The idea of returning to the gold standard is gaining traction. This is especially true among some U.S. lawmakers, like Ron Paul. The BRICS+ coalition is adding to the global shift in monetary power. It includes Brazil, Russia, India, China, and South Africa. More nations want to join. These countries are exploring alternatives to the U.S. dollar as the world's reserve currency. Gold is central to these discussions. If BRICS+ or other blocs adopt a gold-backed currency, it could devalue the dollar. It might also push the world into a new era where gold is a global store of value again.
The emergence of a gold-backed currency seems inevitable. Early gold holders stand to gain substantially. As currencies tie to gold, its value will adjust upwards. The adage rings true: "He who holds the gold makes the rules."
A U.S. return to the gold standard would require backing all circulating currency. History favors those with tangible assets like precious metals during such transitions. To cover the vast amount of printed currency, gold's value might need to reach $15,000 to $25,000 per ounce.
The Federal Reserve's aggressive money printing weakens the dollar further. For more than a decade now, it has printed about $100 billion monthly. Continued expansion could push gold prices even higher, potentially exceeding $25,000 an ounce.
Early investors in gold may reap enormous benefits. As its role in global finance evolves, gold holders could witness unprecedented gains in wealth.
