Brics Gold Backed Currency Will Fail Says Analyst
The World Gold Council reported
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
Investment strategist Lyn Alden believes
Why a BRICS Currency Won’t Replace the Dollar Anytime Soon
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
A gold
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
BRICS: Gold Will Displace the U.S. Dollar, Says Top Analyst
With rampant discussion of a
Gold-backed BRICS currency will be ‘very hard’ to deliver: Lyn Alden
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