______________________________________________________________

____________________________________________________________________

(Kitco News) – A global financial reset is coming, and under a new system, gold could get revalued to up to $150,000 an ounce, said Andy Schectman, President and Owner of Miles Franklin Precious Metals, adding that this week’s BRICS annual summit could be a potential trigger.

Schectman told Michelle Makori, lead anchor and editor-in-chief at Kitco News, that one inevitable outcome of the accelerating de-dollarization trend is a new one-world system in which a hard asset like gold will get revalued.

“The system, as we know, is going to change, and the people pulling the strings are the most powerful in the world,” he said. “A one-world system. Maybe everything is transacted over a CBDC [central bank digital currency] network.”

Schectman pointed to reports that the BRICS nations are considering introducing a new global currency system, tentatively called the ‘Unit’.

According to a whitepaper, the ‘Unit’ would be pegged 40% to the value of gold and 60% to a basket of BRICS national currencies. It is designed as an “apolitical currency,” addressing the concerns of countries weary of the politicization of the U.S. dollar.

Schectman also noted that since 2022, BRICS countries have been utilizing the Bank of International Settlement’s (BIS) project mBridge, a multi-central bank digital currency platform developed by China, Hong Kong, Thailand, and the UAE under the BIS Innovation Lab.

This platform has been used as an alternative to the SWIFT network, from which both Russia and Iran were previously cut off due to sanctions.

Schectman highlighted that Saudi Arabia has become a full participant in Project mBridge.

“Let’s call it a quickening, if you will, an acceleration of this de-dollarization movement and into a new system. That potentially could indeed be backed by gold,” Schectman stated.

Schectman has not ruled out that the coming reset could be part of a globalist agenda. “Maybe they want this system. The World Bank and Klaus Schwab type of agenda. Maybe they realize this needs to be done to maintain control,” he said. “That can be a globalist agenda. Maybe all of these groups are wolves in sheep’s clothing? Or the Trojan horse? What they are talking about is a new system.”

Watch the video above for Schectman’s thoughts on the new one-world system, how we get there, and the role the ‘Unit’ and project mBridge play.

These developments come ahead of the 16th annual BRICS summit being held in Kazan, Russia, on October 22-24.

Watch the video above for Schectman’s breakdown of who is attending the summit, what’s on the agenda, and the major announcements to watch, including the new alternative common currency and new members.

“The most probable outcome is, unless we beat them to the punch, that something happens where there is no longer an incentive to own U.S. dollars or Treasuries,” Schectman said.

Gold to get revalued to $150k an ounce – how is it possible?

The growing U.S. national debt has accelerated the global de-dollarization trend, with America’s public debt approaching $36 trillion.

“The dollar is being eviscerated. We are now creating a hundred thousand dollars of debt per second or a trillion in debt every 90 days. We’re destroying the dollar,” Schectman said. “Countries are pushing back against the West, the mismanagement of the dollar, the weaponization of the Treasury.”

BRICS members, along with other central banks around the world, have been accumulating gold at near-record levels these past several years. In addition, central banks worldwide have also been repatriating gold to store it within their own borders.

“A simple Google search will show you central banks bringing their gold back from the Bank of England and the New York Fed – Germany, Austria, Slovakia, Argentina, the Netherlands, Saudi Arabia (just a few weeks ago), Hungary, Hungary, Belgium, Egypt, Senegal, Romania, Nigeria. Poland, Ghana, India … Turkey, France, Serbia, Venezuela, Algeria, Cameroon, South Africa, Czechoslovakia. The list goes on.” Schectman said. “The conventional wisdom will tell you that’s because of the weaponization of the Treasury market. That’s probably part of it. But if you look deeply at the new proposed settlement currency, the ‘Unit,’ it talks about how countries can mint this new settlement token using the gold held within their borders.”

Schectman outlined four scenarios of how this potential global financial reset could play out.Watch the video above for insights.

“Option four is to revalue the level gold is priced at. Suppose the U.S. holdings are above 8,000 metric tons, which hasn’t been audited in forever, by just revaluing gold to a level that makes our balance sheet balanced with the liabilities with our now higher asset level. In that case, it’s a different game,” Schectman described. “You put gold at $150,000 an ounce. As crazy as that sounds, your balance sheet is now pristine.”

For Schectman gold price outlook,watch the video above.

“If you are trying to reset the system, you destabilize what made this country great and what incentivized people for years to want to invest in this country. The banks that are over-leveraged and under-capitalized, the insurance companies, the real estate market, the bond market, and the stock market all implode simultaneously. You issue your new CBDC pegged to gold. And there you are,” he said. “Gold will go to a level no one thinks possible, and it will be pegged to a new system and never come down.”

Schectman pointed out that this new one-world system can come about via a central bank digital currency (CBDC).Watch the video above for insights.

“It is obvious that we’re moving towards a CBDC system. Countries that comprise 99% of global GDP are exploring a CBDC. Ultimately, that is where we are going,” he said.

This video is brought to you by Goldback — Inflation-resistant, 24K gold currency.

Learn where to get Goldbacks at https://www.goldback.com/

______________________________________________________________