Arcadia Economics, Released on 4/26/23
For Part 2 of this interview, CLICK HERE
The de-dollarization movement led by the BRICS nations is seemingly accelerating by the day, with new non-dollar trade arrangements being launched on a regular basis, while the list of countries wanting to join the BRICS also continues to increase. So in today’s call, Dr, Jim Willie of The Hat Trick letter joins me again on the show to share the latest developments he’s witnessing, and how new exchanges are being set up around the globe to trade assets like gold and treasuries. Jim also talks about how the silver market fits into the overall picture, and why there’s been so much resistance for silver at the $30 level. He describes the precarious position that he believes the COMEX will find itself in as the precious metals trading becomes more decentralized, and the ultimate effect that will have on the system.
Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.
Chris Marcus worked 2 years at bond rating agency Moody’s, has an MBA from Wharton, and also worked 7 years as an equity options trader for Susquehanna International Group on the American and New York Stock Exchanges, before leaving in 2012 to create Arcadia Economics. In addition to publishing Arcadia’s Monthly Market Snapshot, he also currently writes market commentary for gold and silver dealer Miles Franklin, Investing.com, and several others.