Gold at $7,000? BRICS Nations Rising To Be World’s Wealthiest

The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund. The leaders of the so-called BRICS nations — Brazil, Russia, India, China and South Africa – are set to approve the establishment of a new development bank during an annual summit that began today. The following video is bad news for the US dollar and probably good news for gold (and another reason for you to start working your Karatbars gold account right now!):

Some are making the case of gold going to $7,000 and predicting that although the U.S. Dollar is the reserve currency of the world today, gold is the key to the new millennium of global trade balances. Are you ready?

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