Gold to Replace the US Dollar? India, China Beef Up Reserves | Vantage with Palki Sharma
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- Опубліковано 10 кві 2024
- Gold to Replace the US Dollar? India, China Beef Up Reserves | Vantage with Palki Sharma
In a significant global surge, gold prices have hit an all-time high. Central Banks across the world are now buying gold. China has emerged as a leading buyer of the metal. Since November 2022, China's central bank has engaged in heavy buying. India too has been building up its gold reserve. As of January 2024, India's Reserve Bank of India has 800 tonnes of gold in its reserve. Banks are rushing towards gold investments to diversify their reserves, and to avoid the dependability on one currency. Is gold a suitable replacement to the US dollar? Palki Sharma tells you more.
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Gold | India | China | US Dollar | De-Dollarization | Firstpost | World News | Vantage | Palki Sharma
#gold #india #china #usdollar #dedollarization #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
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I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@madidi_26 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@Wilhelmina-Luisa My advisor is Victoria Carmen Santaella;
You can look her up online
@@madidi_26 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with ‘’Colleen Rose Mccaffery” for the last five years or so, and her returns have been pretty much amazing.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge my portfolio against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
Investors need to understand where and how to allocate funds to hedge against inflation and still make profits. or better consult wit a good advisor
In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
I've been thinking about switching but have been hesitant. Could you recommend your financial advisor? I'd appreciate some assistance.
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Gold is the real wealth.
Gold is the real money.
If you will wish to survive, then saving money in the form of Gold.
@@curio78 EXCEPT IT WONT :)
New age gold is btc.
J.P. Morgan famously said this in his testimony before Congress in 1912: “Gold is money. Everything else is credit.” It is remarkable how human beings never learn from history.
You can't eat Gold brother. There are things far more important.
If you want to really simplify things, Energy is the real wealth. World can suddenly decide Gold is useless and then the value drops. But Energy we need.
@@curio78if gold is ignored
you think paper will be not ignored?
Tell me how is a dollar have more value than gold? If people don't want to use dollar it will lose value
but gold is different it is real money since the beginning of human civilization paper may change but gold will not.
US is printing dollars endlessly...
National debt will pass 35 Trillion soon.. Buying gold is a real win for public... Inflation will eat you alive unless you have some real wealth like gold...
What has debt got to do with printing dollars. US is borrowing endlessly, not printing money.
@@skaretiCan you answer this hypothetical question?
What will happen to US dollor, if by tomorrow sunrise every country dumps dollor enmass and buy gold?
@@skaretiusd is debt
@Panther581 all the dollars will roost back to US. Injecting more currency in the system and will lost it's value.. millions of it can't even buy a bread.. the answer to your question is Hyperinflation.
@@skaretiand where do you think they’re “borrowing” the money from? It’s printed… and fiat IS debt, it’s government debt.
Chinese central bank is smart, they could see the economic turmoil. So they are buying gold, do not misinterpret Chinese central bank action.
They’ll already in economic turmoil 🤷♂️.. do you not see their economic crisis right now
@@jumbomuffin1316 then why some world leader goes to china then. Even if china's economic on turmoil?
Gold and sliver is real money, paper money is just fiat currency..
Which india don’t have
@@AravindasamethaJrNTR India ranks 9th, we have 800.78 tonnes of gold reserves but its not enough usa have 10x more which ranks no. 1. about 8000 tonnes aprrox.
@@sanket_o7 yes, the more you buy gold from US, the more they produce. For US, It is like drilling water from backyard. When they have endless gold, they automatically will have upper hand. Hence it is meaningless to keep gold as standard
@@sanket_o7 keep tamarin seeds as standard. Next day, 1 rupee == 100 dollars. Similarly gold is for US
How?
India should peg Rupee to gold too. Most Indians own gold in the form of jewellery. Zimbabwe knows it better about the paper money backed by nothing and recently created a new currency backed by gold.
Lol average Indian IQ comment.
You should be the finance minister, by the way, where should we all deliver “our” gold to the treasury 😂😂😂😂
So based on your financial skills can you tell me the current value of the ZEN for 1 ounce of gold, I can tell you what is is for the dollar?
