![Gold_currency](https://t-room.us/wp-content/uploads/Gold_currency-1.jpg)
by Quoth the Raven at QTR’s Fringe Finance
Remember back when the Russia/Ukraine war had just started, and I predicted that Russia and China would launch their own gold backed currency?
At the time, this idea sounded completely foreign, and I was ridiculed for bringing it up. Today, it just become reality. 41+ countries look like they could be returning to a gold standard.
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The images plastered all over RT this weekend had headlines like “New Money, New World” and “Gold Standard Will Be Of Great Benefit To Strengthening New Singly Currency”.
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“The official announcement is expected to be made during the BRICS summit in August in South Africa,” Kitco reported over the weekend.
“At first glance, a new transaction unit, backed by gold, sounds like good money – and it could be, first and foremost, a major challenge to the US dollar’s hegemony,” Thorsten Polleit, chief economist at Degussa, said.
He continued:…
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