{"id":462309,"date":"2024-09-24T08:59:32","date_gmt":"2024-09-24T08:59:32","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=858175"},"modified":"2024-09-24T08:59:32","modified_gmt":"2024-09-24T08:59:32","slug":"brics-news-gold-hits-all-time-high-as-usd-weakens-is-bitcoin-the-next-asset-to-soar","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2024\/09\/24\/brics-news-gold-hits-all-time-high-as-usd-weakens-is-bitcoin-the-next-asset-to-soar\/","title":{"rendered":"BRICS News: Gold Hits All-Time High as USD Weakens\u2014Is Bitcoin the Next Asset to Soar?"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/BRICS-XRP.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<ul>\n<li><b>An industry expert predicts that the purchasing power of the US Dollar could reduce to zero from the current 3% amid the de-dollarization strategy led by the BRICS nations.&nbsp;<\/b><\/li>\n<\/ul>\n<ul>\n<li><b>According to the \u201cRich Dad Poor Dad\u201d author, it is advisable to consider saving in Bitcoin, gold, and silver to escape the potential hyperinflation.&nbsp;<\/b><\/li>\n<\/ul>\n<hr>\n<p><span>The US Dollar (USD) is reported to be in a critical situation as its purchasing power weakens in the face of the BRICS alliance\u2019s de-dollarization strategy. According to the CEO of Zang Enterprises, Lynette Zang, the US Federal Reserve has admitted in a document that only 3% of the USD\u2019s original purchasing power remains this year.&nbsp;<\/span><\/p>\n<p><span>Scrutinizing the situation with official data available, Zang <\/span><a href=\"https:\/\/watcher.guru\/news\/brics-only-3-of-us-dollar-original-purchasing-power-remains\" target=\"_blank\" rel=\"nofollow noopener\">disclosed<\/a><span>&nbsp;that things could get worse as the purchasing power may likely dwindle to zero in 2025. Economically, the adverse effects could be grievous as hyperinflation may be significantly experienced in the US leading to Job losses and disruption, she explained.&nbsp;<\/span><\/p>\n<p><span>According to other experts, another factor that could quickly render the USD almost \u201cvalueless\u201d in the sense of international trade is the <\/span><a href=\"https:\/\/www.crypto-news-flash.com\/brics-news-126-nations-discuss-moving-away-from-us-dollar-explore-crypto-payments\/\" target=\"_blank\" rel=\"noopener\">BRICS agenda<\/a><span>. To Zang, the country could likely get punished for \u201cfailing to kill the beast they created.\u201d<\/span><\/p>\n<blockquote>\n<p><span>I believe, with all my heart and everything that I know, that we\u2019ve already begun the transition to hyperinflation. We\u2019re going to see more borrowing, more money printing, and more inflation because they have not killed that beast that they created and continue to create. It\u2019ll become very obvious in 2025.<\/span><\/p>\n<\/blockquote>\n<h3>Precious Metal Expert Makes Crucial Analysis of BRICS Strategy and USD\u2019s Position<\/h3>\n<p><span>In another interview with historian and precious metals expert John Forest Little, it was highlighted that the rising de-dollarization agenda is forcing the US to reconsider its monetary policy and resort to gold for economic influence. <\/span><\/p>\n<p><span>Historically, the US was reported to have suspended dollar convertibility to gold in the Bretton Woods II era after the USD became the reserve currency in Bretton Woods I. According to the analyst, the country is now entering the Bretton Woods III, which is characterized by the movement towards commodities and gold-backed currencies.<\/span><\/p>\n<p><span>Unfortunately for the US, the BRICS nations are reported to be at the forefront as they extensively accumulate gold and other resources to lead a new financial order. On top of that, the BRICS nations are in the process of building an alternative financial system, which includes the recently tested bridge digital currency platform and the UNIT, as we <\/span><a href=\"https:\/\/www.crypto-news-flash.com\/brics-news-blockchain-payment-system-set-for-october-announcement-potential-xrp-integration-highlighted\/\" target=\"_blank\" rel=\"noopener\">reported<\/a><span> earlier.&nbsp;<\/span><\/p>\n<p><span>In addition to creating a multipolar economic world, the BRICS is also moving away from dollar reliance. In situations where BRICS sell US Treasuries to buy gold, the country could battle rising inflation. In this case, the expert advises that the US embrace gold in its monetary policies.&nbsp;<\/span><\/p>\n<p><span>Amid the backdrop of the USD weakening purchasing power, gold reached its all-time high price at 2,638.79 on September 24. Interestingly, <a href=\"https:\/\/www.crypto-news-flash.com\/what-is-bitcoin-a-beginners-guide-to-the-worlds-popular-type-of-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\">Bitcoin (BTC)<\/a> could be the next in line to soar as institutional investors resort to the digital asset as a hedge against impending inflation. This coincides with the recent statement of the \u201cRich Dad Poor Dad\u201d author Robert Kiyosaki. According to Kiyosaki, saving real gold, silver, and Bitcoin and buying rental properties is important to avoid \u201cbeing crushed by the destroying USD.\u201d<\/span><\/p>\n<blockquote>\n<p><span>For years I could see this crisis coming\u2026 which is why I wrote Rich Dad Poor Dad, own my business, use debt as money to buy cash-flowing assets such as rental properties, save real gold and silver, and today Bitcoin. Please be prepared and take care. It\u2019s getting exciting.<\/span><\/p>\n<\/blockquote>\n<p><span>At press time, Bitcoin was trading at $63.4k after surging by <span>8%<\/span> in the last seven days.&nbsp;<\/span><\/p>\n<hr>\n<h6>Recommended for you:<\/h6>\n<div class=\"tve-leads-shortcode tve-leads-triggered tve-tl-anim tl-anim-instant tve-leads-track-shortcode_228374\">\n<div class=\"tl-style\" id=\"tve_tcb2_set-001\" data-state=\"50\" data-form-state>\n<div class=\"tve-leads-conversion-object\" data-tl-type=\"shortcode_228374\">\n<div class=\"tve_flt\">\n<div id=\"tve_editor\" class=\"tve_shortcode_editor\">\n<div class=\"thrv-leads-form-box tve_no_drag tve_no_icons thrv_wrapper tve_editor_main_content thrv-leads-in-content tve_empty_dropzone\" data-css=\"tve-u-185a09262cb\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<p data-css=\"tve-u-185a09262d4\"><span data-css=\"tve-u-185a09262d5\">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; No spam, no lies, only insights. You can unsubscribe at any time.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An industry expert predicts that the purchasing power of the US Dollar could reduce to zero from the current 3% amid the de-dollarization strategy led by the BRICS nations.&nbsp; According to the \u201cRich Dad Poor Dad\u201d author, it is advisable to consider saving in Bitcoin, gold, and silver to escape the potential hyperinflation.&nbsp; The US [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":462310,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,10],"tags":[31,9330,118,156,25,7493,1069,374],"class_list":{"0":"post-462309","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-other","9":"tag-bitcoin","10":"tag-brics","11":"tag-btc","12":"tag-gold","13":"tag-news","14":"tag-robert-kiyosaki","15":"tag-the-us","16":"tag-us-dollar"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/462309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=462309"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/462309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/462310"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=462309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=462309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=462309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}