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Why?

Because BRICS will adopt a gold-backed currency to resolve oil transactions without USDollars. This should happen late August.

lol BRICS is a predictable failure.

You're not going to reliably bully people away from transaction their species-backed stores of value for petroleum. Particularly not dozens of non-USDollar-backed countries eager to transact differently.

See: recent price of gold and bitcoin and oil (and stock market, in general) IE: NOT USD

See, also: several countries request physical return of their alleged gold holdings

Is there somewhere to read about this specific plan?

See: https://duckduckgo.com/?t=h_&q=%22BRICS%22+gold-backed+curre...

Hard to be easily debased, hard to mass censor/prohibit payments to unpopular organizations.

So, they just ban crypto, and then they take your precious metals.

Think I'm kidding about the last one? The US government has already taken gold from citizens (by law, and without recourse) before, and nobody did anything about it.

"just ban crypto" doesn't work. They tried that with cocaine already.

They also didn't get a very large percentage of the privately held metals, either.

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