It’s a Bird! It’s a Plane! It’s BRICS+!

“If gold goes to $3,000 per ounce, we are actually witnessing the collapse of the dollar.” [Altucher Confidential] June 21, 2023 [WEBSITE]( | [UNSUBSCRIBE]( “If gold goes to $3,000 per ounce, we are actually witnessing the collapse of the dollar.” [Hero_Image] It’s a Bird! It’s a Plane! It’s BRICS+! By Jim Rickards Insider Reveals A Breakthrough New Way To Profit From AI Do not… I repeat… [Do NOT buy any AI stocks until you watch this short video in full.]( [Click here for more...]( You’re about to discover a breakthrough new way to profit from the rise of AI that has never been revealed before. the types of companies we target with this strategy have shown top-performing gains like 1,167% in 11 days, 1,779% in 13 days and even 2,900% in just 3 days. Starting with $5,000, that’d be enough to walk away with profits like $63,350, $93,950 and $150,000 – all in a matter of days. But you must hurry… (As this is time sensitive). [Click here now for details on this new AI strategy.]( [Chris Campbell] CHRIS CAMPBELL Dear Reader, Pop quiz. What do these countries have in common? - Bangladesh - Algeria - Argentina - Egypt - Iran - South Africa - Saudi Arabia - UAE - Nigeria - Syria Sure, they’re all considered “developing” or “emerging” economies (except Syria). And yeah… Some (though not all) are among the most populous nations in the world (Nigeria, Egypt, and Bangladesh). Several of them, including Nigeria (oil), Algeria (natural gas), and South Africa (minerals), possess significant natural resources. But what ties them all together? It’s simple. They all want into BRICS. And that’s a really big deal. Especially if you’re American. Why This Crisis is Different. Our colleague Jim Rickards has spilled no shortage of digital ink about the BRICS+ as of late…. And for good reason. According to Jim, BRICS now has enough firepower to displace the U.S. dollar as the leading payment currency and reserve currency. And it could happen sooner than most think. “BRICS’ desire to ditch the dollar for international trade in goods and services has gone from a discussion point… to a novelty… to a looming reality in a remarkably short period of time,” he says. “And,” he adds, “the world is unprepared for this geopolitical shockwave.” When it comes to most crises, the timing is uncertain. But this crisis is different, says Jim: “We know exactly when it will occur – August 22, 2023, just over two months from now. It will be the biggest upheaval in international finance since 1971. And the world is unprepared.” Below, Jim reveals why August 22 is so important… why China and Russia will be calling the shots… and why $3,000 gold spells doom for the dollar. First, here’s how Jim’s preparing right now. Protect Yourself From BRICS and CBDCs? “Wealth is never truly destroyed in times of crisis,” Jim reminds us. “It’s almost always transferred from one person to another.” In the coming years, Jim predicts trillions of dollars will be transferred from those who aren’t prepared to those who are. There’s no reason you can’t be one of the prepared. Now, last question… What do these have in common? - Bretton Woods - Special Drawing Rights - BRICS - CBDCs The answer to that, says Jim, is your key to protecting yourself from the fallout to come. [Check out this quick “teaser” video to see how Jim’s preparing](. And read on. Secret Gold Back currency RUINING Biden’s plans for a digital dollar? [Click here for more...]( What I’m holding in my hand is a completely new form of money… As we speak, it's being used as an alternative currency across the U.S. minting in places like Utah, New Hampshire and Nevada… And since it’s made out of a thinly printed sheet of REAL gold... It may be the single best way to protect your wealth from Biden’s plan for a government controlled digital dollar. That’s why, I want to offer to send one to you today. But since I have a limited number I need you to respond to [this message]( by Wednesday at midnight. [I’ve recorded a short 2 minute message that explains everything here.]( China and Russia Are Likely to Call the Shots Jim Rickards I recently revealed that the so-called “BRICS+” countries will announce the creation of a new currency at its annual leaders’ summit conference on August 22–24. This will be the biggest upheaval in international finance since 1971. It’s taking direct aim at the dollar. Quite simply, the world is unprepared for this geopolitical shock wave. It appears likely that the new BRICS+ currency will be linked to a weight of gold. This plays to the strengths of BRICS members Russia and China. These countries are the two largest gold producers in the world, and are ranked sixth and seventh respectively among the 100 nations with gold reserves. One difficulty in considering the impact of the new BRICS currency on the dollar is that all dollar indexes compare currency to currency. But that’s meaningless since the dollar, euro and sterling could all suffer from a loss of confidence at the same time. If gold goes from $2,000 to $10,000 per ounce, that is better understood as an 80% devaluation of the dollar: from 0.0005 ounces per dollar to 0.0001 ounces per dollar. That's a collapse of confidence but you'll miss it if you're looking at euros or yen. Those currencies will all be collapsing at the same time. The Only Way to Measure the Dollar The only objective metric for dollar strength is the dollar price of gold by weight since gold is not a central bank currency. This resolves any valuation conundrum as follows: - Dollar strength can only properly be measured in gold. - Gold is money but it is also a commodity. - BRICS are dollar poor but commodity rich. - A new BRICS+ currency will be linked to gold. So the collapse of the dollar really means higher inflation and a much higher dollar price for gold. That means other commodity prices will rise in lockstep. A commodity boom favors BRICS generally speaking. This dynamic could lead the BRICS+ currency to displace the dollar as a dominant payment currency more quickly than most expect because of the link to gold. Except for direct participants, the world has mostly ignored this prospect. The result will be a shock to the international monetary system coming in a matter of weeks. Still, the impact on investors won’t end when the new BRICS+ currency is rolled out. The market implications will roil exchange rates and capital markets for years to come. Most people still have no idea how to even approach the subject. Isn’t Gold Too Volatile to Support a Currency? After I introduced this subject earlier this month, I received a reader question that I think needs to be addressed: Jim, since the gold price is really a function of the paper gold market and is therefore