Skip to main content
BoomMag: Readers and Fans
Advertise With Us

WLT Report WLT Report

Advertise With Us
We may receive compensation from affiliate partners for some links on this site. Read our full Disclosure here.

BRICS Summit Kicks Off With Welcome To “Record Gold Prices”

An expanding group of nations are backing a new form of money aimed at disrupting the Western status quo and dethroning the U.S. dollar as the world’s reserve currency.

At a meeting this week, representatives from these BRICS nations met to discuss their strategy at a summit that coincided with an all-time record-high price for gold.

CNBC provided an update from the meeting:

Russia is rolling out the red carpet to its geopolitical allies as it hosts the latest BRICS summit on Tuesday, pushing its agenda to create a “new world order” that challenges the West.

The group was initially comprised of Brazil, Russia, India and China before South Africa joined in 2010, giving the organization of rapidly economically-developing nations its current name. It has since morphed into a geopolitical forum for the world’s most powerful nations outside of the West.

The BRICS now have additional clout after Egypt, Ethiopia, Iran and the United Arab Emirates joined the group in January, with membership to the bloc becoming an attractive prospect for countries looking to boost trade, investment and economic development.

Russia has been trying to woo what’s collectively known as the “Global South” — or economically-developing countries in Asia, Africa, the Middle East and Latin America — and contrast to the “Global North” of industrialized nations, traditionally led by the U.S.

Russian President Vladimir Putin frequently comments on his ambition to establish what he calls a “new world order” to rival and usurp the geopolitical and economic pre-eminence enjoyed by the U.S.-led West.

That “new world order” involves a gold-back currency that could become an existential threat to the U.S. dollar and, as nations around the world invest in gold as a hedge, the precious metal’s price continues to soar.

Breitbart also covered the BRICS summit:

BRICS member countries have described addressing the dozens of countries seeking to join the coalition as a top priority for this year’s summit, as well as establishing an independent financial mechanism for international trade that divorces member countries from the use of the U.S. dollar. Several BRICS member states – most prominently, host Russia – face severe Western sanctions for their systematic human rights abuses that have complicated the use of the dollar in trade. Russia was banned from using the international SWIFT payment system in 2022 in response to its ongoing invasion of Ukraine, placing urgency on the BRICS plan to create a sanctions-proof alternative to SWIFT.

The Russian outlet Sputnik detailed on Monday that this year’s BRICS summit will feature two parts, one for members and one for members and invited guests. The first half of the summit, the outlet claimed, is called “Strengthening Multilateralism for Equitable Global Development and Security.” The second, with the expanded guest list, is called “BRICS and the Global South – Jointly Building a Better World.”

“Participants are expected to discuss the creation of a BRICS digital payment platform, BRICS Bridge, and ways to increase trade in national currencies,” Sputnik detailed.

Here’s some additional coverage of the summit:

RELATED REPORT:

New BRICS Currency Value: $55 Per One BRIC?

New BRICS Currency Value: $55 Per One BRIC?

For the past several months I've been covering a story that is very BAD news for the USA and the US Dollar.

The Legacy Media doesn't want you to know about it, but I'd rather you got the FACTS and then let you make decisions on your own after that.

Sound fair?

Here's one of my recent reports:

DeDollarization Accelerating: BRICS Nations Launch Payment Network — USD Crash Incoming?

And now that this is accelerating so fast, I want you to see this....

Where does it all land?

What does the "new Financial system" look like?

Read this:

New BRICS Currency -- $55 Per One BRIC?

Heads up folks...

We've been covering this story for a long time and it looks like it's about to launch very soon.

And the results could be devastating.

Depends on your perspective I guess, because GOLD very well could soar!

Allow me to explain.

We've been telling you about the coming BRICS currency that will directly challenge the US Dollar as the world reserve currency.

That's bad...very bad.

Reports are now saying the BRICS currency will be backed by GOLD.

Remember when we took the US Dollar off the gold standard?

