Global Gold Rush Is On — BRICS Takeaways, US Election Impact | Yvonne Blaszczyk
In an interview with the Investing News Network, Yvonne Blaszczyk, President and CEO of BMG Group, shared her insights from the recent BRICS Summit. While a unified BRICS currency wasn’t introduced, Blaszczyk highlighted the strategic accumulation of gold among BRICS nations and their strengthening alliances.
“The world is shifting towards a bipolar landscape, and the global village we once knew has transformed,” she remarked. “Today, it’s the west versus the east, and the balance is tilting eastward. This is something we can’t ignore.”
Blaszczyk urged a broad, global perspective, emphasizing that while local concerns are important, the larger geopolitical picture is crucial. “The major focus now should be on global developments,” she said.
Standing by her forecast of gold reaching US$3,000 per ounce, Blaszczyk pointed out that the demand for gold is intensifying, fueled by central bank buying. “It’s almost like a modern-day gold rush,” she noted. “Gold prices are on the rise, and I believe they’ll continue to climb. People worry too much about short-term fluctuations. Gold’s trajectory is long-term.”
To hear more of her views on BRICS and gold, watch the full interview above.