The BRICS Awakening: The end of dollar dominance and the rise of gold
Cooperation areas
Source: Natural News | Original Published At: 2026-01-08 04:43:17 UTC
Key Points
- BRICS nations (Brazil, Russia, India, China, South Africa) are implementing local currency/commodity trade systems to bypass the U.S. dollar
- Expansion to BRICS+ (Egypt, Ethiopia, Iran, Saudi Arabia, UAE) creates a bloc controlling 50% of global population and 1/3 of GDP
- China's CIPS and Russia's SPFS payment systems now bypass SWIFT infrastructure
- Shanghai Gold Exchange pricing in yuan challenges London's gold market dominance
- Potential creation of a gold-backed BRICS trade currency to neutralize U.S. sanctions power