APMEX's video: BRICS Currency Announced Is it Gold Backed

In this week’s video, we look at Russia’s announcement of an official BRICS currency. There has been speculation and rumors of this currency for some time, and one major theory is that it would be backed by a basket of commodities including gold. However, the Kremlin recently announced they have almost completed a digital currency based on blockchain technology. Backed by gold or not, if a new BRICS currency becomes internationally adopted for trade, the U.S. Dollar will lose value. If U.S. Dollar’s value decreases, we expect the price of gold to increase. While there is no official launch date yet, dismantling the dollar will take time and we don’t expect it to go down without a fight. In the meantime, we will keep an eye out for any official launch date and stay ready to keep viewers informed. Browse on APMEX:          Gold Bullion ► https://www.apmex.com/category/10000/gold Silver Bullion ► https://www.apmex.com/category/20000/silver-bullion Gold & Silver Prices► https://www.apmex.com/gold-and-silver-price-charts APMEX® App► https://www.apmex.com/the-apmex-app Visit the Knowledge Center at https://learn.apmex.com to learn all about precious metals, with content for beginners and experts. APMEX is the leading internet retailer of physical precious metals, including gold, silver, platinum, and palladium bullion bars, rounds, coins, and premium collectibles. With over 45,000 products in stock and ready to ship with industry-leading delivery times, APMEX offers the largest selection and best service. LET'S CONNECT           Instagram ► https://www.instagram.com/apmex           Facebook ► https://www.facebook.com/apmex           Twitter ► https://www.x.com/apmex           APMEX ► https://www.apmex.com           Contact Us ► https://www.apmex.com/faq