BRICS Control 20% of the World's Gold Reserves
BRICS countries are on a gold rush and are accumulating billions worth of gold to their central bank reserves. The member nations are diversifying their reserves by adding tonnes of gold along with other local currencies. The goal is to diversify their reserves and make the US dollar less dependable in the coming future. Also Read: 11 Countries Might Join BRICS in 2024 as ‘Associated Partners’ JUST IN: BRICS countries now control over 20% of world's gold reserves. A recent report from the World Gold Council reveals that the BRICS nations (Brazil, Russia, India, China, and South Africa) collectively hold over 20% of the world's gold reserves. pic.twitter.com/KD9QPiBwVL — BRICS News (@BRICSinfo) October 21, 2024 A recent report from the World Gold Council shows that the nine-member BRICS bloc controls over 20% of all the world’s gold reserves in 2024. The member nations have been massively buying the precious metal since 2022 after the US pressed sanctions on Russia. BRICS cou...