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BRICS: Gold Will Displace the U.S. Dollar, Says Top Analyst

A gold-backed BRICS common currency is unlikely in the short term as it would require a synchronised monetary policy, experts say.

Investment strategist Lyn Alden believes a gold-backed currency issued by BRICSled by Brazil, Russia, India, China and South Africawill fail to dethrone the U.S.

Despite Growing Media Hype

BRICS Summit Preview: experts dismiss gold-backed common

Gold-backed BRICS currency will be ‘very hard’ to deliver: Lyn Alden

Despite growing media hype, a BRICS currency isn’t realistic in the near term, as economic imbalances and U.S. dollar dependency persist among member nations. China

Creating A Brics Currency Backed

The World Gold Council reported that China is the largest buyer of the precious metal followed by Russia, and India, among others. The massive accumulation led to

Creating a BRICS currency backed by gold makes no sense, says a former top Bank of America strategist. David Woo questioned what would be achieved by creating

Why a BRICS Currency Won’t Replace the Dollar Anytime Soon

With Rampant Discussion Of A

A BRICS currency backed by gold 'makes no sense whatsoever,'

With rampant discussion of a BRICS gold-backed currency, one market analyst has shared why they believe. World One News Page: Wednesday

BRICS Gold-Backed Currency Will Fail, Says Analyst