They see the debt taken on by the U.S. government and the trillions of dollars printed by the Fed — and they wonder how long it can last.
The growing BRICS alliance (Brazil, Russia, India, China, South Africa, Iran, Saudi Arabia, Egypt, UAE, Ethiopia, Argentina) has been quietly stockpiling gold – and have accelerated purchases in the last year.
Here is chart of their gold reserves – note the steep rise in the last year: It isn’t just foreign countries who are moving to hold more gold — many Americans with retirement accounts are doing the same thing. In fact, so many Americans are moving retirement accounts to precious metals […]
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