BRICS Could Capitalize as Confidence in US Dollar Shrinks
The US dollar no longer commands unquestioned trust, according to some analysts and BRICS nations could take advantage of that.
BMO Capital Markets analysts put it bluntly: “The US dollar is no longer seen as a reliable reserve asset.” That statement echoes a growing global sentiment.
Rising US deficits, constant tariffs, and economic pressure on smaller countries are sparking doubt. The result? A shift away from the dollar’s dominance in trade and finance.
Investors Search for Stability in Turbulent Times
Markets aren’t reacting well to this uncertainty. Investor confidence is shaky, because people want something they can trust.
Gold is back in the spotlight. It’s proven, stable, and untouched by political games. “Gold has never been debased,” analysts noted. “It holds value where currencies fail.”
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As equities crash and the dollar slips, gold shines. It’s a lifeline for investors and a powerful tool for nations looking to break free from dollar dependence.
BRICS Moves Toward a Gold-Backed Trade Era
For BRICS, this is more than a currency play. It’s about building a parallel financial system. One that runs on local currencies and hard assets like gold.
Russia and China already lead in gold reserves. Others in the bloc are catching up fast. A gold-linked trade model could bring new trust and attract other emerging nations.
Backing trade with a trusted asset like gold protects against dollar swings. It gives BRICS leverage and boosts regional independence.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a "detective-like" mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
