Brics gold-backed currency may not be totally hare-brained
Foord Asset Management is among those that are taking calls for an alternative to the dollar more seriously
While rumours of the dollar’s imminent demise may be greatly exaggerated a growing body of investors and business people are increasingly calling for an alternative to the greenback’s global hegemony.
While the dollar still rules the roost as the global reserve currency of choice — and by extension the preferred medium of exchange for international trade — recent proposals for an alternative, including a gold-backed emerging markets alternative, may not be as half-baked as they first appear. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.