Birth of a New Gold Currency











BRICS Bank Gold Backing


BRICS Bank Gold Standard






BRICS Currency

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The BRICS countries (Brazil, Russia, India, China, and South Africa) since 2009 have been formulating a new Banking & Currency pact to improve long-term trade & stable economic growth amongst their countries.

During July of 2014, the BRICS nations finally signed the long anticipated agreement to formally construct the new BRICS Bank and Reserve Currency pool.

The new BRICS Bank will be headquartered in Shanghai China, and the first President of the bank will be from India.

The BRICS nations comprise aprox. 41% of the world's population and aprox. 20% of the world's GDP.

2 of the BRICS nations (China and India) are the #1 and #2 consumers of Gold on the planet... and 2 BRICS nations (China & South Africa) are the largest producers of Gold in the world.

It is speculated by some economists/analysts that Gold will likely form some type of role within the new BRICS banking system - particularly given the rapid rise of bad debt in the world recently.




BRICS speed up process to set up New Development Bank ...


DNAIndia.com (Dec 15/14) - India has said it has begun the internal process to set up the USD-100 billion New Development Bank and member countries -- Brazil, Russia, India, China and South Africa -- are said to be working to expedite the ratification procedures to make the NDB a reality within the shortest possible time .......

FULL ARTICLE ...





China commerce official upbeat on BRICS growth ...


GlobalTimes.cn (Dec 15/14) - China's assistant minister of commerce said BRICS nations have the potential for long-term stable growth backed in multiple ways.... the official made the projection based on his analyses that infrastructure construction is being sped up noticeably, and domestic consumption has also been expanding among the developing BRICS markets which include Brazil, Russia, India, China and South Africa .......

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Frozen in time: World Bank, IMF ...


LiveMint.com (Dec 15/14) - The Bretton Woods conference of 1944 put in place the institutional framework to rebuild the financial and economic system destroyed by the Great Depression and the War, spawning the International Monetary Fund (IMF) and the World Bank (WB)..,, however, this system broke down in 1971 when the dollar went off the Gold standard .......

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President Putin: Discovery of New India ...


SputnikNews.com (Dec 15/14) - One of the most important parts of building the BRICS community is the agreement to use our national currencies to serve the goods transfer between our countries .......

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BRICS Becoming a Significant Alternative Voice in the International Arena ...


RT.com (Dec 11/14) - The BRICS could emerge as a voice for an alternative world view and development model as there is a good scope to take the relationship forward, Rajiv Sikri, former secretary at India’s Ministry of External Affairs, told RT .......

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Russia’s New Strategy in Asia ...


PressTV.ir (Dec 11/14) - So as Russia looks to the BRICS nations to counter Western pressures, what does this mean for things to come Did the West miscalculate and pave the way for greater cooperation between some of the fastest growing economies in the world .......

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India's Modi: 'Russia Is India's Closest Friend' ...


BusinessInsider.com.au (Dec 11/14) - Russian President Vladimir Putin isn’t exactly the West’s favourite person right now, but it looks like he’s finally found a friend.

“Russia is India’s closest friend, and the preferred strategic partner,” India’s Prime Minister Narendra Modi said on Thursday during a meeting with Putin.......

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World at Crossroads: BRICS Paradigm or War? ...


LarouchePub.com (Dec 11/14) - I think it is a fair statement to say that the future destiny of mankind will depend on the question of whether the United States and, to a secondary degree, Europe, will take up the offer made by President Xi Jinping to President Obama at the press conference during the APEC conference, where Xi invited the United States, and other major nations, to cooperate with a whole set of policies promoted by China and also the BRICS countries.......

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The New Cold War Policy is Backfiring ...


EurasiaReview.com (Dec 11/14) - The world’s geopolitics, major trade patterns and military alliances have changed radically in the past month. Russia has re-oriented its gas and oil trade, and also its trade in military technology, away from Europe toward Eurasia.

The result is the opposite of America’s hope for the past half-century of dividing and conquering Eurasia: setting Russia against China, isolating Iran, and preventing India, the Near East and other Asian countries from joining together to create an alternative to the U.S. dollar area. American sanctions and New Cold War policy has driven these Asian countries together .......

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Putin Arrives in India; Over 15 Deals on the Table ...


TribuneIndia.com (Dec 10/14) - Sources in the government said at least 15 to 20 agreements, including one in the field of media, could be signed at the summit with Russians stating that the country is keen on taking forward negotiations on the Kudankulam nuclear power project phase 3-4 as it looks to set up about 20 to 24 nuclear units in the country.... Besides seeking to augment nuclear energy, India is also keen on increasing its sources of supplies of hydrocarbons .......

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Putin Arrives for Summit Talks with Modi Tomorrow ...


PTINews.com (Dec 10/14) - Russian President Vladimir Putin arrived here late tonight for annual summit talks with Prime Minister Narendra Modi tomorrow that is aimed at building on the already close strategic ties, particularly in the fields of nuclear energy, hydrocarbons and defence .......

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Is Russia Moving Towards a Gold Petro Dollar? ...


Gold-Eagle.com (Dec 8/14) - Speculative articles are beginning to appear on the internet that hint Russia may be moving towards a Gold Petro Dollar for it's energy exports ... what this means essentially is; Russia may be moving towards a system where Russia requires a buyer of it's energy exports to pay for a portion (or all) of it's purchases in Gold Bullion .......

FULL ARTICLE ...





Centre Begins Process for Selecting First Chief of BRICS development Bank ...


FinancialExpress.com (Dec 1/14) - India has initiated discussions on appointment of the president of the proposed BRICS development bank..... “The thought process on appointing the first president of the BRICS Bank has begun. The government is considering two options — we can either set up a search committee or advertise for the post,” said a source familiar with the development .......

FULL ARTICLE ...





India Eases Gold Import Restrictions ...


Bloomberg.com (Dec 1/14) - The Reserve Bank of India on Nov. 28 unexpectedly removed rules requiring importers to sell 20 percent of their shipments to jewelers for re-export. The end of the regulation, which limited buying since its introduction in July last year, will reduce smuggling and return domestic demand to normal levels of about 800 metric tons to 900 tons annually, the Indian Bullion and Jewellers Association Ltd. estimates .......

FULL ARTICLE ...





China Must Speak Up for Developing Countries ...


TheBricsPost.com (Dec 1/14) - In a key foreign policy address to the Central committee of the ruling CPC, Chinese President Xi Jinping has underlined the importance of Beijing championing the cause of the developing countries..... “We are firm in our position that all countries, regardless of their size, strength and level of development, are equal members of the international community and that the destiny of the world should be decided by people of all countries. We should uphold international justice and, in particular, speak up for developing countries,” said Xi .......

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