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Jim Rickards: The BRICS go their own way
11:35a ET Saturday, May 31, 2025
Dear Friend of GATA and Gold:
At the Daily Reckoning today financial analyst and author James G. Rickards takes note of the annual BRICS+ leaders conference to be held in Brazil next weekend. The conference won't produce a new gold-backed currency, Rickards writes, but it doesn't have to, since the BRICS+ countries are already treating gold itself as a currency.
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Widening their trading zone, he argues, is a step toward preparing a new currency zone and escaping Western financial systems.
Rickards' commentary is headlined "The BRICS Go Their Own Way" and it's posted at the Daily Reckoning here:
https://dailyreckoning.com/the-brics-go-their-own-way/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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