The gold and silver prices are down to start the new week, with the gold futures currently down $27 and the silver futures down 70 cents.
However, as is often the case, there's plenty of news happening behind the scenes, and today we have a guest column from my colleague Vince Lanci, who recently reported on an update about the BRICS 40% gold-backed UNIT currency proposal.
BRICS Launch Gold-Backed UNIT
Background- What is The Unit?
'The Unit' is a BRICS concept that proposes a 40% gold-backed payment settlement currency that first emerged publicly when Pepe Escobar reported on it back in 2024.
It's a proposal that would essentially allow BRICS nations to conduct trade while having a gold and BRICS currency-backed payment basket to settle imbalances.
'The Unit project,' first revealed by Sputnik in 2024, is emerging as the most viable option for breaking the US dollar's stranglehold on global trade and investment.
-Pepe Escobar
While many were upset when the 2024 BRICS Summit came and went without a launch (although the meeting did produce an official acknowledgement that the UNIT concept was an 'issue under discussion' on the BRICS Pay website), this short video clip of Pepe Escobar suggests that the project is actually still well on schedule.
Executive Frame
For nearly two decades, the global payments system has relied almost entirely on debt-backed sovereign money and correspondent banking trust to conduct trade. That architecture is now fracturing under geopolitical strain, sanctions regimes, and capital controls. As settlement rails bifurcate along East-West lines, experiments are emerging to rebuild trust at the asset level rather than the sovereign balance-sheet level.
UNIT represents one of the clearest formal attempts to do precisely that: engineer a basket-backed, collateral-anchored settlement instrument intended specifically for wholesale, cross-border trade in a multipolar financial world.
"UNIT reflects the rise of collateral-anchored settlement instruments and the geopolitical bifurcation of global payments into bloc-based parallel monetary systems."
Engineering the UNIT Instrument
The UNIT concept originates with the Unit Foundation, which describes the instrument as a supranational settlement unit backed by a reserve basket composed of:
60% sovereign fiat currencies (for transactional stability)
40% physical gold (for intrinsic collateral anchoring)
Issuance operates through a fractal, node-based model. Each participating node deposits a full replica of the reserve basket locally and mints a proportional quantity of UNIT tokens. There is no single central vault, no supranational issuer, and no sovereign guarantee. Supply discipline arises from asset custody and issuance rules rather than debt issuance authority.
Once minted, UNIT tokens circulate freely across settlement networks as a wholesale medium of exchange.
Critically, UNIT is non-redeemable at the holder level. Token holders cannot convert UNIT into gold or fiat. Only entire nodes may liquidate reserves during structured exits or buyouts. This design stabilizes reserves and mirrors historic trade-clearing units rather than consumer currencies.
"Gold anchors valuation confidence without introducing redemption risk."
What UNIT Is and Is Not
UNIT's structure places it in a narrow category distinct from modern CBDCs or crypto stablecoins.
Unlike CBDCs, UNIT is not issued by any state nor used for domestic payments.
Unlike stablecoins, UNIT is not designed for retail circulation or reserve convertibility.
It most closely resembles Keynes's proposed Bancor: a non-redeemable, basket-anchored settlement unit designed specifically for international clearing.
UNIT's defining attributes:
Basket stability
Non-redeemable issuance discipline
Distributed reserve custody
Sovereign neutrality
Wholesale-only settlement use
Blockchain as Execution Rail
The UNIT's digital execution has been undertaken by the International Research Institute for Advanced Systems (IRIAS), which announced deployment of the UNIT token on the Cardano blockchain.
The blockchain does not define monetary policy. It performs three operational functions:
Authenticity certification: Guarantees non-duplication and traceable transfers of UNIT tokens.
Settlement execution: Enables cross-border transfers without dependence on correspondent banking chains.
Accounting reconciliation: Provides immutable ledgers for jurisdiction-spanning settlements.
UNIT itself remains the monetary object; blockchain is the rail that carries it.
"The blockchain is the vessel. UNIT is the value."
UNIT is native to distributed ledger and CBDC rails and only indirectly compatible with legacy messaging systems like SWIFT, which lack asset-exchange functionality.
Role in Global Trade
UNIT is not intended to be a consumer currency. Its roles are purely institutional:
Medium of Exchange: Direct settlement of commodity and trade invoices without intermediary FX conversions.
Unit of Account: Pricing reference for cross-border contracts and intergovernmental agreements.
Settlement Instrument: Alternative clearing unit capable of bypassing correspondent banking chokepoints.
In practice, a UNIT transaction follows a simple flow:
Trade invoice denominated in UNIT.
Payment transmitted across blockchain or sovereign settlement rail.
UNIT credited to exporter or counterparty.
No retail conversion. No physical delivery. No bank-to-bank FX chains.
The Historical Parallel
UNIT echoes the original Keynes Bancor vision from 1944:
Multilateral settlement unit of account.
Collateral anchoring without redemption rights.
Issuance governed by contribution rules, not credit expansion.
Designed to stabilize trade balances rather than serve domestic consumption.
The primary innovation is technological: Bancor was ledger theory; UNIT is ledger execution.
What This Actually Means
UNIT does not represent a monetary coup or instantaneous de-dollarization. It represents something more subtle and more powerful:
A working proof that collateral-based settlement systems are being formally engineered as the global payments network fragments.
In that sense, UNIT is neither marketing fiction nor geopolitical weapon. It is a progress marker:
Confirmation that asset anchoring is replacing trust anchoring.
Evidence that multipolar settlement is moving from talk to infrastructure.
A case study validating the structural themes observed over the past decade.
Closing
The UNIT does not "solve" the multipolar settlement.
It signals that the solution set is being built.
This is documentation of an ongoing architectural shift in global finance: from sovereign debt trust to collateral trust, from single-rail settlement to multi-rail clearing, and from centralized monetary authority to distributed issuance logic. In other words: It's likely happening.
Don't miss out on the opportunity to invest in Gold & Silver. Check out our featured companies today: (Ad)
Augusta Precious Metals — Named “Best Overall” by Money Magazine and trusted by high-net-worth investors. Augusta specializes in premium IRA and 401(k) rollovers, offering direct access to educational 1:1 web conferences and U.S. Mint-approved gold and silver.
- Minimum Investment: $50,000
- Fees: $0 storage up to 10 years
- Rating: ★★★★★ (A+ BBB, AAA BCA)
Goldco — With over $2 billion in precious metals placed for customers, Goldco is a leading name in Gold & Silver IRAs and direct bullion purchases. Known for its strong buyback program and industry awards, Goldco offers both IRA and non-IRA investments.
- Minimum Investment: $25,000
- Buyback Guarantee: Yes
- Rating: ★★★★☆ (A+ BBB, AAA BCA)
American Hartford Gold — Ranked #1 Gold Company on Inc. 5000, endorsed by Bill O’Reilly and Rick Harrison. AHG offers flexible IRA rollovers and direct gold & silver purchases, serving over $2B in precious metals to clients nationwide.
- Minimum Investment: $10,000
- Endorsements: Bill O’Reilly, Rick Harrison
- Rating: ★★★★☆ (A+ BBB)
Content quality approved by JPost. JPost oversees the native, paid, and sponsored content on this website and guarantees quality, relevance, and value for the audience. However, articles attributed to this byline are provided by paying advertisers and the opinions expressed in the content do not necessarily express the opinions of JPost.The sponsor retains the responsibility of this content and has the copyright of the material. For all health concerns, it is best to seek the advice of your doctor or a legal practitioner.