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

The BRICS alliance has accumulated tonnes of gold worth billions of dollars in its reserves since late 2022. 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 speculations that the BRICS bloc could back their new currency with gold to challenge the U.S. dollar.

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