Would the World Trust a Gold-Backed BRICS? ft. Peter St Onge

In this video, Peter explores the possibility of a gold-backed BRICS currency and its potential impact on the US dollar and fiat currencies. Economist Thorsten Polay presents one scenario where BRICS countries deposit their sovereign gold in a BRICS bank, earning interest on it. The bank then issues paper bricks backed by gold, which can be circulated. However, there are challenges, including trust issues among BRICS countries and needing a custodian to ensure gold conversion.

Peter St Onge from @Profstonge has granted us permission to upload this video for our audience.
Peter's Twitter: https://twitter.com/profstonge?s=20
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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.

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