TL;DR Breakdown BRICS nations (Brazil, Russia, India, China, South Africa) are accumulating significant amounts of gold, potentially threatening the U.S. dollar. Four of the BRICS countries are among the largest gold producers, allowing control over gold prices. The BRICS bloc is encouraging trade in local currencies, promoting a shift away from the U.S. dollar. Description The power dynamics of global currency are perpetually in a state of flux, but one constant has been the steadfast position of the U.S. dollar as the world’s reserve currency. Yet, even this might be under threat. A shadow has crept over the American financial landscape, and it’s shining with the luster of gold. The … Read more The power dynamics of global currency are perpetually in a state of flux, but one constant has been the steadfast position of the U.S. dollar as the world’s reserve currency. Yet, even this might be under threat. A shadow has crept over the American financial landscape, and it’s shining with the luster of gold. The BRICS countries (Brazil, Russia, India, China, South Africa) are hatching a plan…