Archive · 3 Jan 2026
BRICS Nations Challenge US Dollar Dominance
Robert Kiyosaki, a famous investor, says that many countries, especially those in the BRICS group, are using less US dollars for trade and buying more gold.
He thinks this could make the US dollar less important worldwide.
He gives examples like Iraq and Libya, where countries that tried to use different currencies for oil were invaded.
Now, countries like China and Russia are trading more in their own currencies and buying a lot of gold.
This could mean that the US dollar might not be the main currency for global trade anymore, which could be bad for people who save money in dollars.
BRICS nations are increasingly conducting trade in local currencies, reducing reliance on the US dollar.
Central banks are buying more gold, with BRICS nations controlling nearly 50% of global gold production.
The US dollar index declined by 9.4% in 2025, its biggest drop in eight years.
Robert Kiyosaki warns that the US dollar could lose its reserve currency status, leading to wealth erosion for savers.
Historical examples, such as Iraq and Libya, show potential consequences for countries challenging the dollar system.
- Who
- Robert Kiyosaki, BRICS nations, central banks
- What
- Shift away from US dollar in global trade and reserves
- When
- Ongoing, with significant developments in 2025 and 2026
- Where
- Globally, with a focus on BRICS nations
- Why
- To reduce dependence on the US dollar and diversify reserves
- BRICS Members
- Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Indonesia, UAE, Saudi Arabia
- Internal Trade in Local Currencies
- 50%
- Russia-China Trade in Rubles and Yuan
- 90%
- Central Bank Gold Buying
- 70 tonnes per month (2026) - 4x pre-2022 levels
- BRICS Gold Reserves
- Over 6,000 tonnes collectively
- US Dollar Index Decline
- 9.4% in 2025
- Gold Production Control
- BRICS nations control nearly 50% of global gold production
