BRICS gold-backed currency and the many issues that it needs to overcome. The main concern is, who do you trust to hold the gold?
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Ideally the backing is publicly auditable. Like all gold bars are in a glass case and there's a public website where anyone can move a robot camera over the glass case and check any of the serial numbers against some public ledger. Not perfect but something like that.
Transparency cleanses self interest.
This is why Bitcoin is so much more reliable. Everything is on the ledger that no one can modify or manipulate.