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Oliver "..The reason this would work is very simple. The BRICS members, unencumbered by the cost burden of modern welfare states could exercise the monetary restraint required to tie their currencies to gold, perhaps running a Bretton-Woods-style gold-exchange arrangement between member central banks to stabilise their currencies..." #gold #brics
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@MiningBookGuy BRICS investment project: members signs a MoU in the mining sector http://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/brics-investment-project-members-signs-a-mou-in-the-mining-sector/articleshow/54879774.cms #BRICS #gold #mining #Russia #Brazil #India #China #SouthAfrica #Siberia hat-tip @PiercePoints. Funky (and possibly important) developing story. Partial Quote: "BENAULIM, GOA: SUN Gold Limited (“SUN Gold”), China National Gold Group Corporation (“China National Gold” or “CG”), the Russian Sovereign Investment Fund, “Far East and Baikal Region Development Fund (FEDF), and partners from Brazil and South Africa Sunday announced that they have signed a Memorandum of Understanding (“BRICS Gold MOU”) on the sidelines of the BRICS Summit to develop the Kluchevskoyegold deposit located in the Chita region of Russia in Eastern Siberia. The project, in the mining sector, is the first BRICS investment project."
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@Leon #Russia #China lay groundwork for #BRICS transactions in #gold - trading in local currencies has already started. http://russia-insider.com/en/russia-china-lay-groundwork-transactions-gold/ri19355
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@MiningBookGuy @Jayfire - I agree...and as I've heard @JKaiser (and others...but i remember him presenting it really well a few times) say on multiple occasions, the best way to immediately change sentiment is a BIG discovery! I still find it very interesting how this DID happen in #the1990s ...but #the2000s didn't need it at all, because it was more the #China-Factor, or #BRICs, that was kind of the 'story of that decade'. What IS the story now? Is it some hybrid?? #Geopolitics + #Discovery?? I'm ok with that! I still LOVE gold...but I've started to love #exploration a whole lot too! I think a clearer 'story' will emerge soon... #mbgtrends
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