Seeds of Wisdom RV and Economic Updates Thursday Afternoon 9-11-25

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Trump Can’t Stop This: BRICS Buys 60,000 Ounces of Gold To Hammer USD

China’s 10-month gold-buying streak signals BRICS strategy to weaken dollar dominance

China Extends Gold Accumulation Streak
BRICS member China purchased 60,000 ounces of gold in August—worth roughly $215 million—marking its tenth consecutive month of accumulation. The People’s Bank of China (PBOC) now holds 74.02 million ounces, raising the value of its gold reserves to $253.84 billion, or 7.64% of total foreign exchange reserves, according to official data.

The strategy is clear: diversify away from U.S. dollar–denominated assets like Treasuries and bonds, and shore up reserves with tangible, non-sovereign assets.

BRICS Turns to Gold as Hedge Against USD
China isn’t alone. Other BRICS nations—India, Brazil, Russia, and South Africa—are also building gold reserves. Allianz chief economic advisor Mohamed El-Erian called the trend “part of a broader risk diversification strategy,” reflecting central banks’ preference for gold amid geopolitical strains.

Data from the International Monetary Fund (IMF) shows BRICS central banks have increased gold purchases fivefold since Russia’s invasion of Ukraine. This collective strategy highlights the bloc’s intention to reduce reliance on the U.S. dollar in reserves and international settlements.

Market Impact: Gold Surges to $3,650
The gold-buying spree has fueled a rally in precious metals markets. The XAU/USD index hit $3,650 on Wednesday, jumping nearly 25 points in a single session. As BRICS trims its U.S. dollar debt exposure, speculation grows that the bloc could back its future common currency with gold to directly challenge the dollar’s global reserve status.

Why This Matters
Even amid President Trump’s renewed tariff push and “America First” policies, BRICS is taking a parallel path—using gold to erode dollar dominance. If the bloc continues its accumulation trend and experiments with gold-backed settlement systems, the dollar’s central role in global finance could face its most serious test in decades.

@ Newshounds News™
Source: Watcher Guru

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