Will the BRICS Currency Use a Gold Standard?

07-11-2024 • Mish Talk

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The Brics will go on a gold standard.
By every definition of the word this person can think of.
For key commodity regional international trade.
The gold standard will likely be 40% backed at minimum physically.
It will also possibly be backed up to 60% based on the future… pic.twitter.com/W0OeV2JZEA
— VBL's Ghost (@Sorenthek) July 9, 2024

BRICS Claim

The Brics will go on a gold standard. By every definition of the word this person can think of. For key commodity regional international trade. The gold standard will likely be 40% backed at minimum physically. It will also possibly be backed up to 60% based on the future weightings of gold in each members nation's submitted currency to the BRICS unit basket.