Gold Telegraph:
This week we have seen the following:
1. Saudi Arabia agreed to join the Shanghai Cooperation Organization as a dialogue partner
2. China and Brazil made a deal to ditch the dollar for trade
3. China and France completed the first LNG trade settled in yuan.
4. ASEAN nations consider dropping the U.S. dollar, euro, yen, and British pound from financial transactions.
5. We learned that the BRICS reserve currency could be potentially backed by gold and other commodities, such as rare-earth elements.
This has all happened within seven days.
Add the same time, the world is beginning to grasp that the BRICS bloc is going to expand in a big way shortly.
People act surprised about Saudi Arabia working closely with China. There have been many signposts, including in 2021 when Saudi Aramco that China’s energy security would be its HIGHEST priority for the next 50 years.
At the beginning of the year, the world was shocked to learn that Saudi Arabia was willing to engage in discussions regarding trade conducted in currencies beyond the confines of the U.S. dollar.
Buy the ticket, and take the ride.
