BRICS Summit 2023: Unraveling the Rumors, Agenda Insights & Expected Ripple Effects | The Gold Spot

At the beginning of next week, the majority of the world's population with the highest collective GDP is gathering to discuss the future of the world economy. The United States isn’t invited to that meeting.

That group is the BRICS nations - comprised of Brazil, Russia, India, China, and SouthAfrica. While investors are used to seeing the G7 dominate headlines, the BRICS nations have successfully usurped the group as the leading economic powerhouse.

Together, the block accounts for over 40% of the population and over one-third of the global GDP. Although no official agenda has been released, this upcoming BRICS summit in South Africa is expected to cover some important issues.

The least surprising is the group’s intention to build more independent, robust, and fortified economies, especially in today’s unpredictable economic climate. On top of that, the BRICS nations will discuss expansion with over 40 countries eagerly waiting to join.

The most highly anticipated and feared summit topic is the potential creation of the BRICS currency. This proposed gold backed currency could speed up the process of de-dollarization while acting as a boon to gold prices.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Precious Metals Advisors Joe Elkjer and Damian White explain the influence of the BRICS, the likely summit agenda, and how investors can stay informed.

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🔗 RELATED LINKS:

🇧🇷🇷🇺🇮🇳🇨🇳🇸🇦 BRICS Currency: What It Is & What It Means for Investors: https://www.sbcgold.com/blog/brics-currency-what-it-is-what-it-means-for-investors/

▶️ Currency Wars: BRICS Nations Push for a New Reserve Currency: https://www.sbcgold.com/blog/currency-wars-brics-nations-push-for-a-new-reserve-currency/

💵 Decoding De-Dollarization: Why the Dollar is King & Why Its Reign Might Be Over: https://www.sbcgold.com/blog/decoding-de-dollarization/

🔒 Safeguarding Your Wealth Amid Petrodollar Shifts: https://youtu.be/DjyyrJ-sqes

🔮 Robert Kiyosaki, famed investor and author of Rich Dad, Poor Dad, predicts that prices of “gold and silver skyrocket” if the dollar buckles: https://twitter.com/theRealKiyosaki/status/1691174700234477570