Posted on 07/05/2025 8:07:50 AM PDT by delta7
https://brics.br/en/news/brics-summit-will-be-held-in-rio-de-janeiro-on-july-6-7
BRICS Summit will be held in Rio de Janeiro on July 6-7.
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I don’t expect many major announcements, however, should President Trump further weaponize the USD, the BRICS will ramp up their International settlement system.
Gold is $4340? Not yet, but that day is coming.
Gold is $4340?
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In EU paper currency….or possibly in the Pound as the reknowned author is from England. In any case, PM’s are smashing all the world’s paper currencies.
“The train is leaving the station….the Economic cycle is turning…all aboard!”
Interesting. You are always pushing buying gold but your sponsors are all selling gold ...
A website called “goldmoney” singing the praises of precious metals.
From this AI thingy.
“The U.S. dollar has declined significantly this year, losing over 10% of its value, primarily due to concerns about inflation, rising national debt, and uncertainty surrounding U.S. trade policies.
This decline affects everyday purchases and travel costs, making imported goods more expensive and reducing purchasing power for Americans.
Overview of the U.S. Dollar Decline
The U.S. dollar has experienced a significant decline in value, marking its worst start to a year in over 50 years. As of mid-2025, the dollar has fallen more than 10% against a basket of major foreign currencies.
Reasons for the Decline
Economic Policies and Trade Tensions
Tariff Policies: President Trump’s tariffs have created uncertainty, leading to decreased confidence among global investors.
Rising National Debt: Concerns about increasing U.S. debt levels have contributed to fears of inflation, which can devalue the dollar.
Investor Sentiment: Many investors no longer see the U.S. economy as the best option for growth, leading to a sell-off of dollar-denominated assets.
Interest Rates and Inflation
Rising Interest Rates: Typically, higher interest rates strengthen a currency. However, the dollar’s decline has occurred alongside rising rates, which is unusual and indicates deeper issues.
Inflation Concerns: Fears of inflation eroding purchasing power have led to a lack of confidence in the dollar as a safe haven.
Implications of a Weaker Dollar
For Consumers
Higher Prices: A weaker dollar can lead to increased costs for imported goods, affecting everyday purchases.
Travel Costs: Americans traveling abroad may find their money does not stretch as far due to unfavorable exchange rates.
For Investors
Shift in Investments: Investors are increasingly looking to other currencies and assets, such as gold, as alternatives to the dollar.
Impact on U.S. Financial Markets: A decline in foreign investment in U.S. assets could affect the overall stability of U.S. financial markets.
The ongoing decline of the dollar raises questions about its future as the world’s primary reserve currency and the potential for long-term economic impacts….”
“Gold is $4340? Not yet, but that day is coming.”
Back in the day, delta7 predicted gold would be at $5,000 in 2015.
Almost $7,000 in today’s dollars.
Argue with the numbers, not me. Facts are Facts, PM’s are exploding.
Argue with the numbers, not me. Facts are Facts, PM’s are exploding.
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…and the USD and all paper currencies are making significant declines. Purchasing power is tanking….that said, I do expect a USD rally before resuming its decline.
“Overview of the U.S. Dollar Decline
The U.S. dollar has experienced a significant decline in value,”
Dollar is about where it was in 1979 when the index was created.
Up 35% since 2008!
Bkmk
From this AI thingy.
“ The US Dollar Index has declined by 10.8% in the first half of 2025, marking its worst performance since 1973. This drop is attributed to economic and political concerns, including high tariffs and rising deficits, leading to a sell-off of US assets by global investors.”
It important to note PM’s gains ( in USD’s, you can switch statistics to any other paper currency)
Www.goldprice.org
6 Months. +26.35%
1 Year +39.40%
5 Year +86.63%
Platinum up 45 percent in the last 6 months….wait till the paper and electron people take note.
The sponsors buy gold and sell it, too. They buy it at a discount and sell it at a premium. They’re in the biz.
“The sponsors buy gold and sell it, too. They buy it at a discount and sell it at a premium. They’re in the biz.”
Yep. In the biz of selling!
“5 Year +86.63%”
S&P 500 + 100% plus dividends.
Trump is badmouthing Powell to lower interest rates. If interest rates drop, the dollar will weaken even more and put more upward pressure on gold.
Our mining stocks have performed amazingly well over the past few months. And in the past 3 or 4 years, some of the stock prices have doubled. We keep looking for the sell point, but haven’t seen it yet.
Gold rose to near $3340 per ounce on Friday. A year ago, gold was at $2340 per oz. Six months ago it was at $2640.
Silver prices held firm above $36.80 per ounce on Friday, approaching 13-year highs. A year ago, silver was at around $26.50. Six months ago, at $30.35.
Yes. To sell, they have to buy — keep the merch moving.
I believe that’s a feature.
Trump et-al is steering the US into, as he phrases it, “the Golden Age”. This aligns with the OBBB (hastens the collapse of fiat) and USDebtClock.org.
The US had its own money (Constitution, Coin act of 1792), which has been whittled away, sometimes in big chunks (paper and inflation proponents from Alexander Hamilton, thru the War of 1812, Civil War, Fed Reserve, Nixon closing the gold window).
Can’t know exactly when, but the day is coming nonetheless to return to sound real money.
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