BRICS Is Quietly Moving Away From the Dollar — and Gold Is the Key
The BRICS bloc (Brazil, Russia, India, China, South Africa — plus aligned partners) is accelerating its shift away from the U.S. dollar, and gold is playing a central role in that strategy.
Here’s what’s happening 👇
BRICS and partner countries now account for around 50% of global gold production and more than half of all central bank gold purchases between 2020–2024. That’s not a coincidence — it’s a deliberate move toward de-dollarization.
Gold holdings are already massive:
Russia: ~2,336 tonnes
China: ~2,298 tonnes
India: ~880 tonnes
Total BRICS reserves: 6,000+ tonnes
Brazil has also re-entered the gold market, adding 16 tonnes in September 2025, its first increase since 2021.
At the same time, BRICS is testing a new settlement unit — pegged 40% to gold and 60% to member currencies — signaling a push toward trade and pricing systems that bypass the dollar entirely.
This isn’t theoretical anymore:
Russia–China trade is now mostly settled in rubles and yuan
Gold is increasingly used as a hedge against dollar volatility, sanctions risk, and geopolitics
Big picture: BRICS is laying the groundwork for a parallel financial architecture, anchored in physical gold and alternative settlement rails. Whether this weakens the dollar long term is still debated — but the direction is clear.
Gold isn’t just a reserve asset anymore. It’s becoming a strategic weapon in global finance.
