Kitco News, Released on 8/25/23

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Willem Middelkoop, Founder and CIO of the Commodity Discovery Fund, who says the BRICS expansion is the next step in an economic war against the West and takes us a step closer to World War III. Middelkoop discusses the BRICS’ decision to extend formal invitations to six new members and the consequences for the U.S. and the dollar. He also raises the topic of an upcoming reset and the new monetary system centered around gold and commodities.

00:00 – Intro: BRICS expansion
03:50 – Saudi Arabia and the petrodollar
08:52 – BRICS expansion, oil and the U.S. dollar
14:40 – Common agenda
18:33 – Bretton Woods III, BRICS common currency, trading in local currencies
33:25 – China is taking the leadership role
37:01 – Outlook on the war in Ukraine, Russia
41:01 – U.S. reaction
43:00 – WW3
49:27 – ‘The Big Reset’ and the role of gold
56:57 – Gold price outlook
1:01:46 – Current portfolio allocation + Bitcoin
1:05:09 – Silver

Mr. Willem P. Middelkoop is Co-Founder & Fund Manager at Commodity Discovery Management. He is responsible for research and was previously a private investor in Canadian (junior) mining companies for over 10 years, and is an expert in ‘Discovery Investing’. He ceased his work as a financial journalist, in 2009, but is still an active writer, publishing books on financial and economic topics.

  BRICS, silver, us dollar, Willem Middelkoop, ww3