Arcadia Economics: BRICS Summit Preview, China to Move Towards Internationalizing Yuan, with Gold as Collateral

As the much-anticipated BRICS Summit draws near, global financial circles are buzzing with speculation about the key announcements and strategic shifts likely to emerge. Among the most intriguing prospects, according to insights shared by Vince Lanci on Arcadia Economics, is a significant move by China to bolster the international standing of its currency, the Yuan, leveraging the age-old bedrock of value: gold. Lanci’s analysis, detailed in a recent Arcadia Economics show, reveals that Beijing is poised to begin unveiling the foundational infrastructure for its ambitious plan to internationalize the Yuan (CNY). What makes this initiative particularly noteworthy – and potentially…