First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/08/02/a-world-dedollarized-is-gold-remonetized-002787
<p><img src='https://www.moneymetals.com/uploads/content/a-world-dedollarized-is-gold-remonetized-social.jpg'/></p>From August 22 through 24th, an extended coalition of over 40 nations which has become known as BRICS+ will meet in Johannesburg, South Africa. Among the likely topics of discussion is the feasibility of setting up a jointly-owned international financial institution. It would be funded by gold deposits, issue a currency, and extend loans tied to the spot value of gold. There are substantial reasons to doubt the workability of the growing consortium&#039;s plan. But to dismiss it summarily, whether as bad economics or rote anti-American propaganda, is to dismiss a moment five decades in the making.