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The BRICS countries are on a “deliberate” path to develop a new mechanism that will work against the U.S. dollar, says Simon Hunt, Founder of Simon Hunt Strategic Services. Speaking with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, Hunt warns not to underestimate the threat posed by the BRICS group and its expansion. Hunt discusses why he expects the new BRICS currency to be backed by gold and weighs in on other key geopolitical consequences.
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0:00 – BRICS’ new currency
7:50 – BRICS’ new currency backed by gold?
12:18 – Expansion of BRICS group
16:35 – Pricing of oil
19:43 – Geopolitical consequences
#BRICS #gold #geopolitics #economy #currency #SimonHunt
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