📺 Gold, Geopolitics, & The Role Of Bitcoin
📺 Gold, Geopolitics, & The Role Of Bitcoin
From Macro EDGE Roundup recorded on 03/07/2024
In this short clip from Macro EDGE Roundup recorded on 03/07/2024 (available to EDGE members), Craig Shapiro and I discuss the dynamics of gold as an investment, its role in the global economy, and its implications for international trade and currency systems.
We delve into the shift of gold reserves to the East, with countries like China and India establishing a non-dollar commodity trading system, and the potential impact of this shift on the US fiscal situation and the global power balance.
Our conversation also touches on the use of gold to settle excess reserves, moving away from US dollars, and the broader geopolitical and economic ramifications, including the potential for alternative currency systems among BRICS nations and Bitcoin as one of them.
📺 In this episode:
00:00 Introduction
00:57 Gold Trade Dynamics and International Relations
02:25 NATO Membership Expansions and Global Financial Security
03:43 Gold Market Trends and Federal Reserve Policies
04:27 Analysis Of Gold Reserves and Currency Exchange Rates
05:14 Gold Prices and The Global Power Struggle
06:06 China's Commodity Trading Strategy
07:12 Impact On The Dollar and US Treasury Market
08:12 China's Position In The Economic Power Game
09:15 Bitcoin As An Alternative Asset
10:14 Institutional Support For Bitcoin
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