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The BRICS countries are moving away from the US dollar as the currency that settles international transactions, and gold is an integral part of the new settlement mechanism.

The Unit

On Oct. 31, 2025, researchers launched a pilot to test a gold-anchored settlement “Unit” inside the 10-member BRICS+ bloc of countries, which includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates.

This was followed by a Unit prototype launched on Dec. 8.

The four original BRICS members were Brazil, Russia, India, China and South Africa. The six additional countries were invited to become BRICS members following the 2023 BRICS Summit.

The Unit is a “digital trade currency” pilot created for settlement between BRICS economies. The initiative came from IRIAS, the International Research Institute for Advanced Systems.

Importantly, the Unit does not replace national currencies. Rather, it aims to act as a neutral settlement tool that reduces reliance on the US dollar in trade between BRICS economies.

According to CCN:

• The BRICS Unit is a gold-anchored digital trade currency designed for cross-border settlement.

• Its launch coincides with record public anxiety about dollar debasement, as shown in Google Trends data shared by Bloomberg.

• The prototype uses a 40% gold and 60% BRICS-currency basket that adjusts daily.

• The pilot signals a structural move toward de-dollarization and strengthens long-term global demand for gold.

Why are the BRICS doing this?

Regarding bullet point two, CCN says public interest in dollar debasement has reached a new peak. It cites Google Trends data shared by Bloomberg Opinion that shows an unprecedented spike in searches for the term during the last quarter of 2025.

There are several reasons why the BRICS created the Unit to trade without the dollar. Members face sanctions, high dollar borrowing costs, and volatility tied to US monetary policy.

The Unit would allow them to settle trade without using US banks; store value using gold instead of foreign currency reserves; reduce exposure to dollar liquidity shocks and build a monetary framework independent of Western systems.

Macro trends driving the initiative include US deficit spending, with heavy borrowing raising doubts about the dollar’s long-term strength; geopolitical fragmentation, with rival blocs seeking options beyond dollar-based systems; elevated inflation which is pushing capital into more stable assets; declining purchasing power, with many currencies losing value faster than wages or savings can keep up; and rising gold demand, with central banks continuing to increase their reserves.

Hope that continues, would be a sign that this is just a blip.

and reducing position limits to protect the banks and their shorts. Anyone who plays in the western markets is a fool. They’ve literally just pulled the plug out on long contract profits. They’re wiping out a whole slew of players in platinum and palladium, that are getting brutalized even worse.

Don’t know where the freefall stops. All gains in silver from Friday are gone. I sure hope that the folks who can take delivery do.

We’ll see if this changes the trend for a while depending on how deep the forced selling is.

What I don’t understand is that the spread vs. physical is compressing? If the price in Shanghai is $86, how is that possible?

Right I noticed that too along with this which seemed comical calling the comex a paper market   Like saying they don’t have it..

paper markets (like COMEX) seem disconnected, highlighting a fundamental imbalance

Imbalance alright, with the physical.

Still something seems off like a planned attack on buys even if attendence is paper thin. Asian guy said the price has to stay at 75 or above till the end of the year.

Goldie – this jumped out at me “showing severe physical supply stress despite large COMEX stockpiles.”

I wonder just how large the Crimex stockpiles really are. It seems if they were so large, the metals would be shipped back to London and arbitraged to Shanghai. It seems that this is the point, the Crimex is running out deliverable metal as well.

maddog – good point. That was the first thing I looked at – how the shares looked premarket. They don’t look great, but they don’t look horrible either, most down 2-3%. As if they know this pullback won’t amount to much.

Volume in SLV was massive on Friday. Where are they going to get the metal for that? Where is Sprott going to get the metal for PSLV?

This is just the beginning of the war.

They tapped silver below $74 at $73.95 and buyers immediately came in. They are probing a bottom.

Europe is close to being on Holiday, the entire two weeks of Christmas/New year……..that is industry and especially governments…..Speculators will be active and the Algo’s never sleep….but overall the mkts are much thinner….normally…this year maybe different….I see Gold just tried 2 % and bounced hard…..

We are stll way above even weekly Bollinger bands….and MACD diffs are well wide….a hesitation here, makes sense….but the way the smashes are comming, says this is a manufactured hit…..in a mkt that might just say thankyou and keep buying.

I’ll check out Bullion Star. If Shanghai is $86 then it would seem the arbitrage game would be back on and buyers in Crimex will take delivery and send the metal east to benefit from the $11 spread.

This is just a brute force paper take down and it will fail. It seems they are either buying or covering down in the $74 area.

Unless Shanghai physical comes down, this correction should be short-lived.

I asked my phone. Maybe they don’t have it to sell. Playing the you can’t buy what we don’t have Might be the same here in a few hours.

