An independent group would have to verify the quality of physical gold before this would be believable.
It's an old style 'trust but verify' thingie...
Thought I’d ask here. Obviously, I’m missing something so why this particular group of countries in BRICS? Russia and China, sure. I said years ago the US needed to align with Russia to prevent them teaming with China but now we’ll have to deal with them both. If, make that IF, they want a financial control, then why include Brazil, India and South Africa? India has established itself in recent years but they still have a long way to go with their poor. How bleepin’ much can South Africa bring to the table financially?
My biggest question is Brazil. It is supposed to be a good investment but I might be behind the times on them raising their poor’s status. Maybe Brazil should work on their potable water first.
Knocking on their door are Mexico and Ethiopia and various ME countries. Ethiopia can’t feed their people. All Mexico has is oil and remittances from the US.
Smells like Russia and China are more interested in roping in future expendable troops.
Please, set me straight.