Transcript of the above video: 

As the title of this video suggests, we are discussing Gold and Thailand. I'm going to go ahead and jump in on this, and then we'll do the analysis. Quoting directly from a recent article in the Thai Examiner, that is thaiexaminer.com, the article is titled: Commerce Minister Suphajee talks about gold in an economy and world driven by US-China trade rivalry. Quoting directly: "Thailand is betting its future on more than exports, with the Government using gold, diplomatic neutrality and expanding trade deals to strengthen the Kingdom's position as global rivalry between Washington and Beijing reshapes International Commerce. Gold has emerged as far more than a traditional safe-haven investment, with Deputy Prime Minister and Commerce Minister Suphajee Suthumpun declaring it a strategic asset at the heart of Thailand's future economic ambitions as US-China rivalry reshapes global trade. She argued Thailand is well placed to capitalize on the changing world economy through diplomatic neutrality, expanding free trade agreements and stronger supply chains. Her intervention comes as exports continue to surge, gold remains one of Thailand's most valuable export earners and millions of Thai families still rely on the precious metal as a trusted store of wealth." 

I have actually been in some back and forths with some not unnoteworthy folks on Twitter about this. I think at the end of the day, Thailand is set, and the title of the video Thailand and gold the Barycenter of an emerging economic order, I have talked on this channel about the mBridge system that was rolled out which there are nodes along what I call or what Halford Mackinder called The World Islands structure. There is sort of the Rim Land - we're here in the Rim Land, and Hong Kong, Bangkok, Dubai with the sort of participation of mainland China, are setting up this system of basically capital transfer for trade matters that in my opinion is probably going to become increasingly important as time goes on. I have noticed from sort of Western narrators if you will that they're trying to say, "well Singapore is going to be part of this." I'm not seeing it. I see Singapore as a node or maybe if you will a forward area, or an enclave of the West that is trying to interact with the global South, and East Asia and Southeast Asia. To one degree or another I think it will be successful but it's not the same thing as what we are talking about emerging here along mainland Southeast Asia, especially, and East Asia for that matter, and the global South.

Thailand, I think is going to be at the epicentre of all of this. I mean if you go to Chinatown, that's the heart of the gold trade here in Southeast Asia. I don't see it becoming less vibrant. If anything, I think more and more as time goes on, we are going to see capital flowing into this area, flowing into Bangkok, and especially as more and more of these rail line systems come online, the air infrastructure continues to improve, we see increasing trade throughout the region, I think really Thailand is going to be at the epicentre of all this, and I think this is good policy by the Government by the way to be looking at Gold rather than the old system. And more than anything, what I think people aren't understanding, there is all this debate out there, "oh the dollar is coming to an end, it's going to be a new system without the dollar". No, what is coming to an end is what heretofore has been referred to as the reserve currency system, which essentially came to the forefront in the aftermath of Nixon closing the gold window in the early '70s. 

Now if you go back to the Bretton Woods system in the aftermath of the Second World War, yes, we had a reserve currency system but it was very rigid and quite honestly, I would argue it wasn't even a reserve currency system. It was using the currency system to provide a framework for honest and fair trade in true value, i.e. goods and services.

Another big YouTuber, he's on X as well etc., is George Gammon, the rebel capitalist guy; tip of the hat to him. He talks about this a lot, that currency is not the metric of wealth. It's goods and services, and the production thereof. Much like, tip of the hat to Alistair McLeod of McLeod Finance out there; again, he is all over X, all over YouTube. Similar to the way that he says GDP is not a good metric of national growth, national trade, frankly national value in terms of wealth, because it's all a function of bank credit. The reserve currency system is a similar thing and it is a system that is ending in my opinion. I don't think it's ending dramatically, the sky is not falling, but we are shifting and Thailand is sitting in the middle of this shift. I often analogize Thailand's position to sitting in the middle of a kaleidoscope and watching everything spin around it. I think that is what we are going to see going into 2027 and beyond, as the world shifts away from this old system that utilized other countries' debt as reserves for other countries on going trade and currency, interactions. I think that is going to end, and I think we have actually seen it in the form of telltale signs or harbingers of this in the form of the Bank for International Settlements relabeling gold a Tier 1 asset. And at that point forward, Central Banks could start onloading gold as assets on their balance sheet that would be considered Tier 1 by BIS's standards. I think that's just one indicator.

Overall though, I think it is very clear, China has continued accumulation of gold as well as other factors that are occurring in the global South, as well as quite frankly in the Gulf, in the Middle East. We are seeing all of this translating into a shift, albeit again somewhat slow, toward a new system. And I think Thailand is at the epicentre of it, and I think Thailand is making a wise choice by looking at gold as a way of dealing with all of this change and all of the possible rivalries that may pop up between the United States and China or between many other nations throughout the world as things evolve.