Report of New Partially Gold-Backed BRICS Settlement Currency

May 29, 2024

While gold and silver prices have rallied over the past 3 months there's been a lot of coverage about how much gold China and the central banks have been buying.

But quietly in the background, it's now being reported by Pepe Escobar that the BRICS have been moving forward a project to create a BRICS settlement payment currency. That Escobar says is now being officially examined by the BRICS Business Council and could be adopted potentially as early as 2025.

Interestingly, it fits with recent comments by former Goldman Sachs commodity chief Jeff Currie about what's happening in the oil, gold, and commodity markets, and in today's show Andy Schectman talks about the news and what he's hearing as well.

To find out more, and get caught up to speed on the latest precious metals news, click to watch the video now!

Arcadia Economics


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