Liberty and Finance: Will BRICS Ditch the Dollar for Gold?

In a recent episode of Liberty and Finance, Doomberg offered insightful commentary on the upcoming BRICS meeting and the implications of a potential gold-backed currency. The conversation not only examined the shift in global financial dynamics and diminishing reliance on the US dollar, but also grappling with the broader economic landscape shaped by strong data and shifting fiscal policies. As the BRICS nations — Brazil, Russia, India, China, and South Africa — prepare for their forthcoming summit, discussions surrounding the potential launch of a gold-backed currency unit have taken center stage. This proposal presents an intriguing vision: a monetary system…