Efforts by China, India, Russia, and other BRICS nations to reduce reliance on the US dollar have accelerated rapidly โ and the impact is already becoming visible in the gold market.
๐ Why is pressure building on the dollar?
โข ๐ฎ๐ณ India is selling nearly $50 billion worth of US assets
โข ๐จ๐ณ China has sold $71 billion in US Treasury bonds, reducing its US debt exposure
โข ๐ท๐บ Russia is conducting its oil imports and exports in local currencies
โข ๐ฎ๐ณ India has opened rupee-based trade accounts with over 20 countries
โข ๐จ๐ณ China has officially stated that global trade should increasingly be settled in yuan
โข ๐ China has already finalized non-dollar trade agreements with nearly 40 countries
China is currently considered the largest global trade hub, where trillions of dollars flow through trade and investment. When China signals that โthe world should not rely on the dollar alone,โ global markets take notice.
โก BRICSโ Strategic Move โ A Global Game Changer?
This coordinated BRICS strategy sends a clear message:
โ๏ธ Dependence on the US dollar will decline
โ๏ธ Downward pressure on the dollar will increase
โ๏ธ Capital will rotate into safe-haven assets
โ๏ธ And the biggest beneficiary? ๐ GOLD ๐ก
๐ This is precisely why weโre already seeing an early boost in gold prices today โ which could be just the beginning of a much larger move.
โ Question for the comments:
Do you believe gold is about to outperform the US dollar in the coming cycle?
Or will another currency emerge as the new global trust standard?
