Despite growing media hype

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

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

The World Gold Council reported

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

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

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.

A gold

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

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

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

BRICS Summit Preview: experts dismiss gold-backed common

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