. It is particularly significant that their “meetings take place without any representation or influence from the U.S. or Europe.”
Concerned that the condition of the U.S. economy poses significant risk for BRICS nations, which hold vast dollar reserves and do considerable trade in dollars, they “are now calling for a new global currency system to be established with a broader range of currencies involved in order to provide the necessary stability,” Zurbrügg says. “After being the world’s main reserve currency for many decades, the game is finally changing, and it has far-reaching consequences for the world and your investment strategy.”
If your investment strategy doesn’t include an unusually strong position in certified gold, your wealth is extremely vulnerable to what has become a rapidly accelerating end to the dollar’s dominance in the global currency system. “It remains to be seen whether there is going to be a smooth transition to a new global currency regime or an outright collapse of the current system,” Zurbrügg says. The Fed’s continued arrogant disregard for the rest of the global community is an unambiguous call for the latter.
Fortunately, regardless of what emerges as the new global reserve currency, its value will still be measured by the price of gold. And it is quite likely that gold will play an important role in stabilizing the new basis of trade.
No matter how the transition plays out, dollar-based wealth will wither while investments in certified gold will seamlessly translate to the new global standard.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market
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