Nomi Prins, who has given keynote speeches to the World Bank, IMF, Federal Reserve, and many other prominent institutions, told King World News that China and Russia are going to use their massive gold hoards to form a new currency in the East that will challenge the US dollar.
November 5 (King World News) – Eric King: “Nomi, you brought up de-dollarization and the efforts there by the East to form a new currency. Will that be centered around gold to some degree? There’s talk of China having 20,000 tonnes of gold and Russia maybe even 12,000 tonnes of gold. Are those number accurate? And if so, is the situation, ‘He who has the gold makes the rules?’”
Nomi Prins: “They have been stockpiling gold, the Chinese, the Russians, and the central banks of these BRIC countries and their alliances. And I think a lot of that is to at least have gold be a part of the new currency. To have a real hard asset base to their (new) currency…to continue listening to Nomi Prins discuss what this means for the US dollar and the gold market going forward as well as what else investors should be aware of in global markets as we near the end of 2022 CLICK HERE OR ON THE IMAGE BELOW.
***To listen to Alasdair Macleod discuss the massive gold and silver deliveries from COMEX as well as the short squeeze in the metals markets CLICK HERE OR ON THE IMAGE BELOW.
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