As BRICS leaders—representing Brazil, Russia, India, China, and South Africa—gather in Russia, discussions around a gold-backed currency reset have gained traction. This move could signal a shift away from the dominance of the US dollar in global trade, potentially reshaping the global financial system.

BRICS nations have long advocated for a more multipolar financial landscape, with less reliance on the dollar. A gold-backed currency could provide a stable alternative, reducing currency volatility and inflation risks. For countries like Russia and China, which hold significant gold reserves, this could increase their financial influence.

Watch video version - https://youtu.be/gdWMFep1DCM

What Would a BRICS Gold-Backed Currency Mean?

1. Currency Stability: Pegging currency value to gold can reduce inflation and provide stability, especially in volatile markets.

2. Impact on the US Dollar: A successful gold-backed currency could challenge the US dollar’s dominance in global trade, potentially weakening its value.

3. Investment Implications: Investors might see a shift towards gold as a safe-haven asset, with potential impacts on forex markets and commodity prices.

As the world watches these developments, individuals and businesses alike must consider the potential impact on savings, investments, and future financial planning.

As of 2024, numerous countries have expressed interest in joining the BRICS bloc, with over 40 nations considering membership and 15 formally applying. These include countries from various regions like Kazakhstan, Belarus, Pakistan, Cuba, Palestine, and Turkey, which officially applied in 2024. The growing interest in BRICS stems from its potential to offer an alternative to global organizations typically dominated by Western powers.

In the upcoming BRICS Summit in Kazan, Russia, further expansion discussions will take place, with countries like Algeria, Azerbaijan, and Thailand among potential new members. BRICS currently has nine members: Brazil, Russia, India, China, South Africa, and the recent additions—Egypt, Ethiopia, Iran, and the UAE, who joined on January 1, 2024.

The bloc is seen as a potential counterbalance to the influence of Western economic powers, particularly in global financial and trade matters.

To learn how to manage your finances and stay ahead of global shifts, subscribe to the Charles Kelly Money Tips Podcast on YouTube.

What’s in Store in 2024? Stock Markets, Property and Gold - Watch full video on Money Tips Podcast YouTube Channel https://youtu.be/difmr0fp5-Q

For a free gold, investment report, and Discovery Call, click here (https://pure-gold.co/charles-kelly)

3 Steps To Unlocking Financial Freedom!

I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.

Join me online on my free live money management training Wednesday at 7.00PM.

Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH

#finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #UKPropertyMarket #TenantsRights #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards #inflation #Fixedratemortgage #PayYourselfFirst #FinancialFreedom #WealthBuilding #MoneyManagement #CharlesKellyMoneyTips #PersonalFinance #InvestingTips #BRICSCurrency #GoldBackedCurrency #GlobalEconomy #FinancialReset #BRICS #CharlesKellyMoneyTips #Podcast #USDollar #Investing #GoldInvestment #CurrencyReset

As the Governor of the Bank of England, Andrew Bailey, tells the Guardian that the Bank could be a “bit more aggressive” at cutting borrowing costs, depending on the rate of inflation, the question borrowers are asking is should I opt for a fixed rate mortgage rate or wait until base rates fall?

The Bank reduced base interest rates from 5.25% to 5% in August, the first drop in cut in four years. However, Mr Bailey warned that the Bank was monitoring developments in the Middle East "extremely closely", as any movement in oil prices that could fuel inflation.

With rising interest rates in the UK, many homeowners are asking, "Should I fix my mortgage rate now or wait until base rates fall?" This decision can have a significant impact on your monthly payments and overall financial situation, so it’s crucial to weigh the pros and cons.

For investors with rental properties in their own names, the Section 24 landlord tax forcing landlords to rethink buy-to-let, but the is a solution. Watch YouTube video: https://youtu.be/aMuGs_ek17s

The Case for Fixing Your Mortgage Rate

Fixing your mortgage rate can provide peace of mind, as it locks in your monthly payments for a set period—usually 2, 5, or even 10 years. This means that if interest rates continue to rise, you won’t be affected. It’s a popular option for homeowners who want stability and to budget more effectively.

Current rates may seem high compared to a few years ago, but they could rise even further. By fixing now, you can avoid potential increases in mortgage repayments. Additionally, fixed rates offer protection against market volatility and economic uncertainty.

The Case for Waiting

Some experts predict that base rates may fall in the coming years, especially if inflation eases and economic growth slows. If this happens, waiting could allow you to secure a lower mortgage rate in the future. However, this strategy carries risks—if rates rise instead, you could end up paying more.

Ultimately, the decision depends on your financial situation and risk tolerance.

For more advice on managing your mortgage and personal finances, subscribe to the Charles Kelly Money Tips Podcast on YouTube.

Understanding the housing market and mortgage options can help you make the right financial decision. Stay informed and take control of your financial future!

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

Watch video version - https://youtu.be/Wx1HXgVW1bM

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s

3 Steps To Unlocking Financial Freedom!

I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.

Join me online on my free live money management training Wednesday at 7.00PM.

Places are limited, so register now below to avoid disappointment.

https://bit.ly/3QPp8IH

#MortgageRates #FixedRateMortgage #BaseRate #UKHousing #InterestRates #MoneyManagement #CharlesKellyMoneyTips #Podcast #PersonalFinance #HomeLoans #property #buytoletmortgage #landlord

Many people believe that to make money in UK property, you need substantial savings for deposits and renovation costs. However, it is possible to invest in property with little to no money of your own. In my latest Charles Kelly Money Tips Podcast, I explore strategies that can help you get started in UK property without using your own cash.

Joint Ventures are one popular method. By partnering with investors who have capital but lack the time or expertise, you can bring your skills to the table and share profits. The key is finding the right partner and offering value.

Another strategy is rent-to-rent, where you lease a property from a landlord and then rent it out for a higher rate. This method allows you to generate cash flow without needing a large upfront investment.

Property sourcing is another option. You find properties below market value and sell them to investors for a fee. This requires market knowledge and negotiation skills but can be a great way to make money without buying property yourself.

Lastly, creative financing techniques, like lease options, allow you to control a property now and purchase it later, often with no deposit required.

Watch video version - https://youtu.be/YJ6MsVzq7DA

By leveraging these strategies, you can get started in property investment even if you don’t have your own cash. For more insights, watch the latest episode on my YouTube channel, Charles Kelly Money Tips Podcast. Link: https://www.youtube.com/@charleskellymoneytipspodca9121

Labour Hint Of Wealth Tax, Higher Inheritance and Capital Gains Taxes And “Painful” October Budget

Concerns over potential tax hikes, as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax, are already causing an exodus of the rich.

Watch full video version - https://youtu.be/P0WTdbIAuks

How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.

Watch video version - https://youtu.be/Wx1HXgVW1bM

Section 24 Landlord Tax Hike

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

3 Steps To Unlocking Financial Freedom!

I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.

Join me online on my free live money management training Wednesday at 7.00PM. Places are limited, so register now below to avoid disappointment.

https://bit.ly/3QPp8IH