GLOBAL RESET? Gold-Backed “Unit” Tested to Challenge Dollar in BRICS Trade | Andy Schectman
GLOBAL RESET? Gold-Backed “Unit” Tested to Challenge Dollar in BRICS Trade | Andy Schectman
Liberty and Finance: 9-8-2026
Andy Schectman joins Liberty & Finance with a stark warning that global investors are increasingly losing confidence in U.S.
Treasuries while central banks continue accumulating physical gold. He argues that inflation, monetary expansion, soaring energy costs and persistent bond-market weakness are creating conditions that could drive substantially higher prices into late 2026 and 2027.
Schectman also highlights a deeply negative one-year silver swap spread, suggesting that physical silver is becoming increasingly expensive to borrow as holders become reluctant to part with their metal.
Meanwhile, he points to BRICS infrastructure, China’s expansion of physical gold settlement and the reported pilot use of the BRICS “Unit” to settle UAE-India oil trade without the dollar as evidence of a gradual shift toward parallel financial systems.
As the world quietly repositions around gold, silver and alternative settlement mechanisms, Schectman says investors need to look beyond short-term price movements and recognize the much larger monetary transformation underway.
INTERVIEW TIMELINE:
0:00 Intro
1:40 Counterintuitive gold market
18:30 Dollar destruction
24:50 Diesel price shock
35:45 BRICS Unit