BRICS Stockpile Gold to Hedge Against Dollar Risks

Central banks are stockpiling gold as a hedge against a potential US dollar collapse
This gold acquisition is being driven predominantly by China, the dominant player in the physical gold market
BRICS countries are pushing de-dollarization efforts and promoting use of local currencies
The massive US debt over $34 trillion raises concerns about the long-term viability of the dollar
Steps like amassing gold help BRICS countries insulate themselves from potential US sanctions similar to those imposed on Russia