Will BRICS Ditch The Dollar For Gold? | Doomberg

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Doomburg discusses the upcoming BRICS meeting and the potential rollout of a gold-backed currency unit. They explore the implications of such a move on global gold prices and the shifting dynamics away from the US dollar. Doomburg expresses skepticism about an imminent recession, citing strong economic data and fiscal spending. The conversation also highlights the significance of the Power of Siberia 2 pipeline in reshaping global energy distribution and the role of natural gas as a bridging fuel. Finally, they discuss how a gold-backed currency from BRICS could provoke strategic responses from Western economies, particularly the G7.