Part 4/10:
The Emergence of a BRICS Currency Backed by Gold
Beyond tangible assets, a profound transformation is underway—the potential creation of a new BRICS-backed currency, reportedly to be gold-backed. China, already the world's largest gold producer and purchaser, is making decisive moves, accounting for approximately two-thirds of global gold buying activity.
Central banks within BRICS are reportedly acquiring significant gold reserves, a trend that has accelerated in recent years. Over the past decade, central banks' share of the world's gold holdings has surged from just 4% to 35%. This rising gold accumulation hints at a strategic intent to hedge against the declining US dollar and to establish an alternative currency system.