That the BRICS will not as yet confirm their currency, tells me that the Chinese are not willing yet, to let Gold fly, as they are too happy buying cheap Gold from the paper sellers and idiot scum….Putin seemingly must bethe same, but as he is making out like a bandit in Oil, he ain’t too worried and he too can buy loads more ….dirt cheap.
As for rates ….go past 8 % and God forbid double fugures and the west has no economy to talk about……