subject to manipulation – and significant volatility – wouldn't a gold-backed.currency require that gold be fixed at a certain price, such as it was fixed at $20.67 under the classic gold standard? Otherwise, it would lack the stability a currency requires, even a gold-backed currency. Again, the paper market subjects gold to manipulation. The U.S. obviously doesn't want a rival currency bloc, especially one led by Russia and China, and would have every motivation to sabotage it. The U.S., in conjunction with the big banks, could create all kinds of havoc in the paper market to undercut gold prices. There really can't be two parallel gold markets, one fixed at a certain price that BRICS recognizes and the other one fluctuating constantly. In other words, can a trading bloc really adopt a gold-backed currency in the absence of an updated version of the classic gold standard with a fixed price? Otherwise the volatility introduced by the paper market would render the underlying commodity unsuitable as a currency, which is meant to be stable. Or so it seems to me. Am I missing something here? It’s a good question, and that reader is months ahead of the rest of the world in figuring this out. Gold Manipulation Is Real The reader is correct that gold prices are manipulated. There is hard statistical evidence to make the case, in addition to anecdotal evidence and forensic evidence. The evidence is very clear, in fact. I spoke to a Ph.D. statistician who works for one of the biggest hedge funds in the world. I can’t mention the fund’s name but it’s a household name. You’ve probably heard of it. He looked at Comex (the primary market for gold) opening prices and Comex closing prices for a 10-year period. He was dumbfounded. He said it was the most blatant case of manipulation he’d ever seen. He said if you went into the aftermarket, bought after the close and sold before the opening every day, you would make risk-free profits. He said statistically that’s impossible unless there’s manipulation occurring. I also spoke to Professor Rosa Abrantes-Metz at the New York University Stern School of Business. She is the leading expert on globe price manipulation. She has actually testified in gold manipulation cases. She wrote a report reaching the same conclusions. It’s not just an opinion, it’s not just a deep, dark conspiracy theory. Here’s a Ph.D. statistician and a prominent market expert lawyer, an expert witness in litigation qualified by the courts, who independently reached the same conclusion. There’s no need to get into the nuts and bolts of how the manipulation is carried out; it’s enough to realize that it does actually happen. Anyway, here’s how I’d answer the reader’s question… It’s All About Weight There will not be two prices for gold. There can only be one price (with small differences for paper versus physical, commissions, etc.). If there were two prices in the same currency the difference would quickly disappear due to arbitrage (buying a security in one market and simultaneously selling it in another market at a higher price). The gold "price" may be expressed in dollars, euros or BRICS+. Of course, you'll get different absolute values in each currency but that's a function of exchange rates, not different prices for gold. The BRICS+ currency will be valued in units of gold by weight. I don't know what value they plan to use, but an example would be BRICS1.00 = 1 oz. gold. At today's market, that would make BRICS1.00 = USD1,950 — but that is not a peg. The peg is 1.0 oz. So the BRICS currency will have a fixed value in gold. At the same time, the dollar will have a floating value in gold as it has since 1971. That means the BRICS/USD cross-rate will float based on the value of gold measured in each currency. You will be able to calculate the value of BRICS1.00 measured in dollars, but that is not a peg. Here's where it gets interesting for investors and for your asset allocation… “China and Russia Are Likely to Call the Shots” If the dollar price of gold goes up, the value of BRICS1.00 will go up against the dollar. If the dollar price of gold goes down, the value of BRICS1.00 will go down against the dollar. If I'm a BRICS member, I might want the dollar price of gold to go up so I can buy U.S. goods and services on the cheap. Conversely, if I'm a BRICS member and a commodity exporter, I might want the dollar price of gold to go down so parties with dollars will buy more of my commodities. Of course, that undermines the point of the BRICS currency to some extent because the whole idea is to get away from dollar-based transactions. China and Russia are likely to call the shots. My estimate is they will want a high dollar price for gold in order to make their BRICS currency more valuable. This will help to increase their own wealth and destroy confidence in the dollar. This policy backed up by physical gold purchases could drive the dollar price of gold to $3,000 per ounce or higher very quickly. In reality, the BRICS currency and physical gold are pegged and unchanged. If gold goes to $3,000 per ounce, we are actually witnessing the collapse of the dollar. That's the whole idea. The dollar stands to lose in value measured in gold or BRICS currency. The dollar will also lose value due to inflation resulting from the lower value. It will take more dollars to buy imported goods or take vacations abroad. Moving money to stocks, bonds or savings accounts won’t protect you because they’re all denominated in dollars. There’s a simple solution to this coming currency crisis. Just buy gold. That will preserve wealth and protect you from inflation. You can always sell the gold if you need cash; it’s just that you’ll get more cash than what you used to buy it. That’s what the BRICS are doing and you can too. Time to hop on the BRICS bandwagon — with gold. Regards, [James Altucher] Jim Rickards for Altucher Confidential --------------------------------------------------------------- Do NOT Ignore This Message Hidden In You $1 Bill… [Click here for more...]( On the face of this $1 dollar bill is a set of instructions for EVERYONE in America, which is legally binding… And is the main thing that gives your cash its value. But here’s the thing… This message represents a direct threat to Joe Biden’s plans for your money… Which could put the value of every dollar you own in SERIOUS jeopardy. Can you spot it? [>>Click Here to Learn the Truth About the U.S. Dollar]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Altucher Confidential is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our [Privacy Statement.]( If you are having trouble receiving your Altucher Confidential subscription, you can ensure its arrival in your mailbox by [whitelisting Altucher Confidential.](