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Market outlook: Vladimir Putin’s golden pipedream

Commentaries & Views

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Someone in the Russian Embassy in Kenya in late June said the BRICS countries are planning to introduce a new trading currency, which will be backed by gold. No one in any of the other BRICS has said anything about this other than that they would not participate in any such ill-conceived effort. CPM Group’s Jeffrey Christian discusses the unlikelihood of this actually occurring, and why such a program would not benefit any of the countries involved.

Jeff also discusses gold, silver, and PGM markets, some of the recent price movements and CPM’s projections for the next several months.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.