Foolish.

And it looks like those chickens are coming home to roost.

EXACTLY like Bo Polny has been telling us each time he comes on my show.

But now let's dig into the details (and be sure to read to the end where I tell you what YOU can do to protect yourself -- you are not a victim or a bystander here, you can take action! More on that below)

Here is Jim Rickards explaining how the BRIC will likely be priced:

And here is another one that claims the BRIC will be valued at $55 USD / one BRIC.

Oh my, that is very bad for the US Dollar.

You have to watch this:

In case you feel a little lost right now, you need to read my prior report which gives you all the backup for how we got here.

And towards the end is what YOU can do right now to protect yourself.

KEEP READING and I'm going to tell you what you can do about it to protect yourself....

More on that in just a minute.

The biggest shock to the international monetary system since 1971:

A lot more in here:

https://www.youtube.com/watch?v=WuJojYDyNRQ

[censored by YouTube]

Ok, so now for everyone asking me what can we do about it, here are my thoughts.

First of all, it's NOT too late!

That's the first thing you need to understand.

It's not too late but you need to move quickly.

You CAN protect yourself.

I'm not a financial advisor, but I always say one thing...

Don't listen to what they TELL you to do.

(That's the misdirection)

Just like a magician trying to keep you distracted while he hides the ball in his other hand, the Federal Reserve and all the so-called "experts" will almost always TELL you the opposite of what is sound advice.

But you should always watch what they themselves are actually doing....

So what are they doing?

Simple: buying GOLD.

Just like I've been telling you for the last 6 months!

Does it all make sense now?

Starting to see the plan all come into focus?

Who has been warning you?

Me!

And Bo Polny!

Take action...

👇

Here's Why Central Banks Are Buying All the Gold They Can -- And What YOU Can Do!

For the last year, central banks across the globe have been buying up as much gold (and often silver) as they can acquire without raising alarm bells. Now, we see why.

The recent bank runs and ongoing collapse of the U.S. banking system was anticipated by the "elites" and the central bankers who run things behind the scenes. They saw it coming and knew the best way to protect their assets was through physical precious metals.

If you've been waiting for me to bring you a solution about what YOU can do to protect yourself and you're family, I'm happy to introduce you to something I absolutely love!

Precious metals.

I just talked about precious metals this week with Bo Polny and now I'm bringing you a solution that you can utilize right away if you're so inclined...

A faith-driven, conservative precious metals company is currently helping Americans tap into the rising precious metals market through self-directed IRAs backed by physical precious metals. And while this service is not unique to Genesis, their adherence to Biblical stewardship of money makes them singularly qualified to receive a sponsored recommendation from this site.

Unlike most companies offering similar services, Genesis deals only with physical precious metals. They do not offer "virtual" or "paper" gold or silver.

With Genesis and their depositories, customers can see and touch the precious metals that back their retirement accounts. When it comes time to take distributions, Genesis customers can cash in some or all of their precious metals or have them delivered to their door.

Central bankers aren't slowing down. In fact, nations like China and even U.S. states like Tennessee are quickly but quietly buying up gold to back their own treasuries. When the writing on the wall is this clear, it's understandable why these governments are moving quickly to get ahead of any potential economic catastrophes in store.

Working with Genesis is the best way our readers can explore the physical precious metals market through self-directed IRAs. It benefits us as well when our readers work with this America-First company.

Visit genesiswlt.com or call 866-292-0443 today.

Don't wait too long, we might have more bank failures right around the corner.

You know what has NEVER "failed"?

Gold.  Precious metals.  Indestructible.

There's a reason they call it "God's money".

Watch this for more:

Don't wait until it's too late!


, , , ,

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

log in

Forgot password?

reset password

Back to
log in
Leave a comment
Thanks for sharing!
Thanks for sharing!
We invite you to become a WLT Report insider. Sign up for our free email newsletter, and we'll make sure to keep you in the loop.