At the BRICS summit on August 22, a new currency is to be announced which will be pegged to commodities, and gold in particular.
Central banks around the world bought almost 230 tons of gold in the first three months of this year, which is the most buying of gold in a single quarter that has ever been seen.
Precious metals price suppression
That the price of gold is still depressed perhaps bears testament to how the price of precious metals is being suppressed by the big commercial banks on the London Bullion Metals Exchange (LBMA) and the Commodities Exchange (COMEX).
However, as the alleged price suppression continues, large entities are able to buy gold and silver at rock-bottom prices in preparation for a world where tangible resources are much more likely to be valued than fiat currencies printed out of thin air.
The recent dumping of the gold and silver prices after huge shorting took place might be one of the western commercial banks’ last ditch attempts to keep both gold and
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