Russia recently announced the possibility of the gold market’s new bullish momentum with the introduction of a new trading currency backed by gold. This compounds the de-dollarization trend unfolding in the global economy, which included the prevalent historic pace of purchasing precious metals by central banks worldwide since the middle of 2022 to diversify their reserve […]
BRICS (short for Brazil, Russia, India, China, and South Africa), a coalition of nations opposed to NATO (North Atlantic Treaty Organization) and its empirical global dominance, has introduced a gold-backed current. This will be a major challenge to the United States dollar hegemony.