Lorenzo Ramírez: gold and geopolitics. The greatest refuge before the new order and the world in war?
Lorenzo Ramírez: gold and geopolitics. The greatest refuge before the new order and the world in war?
The I Global Gold Summit is celebrated. A key event that addresses the strategic role of gold in the current economic and geopolitical context. The day begins with the opening by José Antonio Vizner. Next, experts such as Miguel Ángel Early, Lorenzo Ramírez and Javier López Milan, analyze the global transition economy, gold as an active to protect wealth against inflation and monetary policies.
Lorenzo Ramírez explains that China is the largest gold buyer on the planet in the last decade, even in front of Russia and India, and that it is accumulating not as an investment, but as a geopolitical strategy. According to him, Beijing's goal is to support Yuan Digital with gold to provide it with international trust, since China cannot offer classical guarantees such as legal security or democracy. If the Yuan Digital is anchored to gold, it could become a strong currency in international trade, reducing the dependence of the dollar.
He adds that if China decides to officially implement that gold-yuan linking, this could shoot the price of gold, cause a devaluation of the dollar and sink the value of American bonds, due to a massive reserves movement. It also emphasizes that the Popular Bank of China has more than 3.2 billion dollars in its balance, and that if it redirects those reserves towards gold, it would radically change the global financial balance.
Miguel Ángel states that Yuan Digital is a geopolitical power movement, not only economic, and that it is already happening. He explains that the BRICS digital currency project, although not yet competes directly with the dollar, serves to reinforce commercial exchanges between member countries and create an alternative financial system to Eurodollar. It emphasizes that China does not seek to directly impose its model, but to gain influence by competition, offering a more efficient currency for international trade.
