{"id":132958,"date":"2024-07-12T10:30:49","date_gmt":"2024-07-12T07:30:49","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132958"},"modified":"2024-07-16T14:10:43","modified_gmt":"2024-07-16T11:10:43","slug":"brics-alliance-shift-to-gold-signals-dollar-decline","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/brics-alliance-shift-to-gold-signals-dollar-decline\/","title":{"rendered":"BRICS: Alliance Shift to Gold Signals Dollar Decline"},"content":{"rendered":"

Throughout 2022 and 2023, BRICS led<\/a> <\/strong>global gold buying and continued this trend in 2024. Notably, Russia and China are leading by example, shedding US Treasury bonds and amassing significant gold reserves.<\/p>\n

In 2024 alone, China divested $53.3 billion in US Treasury bonds, prioritizing gold acquisitions. While other BRICS nations follow suit on a smaller scale, China\u2019s actions dominate the shift away from US Treasuries.<\/p>\n

Egon von Greyerz, Founder of Matterhorn Asset Management, describes this period as the \u201cBRICS gold era,\u201d emphasizing the increasing preference for gold over the US dollar in BRICS central banks.<\/p>\n