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Dear Concerned Friend,
Brazil, Russia, India, China and South Africa (BRICS) are negotiating
a shared currency that could challenge the dollar's dominance. While
China has been pushing de-dollarization for years, experts are warning
that the BRICS currency is a "threat unlike any other."
The Russian state-owned news agency announced that BRICS is working on
developing a new global currency to replace the US Dollar. They said
that the new currency would be backed by precious metals like gold.
Brazil's President backed the idea, saying, "Who was it that decided
that the dollar was the currency after the disappearance of the gold
standard?"
As the BRICS alliance continues to expand with the inclusion of 24
more countries including Saudi Arabia and Iran, the dollar's dominance
in global markets could soon be a thing of the past.
Experts have warned that if the US dollar loses its status as the
world's reserve currency, it could have drastic consequences for the
US economy. With its ability to borrow money cheaply curbed and its
influence on global markets diminished, the US could be forced to live
within its means – a stark contrast to the debt-led growth it has
enjoyed for decades. A weaker dollar could lead to higher interest
rates, slower economic growth, and decreased foreign investment.
Learn more about BRICS currency, as well as inflation and banking
risks, with our free report: How to Protect Yourself From a Declining
Dollar.
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CLICK HERE TO DOWNLOAD OUR FREE REPORT NOW!
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We, at Preserve Gold, want to make sure we not only provide you with
the tools and investment options necessary to help you protect wealth,
but also the financial education so that you can make informed
decisions regarding your financial future.
CLICK HERE TO DOWNLOAD OUR FREE REPORT NOW!
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Your dedicated precious metals team,
Preserve Gold
Sources: Market Insider, Foreign Policy
Preserve Gold, 21600 West Oxnard Street, Suite 870, Woodland Hills, CA
91367, United States
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