The insatiable demand for gold from central banks as they diversify away from the U.S. dollar and the growing influence of BRICS nations to compete against the greenback’s role as the world’s reserve currency are bringing new significance to a momentous anniversary.
In a recent interview with Kitco News, Willem Middelkoop, creator and chief investment officer of Commodity Discovery Fund, said that there is a growing distrust in the U.S. dollar and U.S. debt and he believes gold is poised to be the biggest beneficiary of the current de-dollarization trend. Willem Middelkoop: “It takes decades to build a new system, but I think we can say that the BRICS conference later this month in Johannesburg is the start of Bretton Woods 3.0.”
The full article about the BRICS conference, the gold standard and Willem Middelkoop's views on it is available at Kitco NEWS.
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