Archive · 28 Dec 2025
BRICS Nations Accumulate 50% of Global Gold
BRICS nations and their allies now control about half of the world's gold.
Countries like China and Russia are making a lot of gold, and others like Brazil are buying more.
They want to use less US dollars for trade and keep their money safer.
This is because they don't want to depend too much on the US dollar, especially after what happened to Russia's money during the Ukraine war.
They see gold as a safer and more independent choice.
This doesn't mean the US dollar will disappear, but it shows that other countries are starting to use different kinds of money and assets.
BRICS nations and their allies control around 50% of global gold reserves.
China and Russia are leading gold producers, with 380 and 340 tonnes respectively in 2024.
Brazil made its first gold purchase since 2021, buying 16 tonnes in 2025.
BRICS nations are reducing their dependence on the US dollar for trade and reserves.
The shift towards gold is seen as a risk-management strategy to ensure reserve safety.
- Who
- BRICS nations (Brazil, Russia, India, China, South Africa) and their allied states
- What
- Accumulation of 50% of global gold reserves
- When
- Ongoing, with significant purchases and production in 2024 and 2025
- Where
- Primarily within BRICS nations and their allied states
- Why
- To reduce reliance on the US dollar and enhance reserve safety
Pro-Gold Accumulation
Pro-US Dollar
Reserve Safety
Pro-Gold Accumulation
Gold is seen as a safer and more independent reserve asset, reducing reliance on the US dollar.
Pro-US Dollar
The US dollar remains the most stable and widely accepted reserve currency, with a strong global financial system backing it.
Economic Independence
Pro-Gold Accumulation
Accumulating gold helps BRICS nations reduce dependence on Western financial systems, enhancing their economic sovereignty.
Pro-US Dollar
Over-reliance on gold could lead to market volatility and reduced liquidity compared to the US dollar.
- BRICS Nations
- Brazil, Russia, India, China, South Africa
- Global Gold Reserves Controlled
- 50%
- China's 2024 Gold Production
- 380 tonnes
- Russia's 2024 Gold Production
- 340 tonnes
- Brazil's 2025 Gold Purchase
- 16 tonnes
- BRICS' Share of Global Trade
- 30%
- Intra-BRICS Trade in Local Currencies
- One-third