As BRICS Embraces Gold, Should the US Consider a Gold-Backed Dollar?
Adopting a gold-backed dollar isn’t just about returning to traditional monetary practices; it’s about adapting to the world becoming increasingly multipolar.
gold standard
Why Trump Wants Canada and Greenland
By floating ideas of territorial acquisition, Trump highlights the United States’ desire for reliable, domestic-adjacent sources of minerals that underpin everything from electric vehicle batteries to advanced military hardware.
Florida Considering Legislation to Recognize Gold and Silver as Currency
Florida’s exploration of gold and silver as currency aligns with a return to sound money principles.
Gold Price Reaches New All Time High
Gold has surged to a new all-time high of over $2,555 per ounce, driven by economic uncertainties, expectations of a Federal Reserve rate cut, and increasing demand as a safe-haven asset. ING projects gold to average $2,700 by 2025, supported by geopolitical tensions, lower interest rates, and rising central bank purchases.
BRICS Demand Driving Gold Prices and Dumping US Treasuries
In 2024, China alone offloaded $53.3 billion worth of US Treasury bonds while accumulating substantial amounts of gold.
mBridge and Alloy by Tether Bring Tokenized Physical Gold to Digital Currencies
Various developments in emerging finance are implementing gold-back digital currencies and tokens.
BRICS: Developing Platform for National Currency Transactions
Speaking at a BRICS meeting, Russian Foreign Minister Victor Lavrov told attendees that BRICS is prioritizing the creation of a platform that will enable member states to conduct cross-border transactions in national currencies.
Fed Report Admits that Gold is Displacing the Dollar in Central Bank Reserves
Earlier this week the Federal Reserve released a report that showed at least 37.5% of foreign central banks are moving away from the dollar as their main reserve currency in favor of gold.
Why did RBI Repatriate 100 tons of Gold?
Economist and a member of the Economic Advisory Council to the Prime Minister of India, Sanjeev Sanyal, said on Friday that India will now hold most of its gold in its vaults. Citing the decline in confidence in dollar assets among central banks as one of the prime reasons
Zimbabwe Launches Gold Backed Currency to Replace Dollar
To help battle the latest round of inflation, the Central Bankers and politicians are turning to the oldest form of money known to civilization. This week, Zimbabwe launched a new “structured currency” backed in part by gold.