• ETF Inflows: Over 100 million ounces of silver flowed into silver-backed Exchange Traded Funds (ETFs), removing physical metal from the market.
• High Industrial Demand: Strong needs from solar panels, electronics, and EVs, coupled with potential U.S. critical mineral concerns, are pulling metal out.
• Supply Shock: Heavy shipments to the U.S. and India in October depleted London’s free-float inventory.
• Backwardation: The spot price is significantly higher than future prices, a sign of acute physical scarcity, not typical market conditions.
• Lease Rates: The cost to borrow physical silver has surged to record highs (over 11-30%), showing intense demand for immediate metal. 

• Physical vs. Paper: The physical market (London OTC) is screaming for metal, while paper markets (like COMEX) seem disconnected, highlighting a fundamental imbalance.
• Price Volatility: The shortage triggers sharp price spikes as short sellers scramble for scarce metal, creating a classic squeeze scenario.
• Global Impact: This tightness affects other markets, with U.S. COMEX silver potentially needing to flow back to meet London’s demand, though tariffs and logistics create friction

They have to get gold down only if they want to get silver down. It isn’t going to change the price in China. No one is answering their phone over there. They’re playing dead.

Bullionstar has the Shanghai price if you follow the links.  Shanghai is not down like we are here. In fact Shanghai closed up in the afternoon at $86. That’s the real prize not what you is going on in New York and London because Shanghai is a physical market.. So if they’re paying 86 there and they’re trying to sell it for 75 here any metal to be had is gonna be going to Shanghai.. All the craziness over here is just a bunch of noise..the banksters just doing what they do..

Yes…..but a holiday mkt…ie very thin, especially in Plat and Pall….very little industry participation, in any of them.

Watch Gold….imo they have to get Gold down…checked GDX and SIL and so far down only 2 %…..are they trying to cover share shorts already !!!!

The shares have been well shorted for a few days, going no where as the Metals flew, a classic signal of a large attack.

Then we see Palladium the metal with the least compelling story, being hit hardest, then Plat which has been rallying on the massive short and the mad spread between Gold, being hit hard, …both thin mkts at the best of times…now during the holidays barely anyone trading……Then AG down big , but not even below Thursday last weeks close …Then Au the real Key….. not even down beyond most days range…if it wasn’t for the others falling, this would be a non event……….If they can’t get Au to join in …..the shorts had better cover theirn even larger positions fast.

No volume? AG guy said they’re playing dead. Even 200 rejected. Silence in market is loudest sound you’ll ever hear.

What will happen next in NY.

Isn’t the London market opened now?

RE 23.57

I asked Grok and it says no large borrowing from Fed Window, nothing special at all going on…..

China now cutting off producers and not temporarily. Perhaps we should not buy chinese solar and EV.

This one came out fast and talking about what happened. They took out the stops.

Pretty good info on  what’s going on starting with the shooting star.

AG guy

all metals getting whacked. Palladium getting monkey hammered, down 12.6%, Plat down 7%

By those metrics, silver down 4% and above $76 doesn’t seem so bad. gold only down 1.5%

I still am unable to find the live Shanghai price, so no idea what’s happening over there. I’d assume it’s down there too. Weird to me that it’s not easily accessible on the internet FFS.

I guess it’s London’s turn now to play. Will they cover or add more shorts?

2026 is a election year. They want a booming stock market, assets. Money printing will make people poorer but market richer. Much we know as gold and the dollar. Not that relevant with the other metals due to demand. If companies need help like AI, Nvidia they’re probably going to get it if that’s how it goes and hope not via printing press but if from the Fed probably will.

Gold eagles exempt on Federal level.

Surprisingly even though you can still  use it at face value if someone doesn’t recognize it older 90 percent bags 1000 dollar or more dimes quarters bags must be reported on Fed level in dealer stores. Keep them singular as barter.

Already I noticed adds are coming out for counterfeit or plated clad coins advertised as real.  I’ve seen adds come out for complete sets of Morgan silver for about 130/ 140 dollars and other metais that would never sell that low especially now if real. Strange names and no phone number.

Yeah thanks I see that. Platinum tapered off. Well we might not see the scenario of blowing past 80 gap up tomorrow like Asian guy mentioned. We won’t have any real gaps  less something happens before then. I don’t want to see anybody in a gap trap less conditions for continuation. We won’t be in first for any change but better up than down if just holding. Fed may try to bring the dollar up this month. I suspect that when it gets closer to a new Fed chair and one that wants QE we will see move up with that too even before the change of guard. It’s not really necessary though because this isn’t about the dollar.

Mainly it’s a critical supply issue. China is buying but not selling and preventing China’s miners from selling directly out of the country while looking for mines elsewhere themselves. I saw recently they bought a copper mine. I hope these mines realize they are in a position they dont need to sell out their metal, just sell. Chinas looking for Copper and Aluminum too.

It was David Hunter that initially predicted all this. When I first posted his higher prices I thought it probably won’t get that high but was nice to hear after years of opression but now everyone’s on the bandwagon with different speculative numbers. Good thing is it might not reflect the currencies but the supply chains except oil.

Up on Sticks
https://www.railpictures.net/photo/891566/