$Wilton Resources (5F7.SG)$$GLD SG$ (GSD.SG)$ BRICS proposed...
BRICS proposed currency will be backed by 40% Gold. Unlike the world's fiat paper money backed by nothing & can be printed like nobody's business.
As always, do your own due diligence before committing.
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PepsiCo : that's good. At least it has some value. what is the remaining 60% backed by?
104359825 OP PepsiCo : Currently, by the countries own currencies. But China, India & Russia are buying silver too.