ENERGY, CURRENCIES AND CHANGE. 🌎
2024: The year of change.2024 is going to be a transformational year.
Russia and China's energy trade is soaring.
The two countries don't use the dollar anymore in trade and countries around the world are beginning to utilize local trade.… pic.twitter.com/vWLFE84tM1
— Gold Telegraph ⚡ (@GoldTelegraph_) December 31, 2023
Russia, Iran Officially Ditch U.S. Dollar for Trade
BRICS plus represents over 30 percent of world GDP.
Very interesting article which pieces together a very interesting thesis that BRICS which will soon include Saudi Arabia will begin to circument the dollar and start trading in their own currency mechanism in addition to local currencies.
Gold is now trading at all-time highs vs the majority of fiat currencies.
While the dominance of the dollar prevails for the time being, the Beijing-Riyadh alliance signals that its supremacy could be under attack.
Curious about everyone’s thoughts here?
h/t thetimeisgold
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