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BRICS Aims to Dominate Global Gold Reserves with 65-70% Control by 2026

BRICS Aims to Dominate Global Gold Reserves with 65-70% Control by 2026

Author:

Global Cryptocurrency

Published:

2026-01-11 10:35:01

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The BRICS alliance is aggressively expanding its control over global gold reserves, targeting a shift from 50% to 65-70% by 2026. Central Bank gold acquisitions and gold-backed trade systems are driving this strategy. The bloc's 11 member nations—spanning Latin America, Eurasia, Africa, and the Persian Gulf—have increased gold's share of their reserves by 102% since 2020.

China and Russia lead production, with 380 and 340 tonnes respectively in 2024. Combined output from BRICS and allied nations like Kazakhstan and Iran now accounts for half of global production. This MOVE signals a deliberate shift away from dollar-denominated assets.

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