Gold as a weapon for overturning the global political and monetary order?

This article examines the evolving role of gold in reshaping the global monetary and geopolitical order, particularly following the 2008 financial crisis. Through a tripartite methodology media analysis, quantitative assessment of central bank gold reserves, GDP trends, and scenario-based strategic evaluation, the study explores how gold accumulation reflects broader shifts in state power and challenges to the US dollar’s hegemony. Key findings reveal a stark divergence between the Global North, led by the G7 and South, led by the BRICS. Media analysis underscores dedollarisation efforts, driven by US sanctions and declining confidence in fiat currencies, with BRICS actively pursuing alternative payment systems and a potential gold-backed reserve currency.The 2008 crisis emerged as a critical inflection point, catalysing BRICS’ strategic gold hoarding as a hedge against systemic risks and a tool to assert economic sovereignty. Data indicate a robust correlation between BRICS’ GDP growth and gold reserves. The study concludes that BRICS’ gold accumulation signals a deliberate reconfiguration of global power dynamics, positioning gold as both a political instrument and a cornerstone of a potential multipolar monetary system. The BRICS are poised to leverage their reserves to redefine the rules of globalisation.