Gold is the only financial asset that isn't simultaneously somebody else's liability, making it attractive when fiat currencies are distrusted; BRICS countries don't want ruble or yuan either, so gold is the refuge.
causalpending
Speaker
Doug CaseyEvidence Quote
“It's the only financial asset that's not simultaneously somebody else's liability...they don't want the fiat currency of a bankrupt government...Nobody wants to use the ruble or yuan either. That's why gold has gone up.”
Created: 8/12/2026, 6:31:23 PM
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