BRIC by BRIC

by James Rickards Daily Reckoning

It’s finally here…

Today, Aug. 22, is a date I’ve been warning readers about for months.

It’s the date when a great monetary shock is set to hit the global financial system.

That’s because the BRICS nations are now meeting in South Africa, where they’ll take steps to create a new gold-backed currency as a dollar alternative.

The meeting wraps up on the 24th.

By understanding what is about to hit the global monetary system, you can better prepare to protect and even grow your wealth.