The problem with BRICS and the idea of a gold-backed currency

[@Negalijus370]

Unless I am mistaken, the viable solution is to keep it simple. Instead of gold-backed currency, use physical gold. Reasoning - if country gives currency, and there is nothing to buy from them it effectively is lending money to the country, trusting it will return. But in this model as noted we do not see ways India would return the value.. Therefore, receiving payment in physical gold could provide relatively fair liquidity for international trade with different countries.