@@nickmellorphotos
Dont worry dictator modi will confiscate gold at below market price..
It has been done before ..
Googlw : 1933 US confiscation
@@nickmellorphotos😂😂😂😂😂😂
What are the best additions to a $500k portfolio to boost performance? ETH is Up and will do better, I believe as indicators for profits continue to improve. investors like me believe that “Santa has come early” to the markets.
I think you're better off with majority investment in bitcoin and uprising equities cos they always outperform. Alternatively speaking to a certified market strategist can help with pointers on which to acquire.
wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your investment advisr please, if you don’t mind me asking? in dire need of asset allocation
ashley airagahi is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals
I read Ashley is a scam artist that robs people of their money. She uses a bot army to post fake messages that sing her praises, but in the end she will always steal your money.
The whole world can no longer continue to be dictated to and bullied by one country printing papers for trade. This must change
😅gold is also mined in just a few countries
Shut up! U.S.A!! if you don't like it, your country will pay the price!
Your videos were great!! I'm one of your viewers and have been watching your videos lately. I would like to invest, but I still can't find the right investment to commit to. I will appreciate any help here.
I always wanted to trade crypto for a long time but the volatility in the price has been very confusing to me although I have watched many UA-cam videos about it but still find it difficult to understand.
It makes sense that BTC and crypto are of helping to regulate, rather than pretend it won't ever happen.
The big institutions getting In is the catalyst that will laugh us made they grow used to it becomes a nonissue usually because of their fears never materialize.
And benefits they were unaware of before turn out to be more beneficial
Trading is easy, but trading the right coin without a time-tested strategy is incredibly hard.
My advice, never do shorts or longs on stocks or #crypto
most people went bankrupt better buying in parts monthly
I've been in touch with a financial advisor ever since I got into the market. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over overboard and been making about $1 500 bi-weekly, What I'm trying to say is the 5% of traders in the world that are consistently profitable are very reserved, they are just random/lowkey people no one even expects. My account manager chooses entry and exit orders
Indians have more gold than any other country. The central government reserves may be limited, but nobody knows how much gold the citizens of India have. It runs into trillions!! ❤
True brother 😊❤🥰🕉️🙏🇮🇳
indians are financily smart in that sense.
Many families in india survive COVID because of gold
also stink @@briopalumpus8676
Trudeaus sold all the gold Canada used to own.
Well done, you CAN'T PRINT GOLD the way they print dollars ( not covered by gold)
Hello from Greece, I discover your UA-cam channel recently. You channel and the work made by it's journalists, especially Palki Sharma it's exceptional. Well done, independent journalism. I have been to India ten years ago in the city of Amritsar. I want to see the Indian giant take the place it belongs between the advanced nations of the world. India has a remarkable history.
What have you been doing in Amritsar? For 10 years?
@@Ghudani_Kalannot for 10 years but 10 years ago.
Thank you for positive position towards My country. Please, give your outlook to others in west ❤❤
@@Ghudani_Kalan I have friend a woman from India who lives in London. She is an old woman now. Ten years ago her father passed away, so me, my mother and our common friends ( a woman who studied at the same university in the UK with pavita ) visit India, Amritsar for the funeral.
@@smokeyeyes9351 correct.
With all the talk about gold potentially replacing the US dollar and India and China beefing up their reserves, I'm feeling a bit uncertain about my investment strategy.
Absolutely, especially with such significant geopolitical shifts happening. It's crucial to stay informed and possibly seek professional advice to navigate these changes wisely.
I agree. The dynamics between gold and the US dollar, as well as the actions of major economies like India and China, can have far-reaching effects on global markets.
Which advisor do you work with? You seem confident in the person
ERIC PAUL ELMER
i just googled the man you mentioned, I am quite impressed with his credentials, will get in touch because I need all the help I can get, and consequently schedule a phone call. Thanks.
I'm certain that the value of gold is going to go up, particularly if more countries are to bring back the convertibility of their currency to gold. If the US does it to protect its position as leader of the world, there is going to be an unlimited demand for it and it is impossible to predict what would be the stabilization point at this time.
