| Dear Reader, Do yourself a favour: open your calendar and circle 22 August. Rumour has it that’s when some of the most powerful countries in the world will announce a new, gold-backed currency. ‘The official announcement is expected to be made during the BRICS summit in August in South Africa,’ Kitco reported. ‘At first glance, a new transaction unit, backed by gold, sounds like good money — and it could be, first and foremost, a major challenge to the US dollar's hegemony,’ said Thorsten Polleit, chief economist at Degussa. First things first: no one knows if these rumours are correct. But the very fact they’re being taken seriously at all shows just how fractured the dollar-based financial system is becoming. And one thing is certainly true: many of the BRICS countries have been buying vast amounts of gold in recent years. What are they preparing for? And what could it mean for you and other investors here in Australia? Get some answers here. Gold bless, Brian Chu,
Editor, The Australian Gold Report | 