With rumors flying and heavy anticipation that the BRICs alliance along with the Asian/ Eurasian allied bloc of countries will unveil a gold-backed digital currency in August, several subscribers have asked my opinion on whether or not it will happen and, if so, what are the implications. First, I think the inevitability that a gold-backed currency will be issued by the growing, economic/geostrategic alliance of countries is certain. The timing of this move, however, is questionable. I further pursue this discussion in the latest issue of my Mining Stock Journal.
In this bi-weekly Arcadia Economics episode, Chris and I discuss our visit to Fortuna Silver’s new Seguela Mine operation in Cote d’Ivoire, Africa as well as my view that the precious metals sector is percolating for a big move higher: Gold, Silver Surge Higher On Low Inflation Reports