The BRICS — a consortium of eleven countries, with 22 more in application stages, led by China, Russia, India and Brazil — declared in October the building of a new “gold settlement architecture as a strategic safeguard against global financial volatility.” This is a fine goal, which can take many specific forms. The quickest and easiest way (although not necessarily the “best” way) to get this done is to introduce “gold checking accounts”… Read More ›
