BRICS Leverages Gold Reserves to Undermine Dollar Dominance
BRICS nations are orchestrating a seismic shift in global finance by weaponizing Gold reserves against dollar hegemony. China, Russia, India, and Brazil now control nearly 50% of worldwide gold production, with central banks absorbing 800 metric tonnes ($105B) in 2025 alone. Record prices surpassing $4,400/oz underscore the strategic pivot toward tangible assets.
The alliance's de-dollarization blueprint combines aggressive bullion accumulation with plans for a potential common currency. Russia's 2,336-tonne stockpile and China's 2,298-tonne cache FORM the bedrock of this financial insurgency. Even Brazil rejoined the gold rush, acquiring 16 tonnes in September after a four-year hiatus.