There has been discussion this year among BRICS countries – Brazil, Russia, India, China, and South Africa – to launch a new gold-backed currency in an effort to unseat the U.S. dollar as the world’s reserve currency. And with the 15th annual BRICS summit set to take place from tomorrow until Thursday, many market experts are monitoring these discussions to determine the likelihood of a potential new international standard currency. That’s why several of my guests over the course of our “summer series” have expressed concerns about the future of the dollar. So today, we’ll reflect on their thoughts about the potential impact of the BRICS phasing the dollar out of the global economy…
#brics #gold #usd #currency
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