BRICS Dumps the Dollar: Russia Now Holds 35% of Its Reserves in Gold
Let me tell you something that should send a shiver down your spine—Russia now holds 35% of its foreign exchange reserves in gold. That’s over $217 billion worth of the shiny stuff, sitting tight in vaults, not in greenbacks.
You think that’s just about Russia? Think again. This is part of a massive, coordinated shift by BRICS nations—Brazil, Russia, India, China, and South Africa—who’ve had enough of the US dollar and the instability it drags along.
I’ve been in this business for over 40 years, and I’ve seen fiat currencies come and go, inflation chew through savings, and governments lie through their teeth. But what’s happening now? This is the biggest monetary rebellion of our lifetime.
Why BRICS Is Breaking Up With the Dollar
Since 2022, BRICS countries have been on a gold-buying spree, scooping up tons of bullion month after month. Why? Because they see what’s coming.
The US dollar isn’t just a currency anymore—it’s a liability. When you hold dollars in times of crisis, you're holding a ticking time bomb. If markets crash or the Fed overprints (which they’re already doing), those dollars lose value faster than a used car driving off the lot.
Now, when countries like Russia and India dump their dollars and grab gold, they’re not just hedging against inflation. They’re sending a message: “We don’t trust your system anymore.”
Gold Doesn’t Default
Unlike fiat currencies backed by promises and IOUs, gold doesn’t default. It doesn’t get devalued overnight by a central banker in a suit. And it sure as hell doesn’t depend on whether Congress can pass a budget.
That’s why BRICS is turning to local currencies and physical assets like gold—to protect themselves from the debt-loaded, overleveraged, dollar-based system that's kept the global South under its thumb for decades.
I grew up in a time when a dollar meant something. But these days? The dollar is like a wet paper towel trying to hold up a brick house. The BRICS alliance knows it, and they’re getting out while they still can.
Is a Gold-Backed Currency on the Horizon?
There’s talk—and not just whispers—that BRICS could soon roll out a new gold-backed currency. Think about that. A currency with actual value, not smoke and mirrors. That’s the kind of move that could knock the dollar off its global pedestal.
And guess what? That’s exactly what Washington fears. If BRICS ditches the dollar for trade and launches its own system, the ripple effects in the U.S. would be massive:
- Exploding inflation
- Skyrocketing food prices
- A devastated middle class
Sound familiar? That’s not a conspiracy theory. That’s basic math when confidence in a reserve currency starts to collapse.
But Frank, What About Gold Stocks?
Sure, I hear the Wall Street crowd chirping, “But Frank, gold stocks are volatile!” Look—I’ve lived through '08 and the COVID crash. You know what made it through both of those storms? Not tech stocks, not crypto, not Treasuries—gold did.
Gold doesn't need an earnings report to justify its worth. It just is. And now entire countries are backing their economic future on it. That should tell you everything you need to know.
Final Thoughts: Protect Yourself Before the Storm Hits
If you're sitting on a pile of dollars thinking you’re safe, it’s time for a wake-up call. The world is moving on from the dollar, whether we like it or not.
Gold and silver are no longer optional. They’re essential.
This is why I keep hammering this point: Protect yourself now. Don’t wait for the news to finally admit we’re in trouble—by then, it'll be too late.
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