HUGE NEWS! China & Russia Is About to Change Gold & Silver Prices FOREVER - Matthew Piepenburg

HUGE NEWS! China & Russia Is About to Change Gold & Silver Prices FOREVER - Matthew Piepenburg

The global financial landscape is undergoing a significant transformation, with efforts to challenge the U.S. dollar's dominance gaining momentum. Key drivers include the rise of the BRICS bloc, increased reliance on gold as a strategic asset, and mounting opposition to the dollar's weaponization.
The U.S. dollar has long dominated global payments and reserve systems, but recent data reveals a decline in its supremacy. In October 2024, the SWIFT payment system reported that the dollar's share of global transactions fell below 50% for the first time in recent memory, dropping to 47%. This signals a tangible shift, driven in part by the de-dollarization agenda championed by BRICS nations. Developing countries are increasingly cutting ties with the dollar, accusing the U.S. of leveraging its currency as a geopolitical tool. This sentiment has only intensified with policy proposals like Donald Trump’s plan for 100% tariffs, which many in the Global South view as exacerbating the dollar's weaponization.
In parallel, central banks worldwide are turning to gold as a trusted reserve asset. China’s central bank, the People’s Bank of China (PBOC), resumed gold purchases in November 2023 after a six-month pause. Notably, the PBOC was the world’s largest official buyer of gold in 2023, reflecting a broader trend among central banks to increase gold reserves. Matthew Piepenburg highlights that BRICS nations are reducing their holdings of U.S. Treasuries and embracing gold, which the Bank for International Settlements (BIS) designated as a tier-one reserve asset in 2023. This shift underscores diminishing confidence in fiat currencies and the dollar-dominated global financial system.
The abandonment of the gold standard in 1971 fundamentally altered global finance. Piepenburg notes that since then, the purchasing power of major fiat currencies, including the dollar, has plummeted by over 98% when measured against gold. This decline reflects not gold’s inherent strength but the corrosive impact of debt and inflation on fiat currencies.
Gold has seen a significant surge in demand over recent years, and for good reason. Renowned for its role as a portfolio diversifier, an inflation hedge, and a safe-haven asset during economic uncertainty, gold has become increasingly attractive to investors. This rising demand has driven gold prices to record highs, surpassing 2,700 dollars by October. While its trajectory remains uncertain for December and beyond, the underlying factors influencing its value remain compelling.
Silver has also gained traction, with rising prices and silver IRAs emerging as a popular alternative among investors considering precious metal IRAs. This dual demand for gold and silver has sparked a debate among investors: which metal better fits their portfolios?
Matthew Piepenburg highlights that gold’s rising value is not driven by increased jewelry demand or its inherent physical qualities. Instead, the weakening purchasing power of fiat currencies—eroded by inflation and unsustainable debt—has bolstered gold’s status as a reliable store of value. Silver, too, benefits from these dynamics, making both metals critical assets during periods of monetary instability.

Follow on X: / moneysense_off

"Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals.

Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips"

We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.

We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!

#gold #goldpriceprediction #matthewpiepenburg