BRICS Countries Now Control Over 20% of World's Gold Reserves
Gold bars representing the vast reserves now controlled by BRICS nations.
The BRICS nations (Brazil, Russia, India, China, and South Africa) collectively hold over 20% of the world's gold reserves, according to a recent report from the World Gold Council. This marks a significant step in their strategy to challenge Western financial dominance and secure economic independence.
Gold has historically been a hedge against currency devaluation and economic uncertainty. By increasing their reserves, the BRICS nations aim to reduce reliance on the US dollar and bolster their position in the global financial order.
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