ilmscore | China Is Using Gold To Replace the U.S. Dollar

China Is Using Gold To Replace the U.S. Dollar

Predictions from this Video

Total: 7
Correct: 3
Incorrect: 1
Pending: 3
Unrated: 0
Prediction
Topic
Status
Gold will transition from a passive store of value to an active financial instrument for lending, borrowing, and infrastructure development.
"So, gold goes from being just an expensive shiny rock that sits in a vault to an actual financial instrument that you can lend against, borrow, and build on."
Gold as a financial instrument
Correct
The estimated $2 trillion in new demand for gold could lead to significantly higher prices than previously observed.
"Now, gold is not like the dollar, right? you can't print more of it. So that $2 trillion of new demand could translate to a much much higher price of gold than we've ever seen before."
Gold Price
Incorrect
Within 5 years, gold's price could potentially double from its current value.
"Some people say that in 5 years we could see gold at double what it is today."
Gold Price
Pending
Governments will enter a new era of competing for influence based on differing concepts of money, a scenario unprecedented in modern history.
"For the first time in modern history, I think we might be going into a world where governments have to compete for influence, for the better idea of what money is. And that's something that has never happened before in history."
Global Monetary System
Correct
The global monetary system is shifting from a single standard to a multi-monetary phase, with China and BRICS leading gold-backed money and the US/West pioneering digital currencies like Bitcoin.
"In the past, there was always one global standard, one world reserve currency. But now we can be going into like this multimonetary phase of history where gold back money is led by China and bricks and the digital one led by the US and the west built around programmable assets, tokenized assets and maybe bitcoin."
Global Monetary System
Correct
If the predicted monetary system shift occurs, both gold and digital asset prices could reprice very rapidly.
"And when if it happens, I think you could see both asset prices repric very, very quickly."
Asset Prices
Pending
The rapid repricing of asset prices is anticipated to occur within a 5 to 10-year timeframe.
"Now, when I say quickly, I don't mean this year. That could mean 5 to 10 years from now, which is still considered very quick on these scales."
Asset Prices
Pending