BRICS Nations Ditch Dollar for Gold, Amassing Global Reserves

• BRICS countries are rapidly reducing reliance on the US dollar, shifting towards gold.
• They currently hold approximately 20% of global gold reserves, potentially influencing 50% with strategically linked nations.
• Russia and China are leading in gold production, with China producing 380 tons and Russia 340 tons in 2024.
• Brazil made its first gold purchase since 2021, buying 16 tons in September 2025.
• BRICS nations employ a dual strategy: increasing gold production and actively purchasing from the international market, acquiring over 50% of global gold purchases by central banks between 2020-2024.

Why It Matters: BRICS nations are strategically increasing gold reserves and production, signaling a major shift away from the US dollar.