The expert referred to gold prices reaching a new historical maximum above $2700.
The previous ATH for the precious metal was recorded in 2020, when the world faced a pandemic that required the world's leading central banks to cut interest rates and launch quantitative easing programs.
In September, the Fed began its easing cycle with a 50 bp step, the first time since March 2020.
Kaiser expects BRICS to launch 'gold-backed US dollar killer' at upcoming summit in Russia
In July, the organization announced its intention to create a blockchain-based payment system to weaken the dominance of the USD and SWIFT.
Earlier, Bernstein linked the rally of the first cryptocurrency with the increased chances of Donald Trump winning the US presidential election in November.
Let us recall that Keiser predicted Bitcoin would rise to $220,000 back in 2021.
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