You can't deny the cyclical nature of financial markets. Artur Grandi's book gives you a roadmap for stabilizing investments and dives into potential investment avenues, such as cryptocurrencies.
Gold is real money
The value of Gold is the most significant thing in the world, monetarily speaking.
China gold reserve is only 20% of US reserve. This is extremely risky to keep large amount of US dollars not just afraid of being confiscated but also the crash of dollar value.
China never reveals its gold reserve publicly.
美联储虚假黄金数量😂。
All fiat currencies go through it's glory and bust cycle. Eventually, fiat currency like USD will not live very long. History tells that whenever gold surges rapidly especially reaching all time highs indicates an impending global depression or deliveraging and may or may not result to cold or hot war
Gold Diamonds and Emeralds were the oldest trade money value exchange for raw or finished goods in Asian countries later in middle Eastern countries
This practice was in Mahabharata and in Sri Lanka
The option for the world is only two, keep oil but the USA will use it as its weapon to keep the USD expensive thus it keeps its hegemony or just use Gold.
The printers in US printing Dollars are sanctioned by BRICS!😂
🤣😂🤣😂
Who told you that? China survives on Imports and Exports. In scale it only have one trade partner as all the other pale into insignificance compared to the scale of trade. That partner is the United States. Have no doubt that irrespective of trade or geopolitical differences the US and China are tied at the hip. This is not bias it is simply a fact that can not be overlooked. Also gold reserves of the US stands at 8500 tons, China holds around 350 tones, India about 803 tones, again facts not some uneducated comment you picked up in the market.
@@nickmellorphotos It seems China pushing Yuan to all countries but Europe & US, UK, Canada.
@@nickmellorphotos Two crucial facts that need to be disputed.
Gold reserves by country: US : 8133 Tonnes, not 8500. China: 2265 Tonnes, not 350.
Trades between China and the world.
ASEAN: 975 $Billions. EU: 847 $Billions. US: 759 $Billions.
Your opening assertion that "...In scale it only have one trade partner as all the other pale into insignificance compared to the scale of trade. That partner is the United States...." is obviously incorrect because ASEAN and the EU are bigger trading partners than the US. Which country doesn't need trades to survive?
@@nickmellorphotos I believe China holds over 2000 tons of gold.
And when Zimbabwe does Gold Backed Currency the same network says it can't work !!!
🤣🤣🤣 there is enough gold in the ground in zimabawe for literaly all its citizens.
Because .... CBDC. You cant convert it directly into gold.
West is burning 😂
@@user-ub1xr8md1gthe US holds the largest Gold reserve
Because Zimbabwe is not manufacturing unit
Gold is Real Money from age's
You are enjoying the M1 M2 fiat money! Take this system away then you will have lots of issues! Whoever has strong Military will dominate!
So far USA is the strongest!
$800 billion per year! For over 30 years!
700 bases !
So be careful what you are wishing!
What about salt
I dumped the $$ back in 2019 and bought gold. Initially not much happened but today I am showing a healthy profit and expect the gold price to continue upward. When I can sell at $3000 per Oz. I will take my profit and run. I expect that to before the end of this year.
Can some pls tell me if Nigerian central bank is also buying gold as their reserve?
Gold has proven to be a great asset for protection, preservation and profit. Moral of the story buy gold!
What about salt
Another reason for Indian women to buy more jewelry 😃, go fast
😂😂😂😂
😂😂
buy gold, loose 15% right there on making charges. Pay capital gains tax while selling or buy gold ETF or SGB. Get free 2.5% interest from govt and no capital gains tax or security issues
Just buy regular gold... Jewelry loses gold in wastage and losses in making charges and gems which add to no value.
Learn from Indian women.
China stayed as the second top merchandise importer in 2023 with a share of 10.6 percent, basically the same with the level in 2022, the ministry said
Yesterday Zimbabwe announced their Gold back currency you literally trollet that idea saying Gold is very volatile. And today this news . Why this double standards in 24 hours of news ?
