Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, UAE - Invited to be FULL BRICS Members from Jan 2024
If these countries adopt intertrade outside the USD and if the Saudis start to sell Oil in BRICS currency (there is a strong possibility there will be one backed by basket of commodities) then US's ability to print to infinity and beyond is over.
POG goes up against the USD. Also, many others will be forced to trade outside the USD as they will not trust the USD as stable currency any longer.
Worth keeping an eye on this. It will be few years before it plays out or I should say before the effects of it to be felt. But POG will move higher well before that as traders will see it coming so speculative bets will be placed very early.
Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, UAE - Invited to...
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Last
59.5¢ |
Change
-0.005(0.83%) |
Mkt cap ! $359.0M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 61.5¢ | 59.5¢ | $295.7K | 490.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 113153 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 73302 | 5 |
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| Last trade - 13.55pm 13/05/2024 (20 minute delay) ? |
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Last
59.8¢ |
Change
-0.005 ( 0.40 %) |
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| Open | High | Low | Volume | ||
| 61.5¢ | 61.5¢ | 59.5¢ | 134883 | ||
| Last updated 14.04pm 13/05/2024 ? | |||||
| ALK (ASX) Chart |