Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The MRE was the klaxon for most people on here expecting a huge bounce and rerate? This hasn't happened almost quite the opposite. One can only hope that a regular news flow improves the situation as the mining season comes to an end in the spring.
"Macroeconomist Lyn Alden has cast doubt on a proposal that would see five countries work together to develop a common BRICS currency — arguing it will likely struggle to get off the ground and fail to dethrone the United States dollar.
In an interview with Cointelegraph just days before the BRICS annual summit in South Africa, Alden explained that it would be “very hard” for BRICS members — Brazil, Russia, India, China and South Africa — to form a gold-backed currency for widespread use.
Russian President Vladimir Putin first announced that BRICS proposal to create an international reserve currency at the BRICS summit in 2022 to rival the U.S. dollar as the global reserve standard. This proposal was later confirmed to come in the form of a gold-backed currency.
However, Alden argued the model is flawed."