When India does something it’s good 😂
Gold is for BRICS currency
She's biased towards India
@@malcolmcurve9511 Now a days her views are very very much biased. It changes every day one day she will take one country side another day tries to fuel fire in some conflict etc etc. For example yesterday's news about Iran - Israel where she blamed Middle east tried to pour fuel into people's mind
Very educative video, It's amazing how the smallest piece of information can lead to significant financial success. This was exactly what happened to me when I was introduced to Mia felison
MIAFELIZ1
that's it
Metal temporary ..
It can fall suddenly
Good for governments to have Gold .
I think a little later on wooden charcoal is more expensive than gold
Gold is always a great investment but the dollar will be the main currency for decades to come
USA madly printing USD and it is worthless.
Good on BRICS 🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦 they have been increasing their gold reserves, and other reserves a lot.
Money used to be valuable when it was backed by Gold until the US 😑
Wasn't the US it was the 'bankers' aka the....
Now it feels the US is printing more money and faster than anyone is mining gold from this earth.
The US said that greed is good 😅
Really? Why do you think the Gold Standard was ditched? 😩
@@rainieresguerra6519 The french were exchanging dollar for gold. But the US was printing extra cash to buy things around the world. Win win 😂
Magnificent work China. As a proud Indian🇮🇳, I really love ♥ and have a lot of respect for the incredible work of your really interesting story on Gravitas *How British looted 45 trillion from India* which is as a masterpiece of the highest quality. Its content is truly inspiring and I thoroughly enjoy watching it. The dedication, talent and hard work poured into the video are greatly appreciated by many. The Indian Union Public Service Commission has also deliver a remarkable report titled संघ लोक सेवा आयोग *How Britishers killed 1.8 billion Indians. Chronology of British Raj's exploitative policies* | UPSC," is equally astounding. The Indian government consistently produce insightful and thought-provoking articles of the utmost caliber. I sincerely hope they continue to produce such captivating exceptional work. Can it even get better than that? They deserve an award for best report of the year. Thank you for telling the truth.
What do you mean?
British looted 45 trillion from India and killed 1.8 billion Indians? Really?
You only see the physically looting by gora....they are looting to this day by design of international monetary system. The disparity between currencies created to suck the blood n sweat of other countries.
That's I chinese bot report it
@@gauthamkarchella2628 Bot
And I heard Canada has no gold reserve.
You must understand that Gold Reserves are country's gold assets held or controlled by the central bank. It is true that Canada sold off its gold reserves but lets not forget that Canada has one of the wolds largest gold deposits still waiting to be dug out.
@@nickmellorphotos And that right for mining sold to US companies already , now Canadians can become a US colony
@@ElonHusky they have always been a US colonial puppet
Interesting how over 2% inflation has been a concern when central banks and the Fed begin to hike interest rates. I consider the rising interest rate to be a very serious issue since it will undoubtedly cause more investors to withdraw their money from the stock market. But then I'm still aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
Very possible! Particularly in the current market. There are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.
AGREED! Over 3 years now, I've made over 1.7 million by simply following a coach's advice. I was on the sidelines for a while watching, trying to determine the best time to get in, before I came across a coach, recommended by my wife. I was reluctant at first but I went ahead and contacted the coach. Best decision yet
This sounds interesting. My portfolio is in the red. Can you recommend your analyst, please?
I work with Sonya Lee Mitchell as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
I just checked her out and I have sent her an email. I hope she gets back to me soon.
All banks will suddenly start selling their gold to earn profits and gold will come down to 50,000/- for 10 grams.
Thanks
Isn't buying just 13 tons of gold by RBI very low ??? India has more than 500 billion in USD reserve , i think Indian reserve is not so liquid like china or other eu nations
We have more than 400 Billion in US Dollars
Our ancestors won over adam smith. By huge margine. 😂😅😛😜😝🙏
Can someone briefly explain me why did RBI bought these much gold? In order to resale at higher valuem
Greetings Mukund here,
Respected Madam, I had seen you some months ago or may be year or so ago on another channel . I think it was gravityia or something. Your presentation is wonderful . Nice to see you again. I have subscribed to your channel. Wishing you all the best.
robert kiyosaki kept saying I inest in gold I dont believe in currancy. it was 2 years ago.
Wow, I thought gold was rare!
In my country, we are poor but we have golden jewellery from old times.... Which our womens will never permit us to sell !
Gold backed currency offers great stability with inflation remaining near zero for decades at
a time.
Is the gold really physically in India and China or is it stored in US and UK?
Who would store anything in the West if assets will be frozen or stolen. The world has been repatriating gold for several years. UK refuses to give Venezuela their gold
Zimbabwe knew something we didn't
they didn't have a choice..either that or starve because of hyperinflation
But gold mafia are busy selling gold to dubai instead of bulling up our reserves.
Neither you not Zimbabwe know anything. US dollar is backed by US military. Gold will not be backed up by anything. For it to have any meaning, it better be stored in US or London depository. Otherwise, you better protect it with security that will cost more than worth of gold.
@@vetiarvind Exactly, but still in was a move, imagine if all Africans followed suit of course strategically. Fulfilling Gaddafi's endeavors
Worlds top gold exporter is US, Canada and Australia. Top importer is India and China. Gold reserves never ends in US. Foolish idea. Instead replace with RICE.
Saw that the other day. You should also talk about silver. India just loaded up with silver and put a huge dent in the comex. I personally love it. Same with gold climbing. It all ran on trust and t bills. Thats why yellen was over in bejing if you ask me.
Finally countries around the world are waking up - everyone needs to ensure their monetary & financial markets are backed by gold & other precious metals - if you want to stabilise your country’s financial system ensure your monetary system is backed by precious metal - basically gold
Let's try to use words other than "beef up", even more so when there could be many other words for the same feeling/expression.
Let's start this change.
I've been noticing this change as well. We've already lost the culture, now these things as well ???
So ,Now what do you think about Zimbabwean new currency
ZIG
Sounds great in practice but anyone who believes great economies are made just because you have big gold assets is simply crazy. It needs strong financial authorities, education, and political stability just to mention a few. It will be interesting to see how it pans out but I suspect a big implosion
What is the points of holding US dollar if it can't be used to buy american chips that are needed.
1 gram of 22ct gold in 2019 june it was around 3000 per gram.During covid times gold has touched 5000 rs per gram.Now it is 6700 per gram.In world market China is purchasing the gold in a huge way and piling up the reserves in banks.Next India is increasing the reserves in banks and house hold consumption in Indian homes are also happening.Few other countries are also buying the gold to put up in reserves.If federal reserve reduce the interest rates in USA,again gold price will shoot up.In future middle class people can't think about the gold.
Singapore has been buying gold also, of cos not the same scale as China..
Excellent analyisis🎉
All currency should be gold backed to prevent fraud and devaluation from "reckless printing"
Gold is at record high. FIAT is finished as US treasury just keep printing it 😂
"Gold to replace the US dollar? Sure, because nothing says 'modern economy' like a currency that would make pirates jealous."
India is buying Gold because its athletes are incapable of winning Gold at the Olympics. The country is filled with overweight and lazy kids. 😭😢🤣🤕🤣
❤❤❤❤❤❤❤🙏
Greetings mukund here,
Some months ago there was news on some channel expressing concerns on India's debt. Have you made any video on the same? If not it will be wonderful video and you can explain it very well.
Thank you .
regards
Mukund
Hi Palki mam audio quality to be improved
Zimbabwe did same today
But then your analogy on Zimbabwe having a currency backed by Gold has another narrative
Zimbabwe has less gold
JAI HIND. BHARAT MATA KI JAI. VANDE MAATARAM.
Look at the gold chart from 2011 high it took 9 years to reach that high
Best kept secret: In Hungary they have 10.000 tons of gold and the same amount of silver still in the ground.For some foggy reason they still don't dig out despite it is close to the ground.
