Why Are Central Banks Around the World Hoarding Gold? With Andy Schectman

Why did the central bank in Switzerland reclassify gold as a tier 1 asset in 2019 and why have central banks around the world been accumulating gold at a rapid pace? Andy Schectman explains the significance of these events and how they tie into the emerging BRICs nations currency that may dethrone decades of U.S. dollar hegemony.

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00:00 Introduction
01:10 Development of BRICs Nation Currency
07:22 Classification of Gold as a Tier 1 Asset
36:25 Break Up of the European Union
41:59 Chinese Digital Yuan
51:23 Calling for Delivery on Gold Contracts

#gold #centralbanks