BRICS summit and abolishing dollar as world's reserve

Discussion in 'Gold' started by harrysantos, Aug 16, 2012.

  1. harrysantos

    harrysantos New Member

    Joined:
    Aug 3, 2012
    Messages:
    17
    Likes Received:
    0
    Trophy Points:
    0
    With all the financial turmoil in the eurozone, and with the dollar continuously getting debased, what do you think would happen with all the talk in the BRICS summit about replacing the world's reserve especially when it comes to gold. I understand that it is still fiat but usually when something new like this is used as the world's reserve, there is this illusion of stability and might cause the price of gold to go down?

    What are your thoughts and speculations if ever?
     

Share This Page