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BRICS Could Capitalize as Confidence in US Dollar Shrinks
- The US dollar is no longer seen as a reliable reserve asset as global confidence in it diminishes.
- Investors are turning to gold as a stable and trusted alternative to the dollar.
- BRICS countries are aiming to build a parallel financial system backed by local currencies and gold.
- A gold-backed trade model could provide BRICS countries with increased trust and attract other emerging nations.
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