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Creating A Brics Currency Backed

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

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

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

Investment Strategist Lyn Alden Believes

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.

BRICS Summit Preview: experts dismiss gold-backed common

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

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

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

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

Despite Growing Media Hype

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

BRICS Gold-Backed Currency Will Fail, Says Analyst

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