Beaver Creek: ‘Paper gold is over’ as BRICS build dollar-free payments

Beaver Crrek, Colo. – Canadian dealmaker Frank Giustra says the age of paper gold is ending as BRICS nations stand up a parallel financial system that routes around the U.S. dollar and prizes deliverable metal. “We’re now, believe it or not, in the era of hard money,” Giustra said Tuesday in a conversation with Alex Deluce of the Ontario-based bulletin Gold Telegraph at the Precious Metals Summit. “If you own paper gold, you do not own gold. When the crunch comes, it will not be there.” China and partners among the BRICS (Brazil, Russia, India, China and South Africa) nations...