The below article is partly an advertisement (so ignore that part) but the message is true nonetheless...on Aug 22, this monday, the BRIICS nations (Brazil, Russia, India, Iran, China, S. Africa) are holding a meeting (which has been widely anticipated) to potentially announce the creation of a new, gold-backed, international currency.  This could be the beginning of the process to replace the US dollar as the world's reserve currency.  The US dollar has been used in international trade since the end of WW2.  The introduction of a competing international currency would mean that the demand for US dollars would fall, which would hurt the American economy even more.  Potentially hurt it drastically.

Aug 22 is the feast of Our Lady's Immaculate Heart...coincidence?

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https://www.jpost.com/advisor/money/brics-summit-on-august-22nd-is-investing-in-gold-ira-a-wise-move-752060

BRICS Summit on August 22nd: Is Investing in Gold IRA a Wise Move?

As the geopolitical landscape continues to shift, traditional financial systems are facing mounting challenges, and investors worldwide are seeking additional options to diversify their wealth. In the midst of this uncertainty, a significant event looms on the horizon - the BRICS Summit set to take place in South Africa from August 22nd to August 24th, 2023.

The BRICS nations - Brazil, Russia, India, China, and South Africa - are on the verge of a groundbreaking announcement that could send shockwaves through the global financial markets. Speculations abound that these emerging-market powerhouses may unveil a new gold-backed digital currency during the summit - a move that some experts predict could challenge the U.S. dollar's reign as the world's default currency.

With the potential implications for the international monetary system, investors are left wondering if this upcoming event presents a golden opportunity to consider diversifying their retirement accounts by adding a Gold IRA. As the countdown to the BRICS Summit begins, this article explores the potential impact of a new BRICS currency on the U.S. dollar and whether diversifying existing retirement savings with a Gold IRA could be a wise move before this historic gathering.

According to some experts, this development is might add bullish momentum to the gold market and create new opportunities for investors interested in holding physical gold as part of their retirement portfolio.