BRICS Currency: Is the claim by Robert Kiyosaki about the new ‘Unit’ backed by gold from BRICS countries valid?

New Delhi: Renowned investor and author of ‘Rich Dad Poor Dad’ Robert Kiyosaki has reinforced his old warnings about the future of the US dollar. He advised investors to turn towards cryptocurrencies and precious metals. This advice comes at a time when alternative financial systems are being discussed worldwide. Kiyosaki claimed on the social media platform ‘X’ that the BRICS countries have announced a ‘gold-backed’ currency named ‘Unit’. However, it is important to note that there has been no confirmation of any new currency by BRICS countries. This is merely a concept or research topic. Therefore, Kiyosaki’s concerns about the US dollar are currently speculative. He cautioned his followers about the risks of hyperinflation that could potentially erode the value of the American dollar.