Russia Is About to SHOCK The Gold Market In October!
The BRICS-plus alliance is gradually shedding its status as an ill-matched, discordant group of countries with no common goals or objectives. Since at least 2022, when the Western world went up in arms against Russia, announcing an almost unending list of economic and financial sanctions against the country for invading Ukraine in February 2022, these countries seem to have strengthened their resolve to end the Western dominance over the rest of the world. To many, particularly policymakers in the West and avid viewers of mainstream media, this is an unrealistic goal that will never come to fruition. Yet, if anything, the alliance has remained resolute in its stance against Western hegemony and may very well be on the verge of achieving this incredible feat.
Whether that happens next year or in five years, the BRICS-plus alliance of Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates will get closer to their goal of creating a new, common currency during the bloc’s next meeting which will be held in Kazan, Russia from October 22 to 24, 2024. This new currency, or the unit, will help the BRICS members, prospective members, and allies significantly reduce their dependence on Western currencies, especially the US dollar, and get closer to their aim of ending the Western chokehold on the rest of the world.
The alliance previously announced that the unit would be backed by a basket of commodities and currencies made up of 40 percent gold and 60 percent local fiat currencies. Project mBridge, which will support international transactions among member states and others, is near completion, according to the Bank of International Settlements. Russia just announced it would be buying 600 percent more gold in September, just a month before it is to host other BRICS members and possibly discuss the next phases of the plans to create a new gold-backed currency. According to Mario Innecco, popular stacker and expert analyst, the BRICS alliance is much closer to achieving its goals than Western mainstream media will have you believe. When the final moment happens, investors who fail to prepare will lose everything.
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Credit: Liberty and Finance
Russia Rapidly Buying Gold | Mario Innecco
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