BlogNewsCould A BRICS Currency Be Backed By Gold?

Could A BRICS Currency Be Backed By Gold?


The BRICS nations didn’t end up announcing a new currency at their meeting this year. But Jim Rickards believes it’s still in the cards — and it could be backed by gold Continue…

BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa. The growing economic might of BRICS countries, their significance as one of the main driving forces of global economic development, their substantial population and abundant natural resources form the foundation of their influence on the international scene.

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