BRICS Currency To Be Linked Not Backed by Gold Says Rickards

In a recent conference, renowned economist Jim Rickards shared a promising outlook on the future of the BRICS currency. He highlighted that the new currency might be “gold-linked”, emphasizing the strength and stability it would bring to global markets. Rickards clarified that while the US possesses more gold, it wouldn’t be advantageous for BRICS to be merely backed by gold. Instead, being “linked to gold” offers an edge, drawing upon gold’s consistent value and minimal volatility.