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Bullboard - Stock Discussion Forum Skeena Resources Ltd T.SKE

Alternate Symbol(s):  SKE

Skeena Resources Limited is a Canadian mining exploration and development company. The Company is focused on revitalizing the Eskay Creek and Snip Projects, two past-producing mines located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada. The Eskay Creek portal consists of eight mineral leases, two surface leases and various unpatented mining claims totaling 6... see more

TSX:SKE - Post Discussion

Skeena Resources Ltd > BRICS say bye bye $ hello gold....
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Post by metalhead666 on Jul 10, 2023 7:35am

BRICS say bye bye $ hello gold....

In that must-listen interview, my friend Andy Schectman told me: “When you look at countries that have expressed interest in joining BRICS, they all have substantial gold holdings. The numbers are increasing among those who want to join, there’s over 60 countries they have lined up in a queue [to join BRICS].”

The next thing I’ll be looking for will be cooperation from the Saudi’s who, because of their dominance in oil markets, can help affect the change necessary to grow this new currency.

Andy continued, telling me back in May:

“I do believe it’ll be a Sunday night. OPEC, the BRICS nations, Saudi Arabia - they come out and say on a Sunday night, we’re taking other currency for oil - and everything blows up Monday morning. It’s a tsunami of dollars,” Andy concluded. “The pieces are being put into place right now. Nobody is going to have time to react.”

“Why the hell would Central Banks be buying more gold now than ever? They’re frontrunning. They don’t care about the technicals, they’re using the Western suppression of gold prices to de-dollarize. What does that look like when the world completely sheds dollars because they no longer need them to buy oil?”

Lest we forget, simple, common sense.

I’ve argued for de-dollarization not because I’m unpatriotic or I want bad things to happen to the U.S. — just the opposite. Simply because the case becomes common sense when examining how we have abused the dollar’s reserve currency status, most recently weaponizing our currency as result of the Russia/Ukraine war. 

When a gold backed currency makes its way onto the global trade stage, it’ll be taken seriously because the rest of the world will have the same common sense realization that we already have. And this is why I believe, no matter what skepticism you may hear from dollar bulls, the wheels are already in motion.

Comment by AlwaysLong683 on Jul 10, 2023 10:39am
Excerpt from an article courtesy Wionews dated July 7, 2023: ....the New Development Bank, a financial institution created by the BRICS bloc, said in an official statement that it doesn’t have any immediate plans for a common currency. Instead, the members of BRICS – Brazil, Russia, India, China and South Africa – are pushing to conduct more bilateral trade in local currencies. They aren’t ...more  
Comment by metalhead666 on Jul 10, 2023 11:50am
None of them are going to trade in local currencies or they already would be doing so. They'll have to have some common medium of exchange like gold or a basket of commodities or some unit backed by something they have in common or can agree upon. I think the main point is that a trend is underway to break free of the US dominance and control. 
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