I’ll state it one more time. Why make things so complicated? All the BRIC’s need to do is set a policy that all members purchase gold with the goal of reaching a certain percentage level of reserves and relative to one’s GDP.

If all members work towards those goals over a prescribed interval of time, there won’t be any problems in accepting one anothers currencies for the purposes of trade. The FX market will adjust their currencies to reflect the fact that they are holding increased gold reserves.

They don’t need dollars anymore and they don’t need to create a new currency”unit”. If each BRICS country has a gold revaluation account(most already do) eventually, they and the rest of the world can choose and set a new official gold price, ($10,000 per ounce) for example.

Simple, workable and practical. KISS!

De-Dollarization Bombshell: