Craig Hemke, Editor of TF Metals Report, joins me for a bigger-picture discussion on the role of gold in one’s diversified portfolio as counter-measure to economic and geopolitical tensions, and the ongoing devaluation of global fiat currencies over time. We start off discussing the upcoming BRICS nations summit next week in Russia, their evolving strategies on global trade alliances, the slow process of de-dollarization, and their potential to develop some kind of SDR-like trading unit that may have a significant backstopping of gold along with other fiat currencies. We delve into if this could help explain the divergence in central bank buying in many BRICS nations and new additions to the group, versus some of the western nation’s central banks.
Next we pivoted over to the macroeconomic factors that are evolving on the horizon, with regards to central banks loosening policies, increased fiscal spending, rising debt burdens in western nations, the potential for recession, ongoing effects of inflation, and the possible trade and market implications for the upcoming US elections next month. All of these risk factors have Craig comfortable continuing to hold and stack gold as a longer-term store of value to shelter his portfolio from the coming storm.
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