He added that when a country challenges the dollar system, it faces economic sanctions, regime change, or military intervention. However, this pattern is likely on the cusp of change.
Kiyosaki argues that China has built dollar-independent infrastructure, with BRICS nations conducting 50% of internal trade in local currencies. Citing an example, he said that Russia reports 90% of China trade uses rubles and yuan.
In such a situation, the military can’t enforce a system that dozens of countries are simultaneously abandoning, he said.
Brazil, Russia, India, China, and South Africa, along with the entry of Egypt, Ethiopia, Iran, Indonesia, the United Arab Emirates, and Saudi Arabia, together form the 11-country bloc making up the BRICS nation.
Not just these countries, but globally too, central banks over the last few years have ramped up gold reserves as a sign of the growing trend of de-dollarisation.
In 2025, China continued to lead global gold purchases, with India also remaining a steady buyer. According to Sugandha Sachdeva of SS WealthStreet, BRICS nations now control nearly 50% of global gold production and hold a substantial share of official gold reserves.
“While the US continues to hold the world’s largest official gold reserves, BRICS nations collectively now have over 6,000 tonnes. Russia and China alone account for more than 2,000 tonnes each, while India’s reserves exceed 800 tonnes. At the production level, China and Russia remain among the world’s largest gold miners, giving the bloc growing influence over the physical supply chain,” she wrote in an article on Mint earlier this week.
