You’ve seen the clickbait. Perhaps you’ve even elevated and retweeted it: BRICS countries adopting a gold-backed money to compete with the US dollar and Euro!
But it’s basically fake news.
That said, it does bring up some interesting questions about the desirability of the US dollar, Bitcoin’s ultimate pitch as a reserve currency, the moves for geopolitical strength, and just how super inflation-jacked our global economies are.
—Niko and Yaël discuss in studio in Vienna, Austria.
For those interested further in the topic, check out Niko’s contributions to the “In Gold We Trust” Report produced by Ronald-Peter Stöferle and Mark Valek’s asset management company Incrementum AG, which also received some 🔥 on Twitter and Nostr this week for its interview with former Credit Suisse analyst Zoltan Pozsar.
Contact:
Niko: @nikojilch / nostr: npub1st4elxz4dphx2qxpuaklvs855zetnkglu8dvszdxamgqn5q3pk5svflv5p
Yaël: @yaeloss / nostr: npub15dnln6cukw3yrflnv3hnrntdt9amh0uw466u6tns05ymqp3nal4qzz3lfc
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The BRICS gold currency hoax