Vince Lanci: Are BRICS Really Planning A 'Common Currency'

Over the past year there's been a lot of speculation in regards to what the BRICS may be planning in regards to a new currency system.

Leading up to last year's BRICS meeting Jim RIckards had speculated that they would be going to a gold-backed currency. Which of course has not happened yet.

At the BRICS meeting Russian Foreign Minister Sergey Lavrov said 'Nobody is talking now about a “common currency.' Although Russian economist Sergey Glazyev has made other comments that give a different impression.

So what's really happening?

In today's show Vince Lanci reviews the comments, and shares how he interprets them, and what is actually taking place.

So to find out more about the latest currency developments from the BRICS that have the potential to impact the gold price, click to watch the video now!

Arcadia Economics

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