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by ProllyInfamous 1072 days ago
Because BRICS will adopt a gold-backed currency to resolve oil transactions without USDollars. This should happen late August.
2 comments

Is there somewhere to read about this specific plan?
lol BRICS is a predictable failure.
You're not going to reliably bully people away from transaction their species-backed stores of value for petroleum. Particularly not dozens of non-USDollar-backed countries eager to transact differently.

See: recent price of gold and bitcoin and oil (and stock market, in general) IE: NOT USD

See, also: several countries request physical return of their alleged gold holdings