ఇండియా లో రెండు టెంపుల్స్ ఉన్నాయ్, వొకటి ఆంధ్రప్రదేశ్ లో తిరుపతి బాలాజీ టెంపుల్స్, కేరళ లో వాకా టెంపుల్ అండర్ గ్రౌండ్ లో సెవెన్ లాకెర్స్ లో ఆరు తెరిచి చూసిన వారికి అక్కేడే గుండె ఆగి పోయిన పని ఐంది, దానిలో డైమండ్స్ కి వేల కట్టలేరు, ప్రపంచ లో No 1ధనవంతుడు మొత్తం దానంతో కుడా అ డెమోడ్స్ కి బంగారని అతని డబ్బు సరిపోదు అలాగే తిరుపతి టెంపుల్ బంగారం బ్యాంకు లో లాకారస్ సరిపోక ప్రక్క రాష్టాల బ్యాంకు లకర్స్ లో పెడతారు అ టెంపుల్ కి నాకు తెలిసి 2 టన్నుల బంగారం ఉంది, అలాగే ఇండియా లో సౌత్ ఇండియన్స్ దగ్గర ఉన్నా బంగారం మీ దేశంలో ఉన్నా బంగారం కన్నా ఎక్కువ ఉంటుంది,. Please trancelate English
Wars ? Gold buy it peotect yourself .
What you have not covered:
Surplus US dollors in the financial market will reduce it's demand and dollor gets cheaper. This will adversely affect US economy.
In such a scenario, conflicts between nations will create a demand for the dollor. This raises the question, whether the present ongoing conflicts have an agenda.
Excellent analysis. Thx a lot.
Well, the dollar isn’t worth anything…
From 650 billion dollars Indian forex reserves india should buy 3000 mt of gold from 150 billion dollars
Your forex reserve has to service debts and for defending Rupees...
@@jimmylam9846we already have enough gold that even if American sanction us (hypothetically) we can survive easily… learn from past kid
This is despite Indian athletes not securing Gold (like the US does) at the Olympics😭😭😢
@@manannaik1341 please study economics. It will help you understand these concepts.
@@wolfmangoland7972 aww kid look at you living under American bubble.. stay there you people are gonna kill each other after sometime… can’t even figure out how many genders are there?
Domestic gold is 10 times heigher than RBI reserves maybe it will be 100 times also
Spot-on as always
Nothing can replace the USD unless the US loses the leadership in Hi-Tech and Super Power Status. India has huge potential if it does not do the same mistake that China did. Play smart Modi!
What mistakes did China make😂😂?
@@zeetvisascam3443 Playing Super Power games while it is not:)))
@@egyoac China always admitted they are not super power but the Western all think she is!! Give me an example did China ever admit they are super power!!
@@egyoac
Truth and reality hurts the most
Indians hate the Chinese because the very existence of China is a perpetual reminder that China has succeeded whereas India has failed. The entire world is always comparing this 2 largest countries because they have the same population and because of this, Indians have a hard time coping being the inferior one. Thus, India have developed this defense mechanisms psychology that they cannot lose out to China.
@@zeetvisascam3443china aspired to become a global hegemony
Love your outfit Palki and the jewelry goes well with it.
Thank you
Russia should have asked India to pay in gold instead of Rupees for its oil. Now Russia is stuck with $147b worth of rupees that nobody wants.
if russia can buy useful things for that money from india then its no problem, and just in case other countrys currency in reserves never a bad idea if not too many, who knows what times coming.
Any country should only accept a currency as payment if they know that they could buy something useful back. I'm not certain but I would imagine that India could find something that would be useful to Russia, particularly these days.
It is still ok, all what is important is to render US dollar useless across the world.
R we entering barter system?
Printing to many paper and worth less than work for paper with interest high levels without keeping real money can survive?
the time for using gold as an accesory is over, that gold is a useful resource for the development of technology. whoever holds the gold has a longer path to newer tech.
The Anglo will shivering and tremor if China and India work together
India China must work together not only for themselves but also for rest of the world. For those who have been used, exploited, looted by usa, europe. Many countries look up to BRICS to bring more fairness, working together, growing, developing together and BRICS is the special organisation to tackle this.
As Dr S Jaishankar said "Too many are in mercy of few". BRICS is an special organisation to tackle this.
Not really
There’s only 1.5 trillion worth of gold in the world. Not enough to sustain a global economy and anyone with a large enough army could just take other countries gold. Fiat currency exists for a reason.
Your 1.5 trillion figure is based off of fake digitized currencies...
