By Ben Aris in Berlin Leaders of the Global South will flock to Kazan, the capital of Tatarstan, on October 22 for this year’s BRICS summit hosted by Russia, where they hope to thrash out some more details of the new non-aligned global order that its de facto leaders,

The BRICS group of emerging-market powers — the acronym stands for Brazil, Russia, India, China and South Africa — has gone from a slogan dreamed up at an investment bank two decades ago to a real-world club that controls a multilateral lender.

A recent report from the World Gold Council reveals that the BRICS nations (Brazil, Russia, India, China, and South Africa) collectively hold over 20% of the world's gold reserves. This substantial stockpile underscores the growing economic power and influence of these emerging economies.