Good morning: A couple days ago Russia announced publicly their intention to use Gold as a payment solution in international commodity trade. They intend to start with Grains, a food mainstay.

This post is a breakdown and summary of that announcement in total. But first here are the pertinent and all important details about how they intend to facilitate Gold in this way.

Contents: (2200 words)

BRICS Gold and the 3 Definitions of Money (Refresher)

**Golden Specifics: Breaking out the details (Pros start here)

Russian Proposal Analysis: The whole article summarized

1- BRICS Gold Satisfies All 3 Definitions of Money Now

There are 3 definitions of money. Money can be a

Store of Value

Medium of Exchange

Unit of Accountancy

Money does not have to be all three at the same time to be considered money. The Russian solution however, ambitiously proposes Gold be *all* three. And to our eyes, while there are many vulnerabilities and many risks seen and hidden, they are at least approaching the problems/risks correctly. They want to succeed. Here is how Russia and the BRICS define Gold as money