That’s not how it works😂 the worth as you put it will go up as more and more countries buy
The dollar will never be completely replaced as a viable currency. However, it's importance as the fiat will diminish from about 70% use world wide, to approx. 30%. Gold, and other commodities will replace the major influence of the dollar. The US weaponizing the dollar has turned our currency into a liability. Also, the increase in gold reserves is approx. 3 - 4% a year which would help control inflation. The US became the gold depository for many nations who were afraid of being "robbed". Our gold depository has not been inventoried for over 50 years - do we think the gold is still there? German, France and others have asked for their gold back, and can't get it.
@@kentmusgrove5038 The dollar really hasn't even been around more than a couple centuries and it's already fake....hahah how would you try to say it will "last forever". It's dead even in America.
Very few people here understand it.
Some cash is going to Crypto. Some going to gold 2 questions: Will the BRICS currency that will be announced in October be somewhat backed by gold? Second, does India make a fair profit by buying Russian oil and re-selling to Europe?
I don’t agree with that because gold is a limited quantity resource!If we live by gold standard we didn’t have any loans to buy houses!
Ms Sharma your coment section is hacked by chinese bot's I think
Outstanding work China. As a proud Indian🇮🇳, I love ♥♥♥ and respect Palki Sharma's incredible work on the story *How British looted 45 trillion from India* which is an amazing masterpiece. The content is truly inspiring and I really enjoy watching it. Many people appreciate the dedication, talent, and hard work that went into creating the video. The Indian Union Public Service Commission has also produce a remarkable report titled संघ लोक सेवा आयोग *How Britishers killed 1.8 billion Indians. Chronology of British Raj's exploitative policies* | UPSC" is equally astounding work. The Indian government consistently produces insightful and thought-provoking articles of the utmost caliber. I sincerely hope they continue to create such captivating and exceptional work. Can it get any better than that? They should receive an award for best article of the year. Thank you for speaking the truth.
If you look up which country was conquered the most. The answer is India.
India holds the largest surrender record in world history with a billion of them surrendering to 300 British sailors for 211 years.
For those who havent read the Indian government's Commission's report on how 1.8 billion Indians were unalived by the British Here is a short summary
First, it was done over a very long period of 200+ years. Not all in one go. And it was the British policies and laws implemented that killed 1.8 billion Indians, not that they were executed
The two main policies that wiped out 1.8 billion Indians are:
1: Allocation of food: Since the British were at war all the time, they didn't have people to do the farming. They made India do agriculture and then take it away. causing a massive famine every week.
2: Plundering of India's natural resources The British forced Indians to mine all the natural minerals in their country and carry them to the ports to be shipped back to England every day. extremely dangerous jobs, and these poor Indians weren't fed, and hundreds of millions succumbed to the exhaustion.
The whole of India was ruled by only a handful of Britishers. Why India chose to never fight back baffles many to this day. Maybe India is just obedient by nature.
Digital will replace the USD. The gold is merely to create a sense of trust as every country will need a modest amount to back up thier own place in the Digital Currency World.
This is not the first time that the world is practicing the idea of gold, unfortunately it failed before
Kick the donkey dollar. Use gold
Sanction the Yankee Dollar > like the US sanctioned many 2nd and 3rd countries behind closed doors!
Should be a mountain of gold discovered soon then everyone can fight for it 😂
Dollar is a Hoax..
I will be forever grateful to you, you have changed my entire life and I will continue to preach in your name for the whole world to hear that you saved me from a huge financial debt with just a small investment, thank you Nicole Brusher
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TELEGRAMS
@Brusherfx
Gold is trust, Dollar is toilet paper. It depend on what you need. For trade, you need trust, meaning gold. For wiping your butt, you need dollar.
You just nailed it. well said
I like it ,WIPING BUT😅
Robert Kiyosaki ????
Your butt will always remain filthy 🤣🤣🤣🤣🤣🤣🤣
India is buying Gold because its athletes are incapable of winning Gold at the Olympics. The country is filled with overweight and lazy kids. 🤭🤣😢😭
Africa should have more Gold than every country on Earth. Question is why don't they?