it will be held in Johannesburg, South Africa.  Back on July 5th, RT sparked a firestorm of rumors when it reported that a decision to introduce a new BRICS currency that would be backed by gold would be made prior to the upcoming summit in Johannesburg…

BRICS is set to introduce a new currency backed by gold, in contrast to the credit-backed US dollar, with the decision coming a month ahead of the bloc's summit in Johannesburg. With the growing initiative, more and more countries are lining-up to join the group.

In the aftermath of that report, many prominent voices were warning that the U.S. dollar was in big trouble.