📺 Beyond Dollar: Gold's Global Rise

From Macro EDGE Roundup recorded on 03/28/2024

In this short clip from Macro EDGE Roundup recorded on 03/28/2024 (available to EDGE members), Craig Shapiro and I discuss the relationship between gold, global trade, and currency dynamics, highlighting gold's resurgence as a significant asset in international trade, particularly with countries like China, India, and members of the BRICS alliance moving away from US treasuries in favor of gold.

We delve into the geopolitical and economic implications of these shifts, including the impact on the US dollar's status and treasury market.

The conversation also touches on recent trends in the trading and valuation of gold against various currencies, suggesting a broader move towards gold as a neutral reserve asset and discussing the strategic financial maneuvers by countries in response to these changes.

📺 In this episode:
00:00 Introduction
01:01 Factors Benefiting Gold
02:06 Breakdown In Correlation Between Real Yields And Gold
03:10 Gold Pricing In Various Currencies
04:21 BRICS Influence On Gold And Oil Prices
06:10 The Shift In Perception Of Gold As A Reserve Asset
07:18 US Strategic Interests And Pricing Energy Away From Dollars
08:16 Analysis Of Dollar Hegemony And Global Economic Shifts
09:06 Shift In Perception Of Dollar's Role
09:59 Investment Strategies In Gold And Oil

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