A group of large emerging economies called “BRICS” recently raised the idea of creating a new currency backed by gold. What is this group? Why did they spark this idea?

Gold demand from global central banks shapes the gold market in 2022. The World Gold Council (WGC) announced that central banks added an enormous 1,136 metric tonnes of gold worth about $70 billion to their reserves.

This article outlines the 4 distinctions when it comes to gold vs silver, placing a special focus on their implications.