BRICS Gold Reserves and US Dollar: What Holding Half of Global Gold Means for Dollar Dominance
Through the accumulation of the precious metal, a major economic bloc of developing countries, including Brazil, Russia, India, China, and South Africa, is quickly moving away from the US dollar and toward gold. BRICS gold reserve and production Despite legally holding about 20% of the world’s gold reserves, the BRICS countries and its strategically linked … Read more