Historically, the life span of a world reserve currency is about 80-100 years. So, it’s no surprise that the BRICS countries, who now represent over 40% of the world population and oil production, would be working together to replace the US Dollar with a new trade currency, likely one backed by commodities including gold. As our first-time guest on Retirement Lifestyle Advocates radio, Mr. Kevin Demeritt, suggested, this could push the price of gold to as much as $5,000 an ounce in the next 2-3 years. He talks with your host, Dennis Tubbergen, about how central banks around the world are accumulating gold at volumes not seen in 50 years.
As the Founder of Lear Capital, Kevin DeMeritt's knowledge of economic cycles, financial trends, sovereign debt, and diversification strategies has helped to establish Lear as one of the most highly respected and routinely endorsed precious metals companies in the country. With his roots in international banking, Kevin DeMeritt has consistently demonstrated an uncanny ability to anticipate financial trends and help investors profit accordingly. A respected analyst, a sought-after financial expert, and a celebrated author, his book The Bulls, The Bears and The Bust, predicted the market crash of 2001 and the ensuing rise of gold as a safe haven investment.