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“Comex is dying”
Topic:
Brics 2025 Summit Democratizes Gold Ownership
Market Analysis:
Unlocked: The Complete Brics 2025 Summit Analysis
July appears significant for several reasons. Basel III implementation looms, although its enforcement remains uncertain. Seasonally, July has historically delivered strong performance for gold. Over the past 30 years, the metal has shown a positive average return during this month, aligning with broader summer strength in precious metals—often preceding the volatility of September.But for gold market observers in 2025, the central event is neither seasonal nor regulatory. It’s geopolitical: the upcoming BRICS Summit, scheduled for July 6–8, immediately following the U.S. Independence Day holiday.
China is accelerating efforts to internationalize the yuan using gold as trusted collateral in global trade. The July BRICS Summit will highlight a shift from rhetoric to infrastructure, featuring a decentralized network of gold vaults built outside China and controlled locally. This structure allows trade partners to settle in yuan while holding gold as a neutral, stable asset—functionally replacing U.S. dollar reliance in key payment chains.
Oil exporters and emerging economies stand to benefit. We’ve catalogued these developments partly in collaboration with Bai Xiaojun and Eric Yeung.
Our full BRICS Summit series—previously premium—is now unlocked for free subscribers.1 and continues in The Complete Brics 2025 Summit Analysis emailedthis morning
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The mechanism by which they will do so is Gold. They are democratizing Gold ownership and use as sound uncompromised collateral not just to settle Yuan backed trades, but to create the much needed infrastructure development to parts of the world held hostage by IMF infected dollar debt.
July’s BRICS Summit will quietly advance China’s gold-linked yuan settlement system, expanding beyond trade rhetoric to structural change. China aims to internationalize the yuan by offering implicit gold convertibility—especially to oil exporters—anchoring trust without formal backing. The innovation this year: decentralized BRICS-affiliated gold vaults, built abroad and held locally, enabling collateralized trade and investment flows across the Global South. Gold becomes the reserve asset, functioning like a neutral treasury bond. This new settlement architecture positions the yuan as a credible challenger to the dollar in global trade. The implications for gold pricing, liquidity, and cross-border finance are profound and unfolding.
As such we have unlocked our series for free subscribers as the first, and according to many, the best most comprehensive coverage of the upcoming BRICS summit and its core themes worth noting.
MONDAY, JUNE 239:45 amS&P flash U.S. services PMIJune53.053.79:45 amS&P flash U.S. manufacturing PMIJune51.552.010:00 amExisting home salesMay3.95 million4.0 million
TUESDAY, JUNE 249:00 amS&P Case-Shiller home price index (20 cities)April--4.1%9:15 amCleveland Fed President Beth Hammack speaks10:00 amConsumer confidenceJune99.198.010:00 amFed Chair Powell testifies to House Financial Service Committee
WEDNESDAY, JUNE 2510:00 amNew home salesMay689,000743,000
THURSDAY, JUNE 268:30 amAdvanced U.S. trade balance in goodsMay---$87.6B8:30 amAdvanced retail inventoriesMay---0.1%8:30 amAdvanced wholesale inventoriesMay--0.0%8:30 amInitial jobless claimsJune 21248,000245,0008:30 amDurable-goods ordersMay6.5%-6.3%8:30 amCore durable-goods ordersMay---1.3%8:30 amGDP (second revision)Q1-0.2%9:00 amCleveland Fed President Beth Hammack speaks10:00 amPending home salesMay0.0%-6.3%
FRIDAY, JUNE 2710:00 amConsumer sentiment (final)June59.560.58:30 amPersonal incomeMay0.3%0.8%8:30 amPersonal spendingMay0.2%0.2%8:30 amPCE indexMay0.1%0.1%8:30 amPCE (year-over-year)2.3%2.1%8:30 amCore PCE indexMay0.1%0.1%8:30 amCore PCE (year-over-year)2.6%2.5%
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