Elite US economist warns: dollar system is weakening as gold BRICS rise

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The potential BRICS currency is indeed affecting gold prices in October 2024. Gold has reached new all-time highs, surpassing $2,750 per ounce, driven in part by speculation about a gold-backed BRICS currency that could rival the U.S. dollar.

The ongoing BRICS summit in Kazan, Russia, has put gold markets on high alert, as a key agenda item is the potential use of a gold-backed common currency. BRICS nations, which collectively hold over 20% of the world's gold reserves, have been aggressively purchasing the precious metal, fueling speculation about their currency plans.

While a unified BRICS currency may not be imminent, the discussions around de-dollarization and the creation of an alternative to the U.S. dollar are supporting gold's appeal as a safe-haven asset. As the global financial landscape continues to shift, gold prices are likely to remain sensitive to developments in the BRICS alliance.
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100 BRICS currency = 2g Gold
100 Dollars = 2 Banana

BrandyHeng
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Waooo fantastic reaction by Modijee, Doller had gone to Amazon marketplace, hah, hah, hah, Jungle animals are staying to eat of American doller,

HaruAhmed-mbwi
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USA indiscriminately sanctions on sovirign Nations , others searching other options, decline of doller is inevitable.

balakrishnarao
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THANKS YOU BRICS FOR TRUE LOVE FOR AFRICA AND WORLD THANKS PUTIN VIVE BRICS VIVE PUTIN VIVE CHINA 🇷🇺🇨🇳🇸🇦🇮🇳🇧🇷🇺🇬🇿🇦🇮🇷🇪🇹👍🏻

nanaegorasta
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Get those credits cards and max it out in east Asia!.invest now😅

heavenNow
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💚🐉 🌼🐉💚
🌻 Thanks 🌻
Cuba & n-Korea
Are Welcome
🌍 🇨🇳💚🇷🇺 🌎
Confucianism
Meritocracy
Marxism
💙☸️☯️☸️💙
Wish 🧞I was
Chinese.
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