Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

BRICS Leaders Propose Gold-Backed Currency Reset: What It Means for Global Markets   As BRICS leaders—representing Brazil, Russia, India, China, and South Africa—gather in Russia, discussions around a gold-backed currency reset have gained traction. This move could signal a shift away from the dominance of the US dollar in global trade, potentially reshaping the global financial system.   BRICS nations have long advocated for a more multipolar financial landscape, with less reliance on the dollar. A gold-backed currency could provide a stable alternative, reducing currency volatility and inflation risks. For countries like Russia and China, which hold significant gold reserves, this could increase their financial influence.   Watch video version - https://youtu.be/gdWMFep1DCM   What Would a BRICS Gold-Backed Currency Mean?   1. Currency Stability: Pegging currency value to gold can reduce inflation and provide stability, especially in volatile markets. 2. Impact on the US Dollar: A successful gold-backed curr