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no, it's the idea of goldbugs that some currency will get re-pegged to gold, thus gold will go the moon and they will get rich.
i can sort of accept hand wavy argument that dollar is (very)-softly-sorta-kinda pegged by oil (or it's necessity rather), but retvrn to gold is just dreams. for one, there is no need. Frankly all trade could be bilateral literally today, with fake liquidity pools-like automated systems held by cb. what other commodity is there, if needed? compute by petaflops? usa would dream of it.
gold for settling yearly trade imbalances? it's less flexible than interest finagling, and doesn't exactly help with countries issues, cause no one fixes those anyway.
I don't think it needs to be a return to gold. In practice it can be a basket of commodities. There's nothing unique about gold, but what matters is that physical commodities have inherent value derived from the labour it takes to create them. Countries that are commodity producers have something of tangible value to offer, and that's what underlies the strength and stability of their currency. In fact, petrodollar has been a big aspect of what gave dollar stability. Everybody needs to buy oil for their energy production, and that created a steady demand for dollars when it was the only currency you could by oil in.
I do agree that bilateral trade is the the most likely scenario in short to medium term, but I can definitely see something akin to Bancor being created by the BRICS and to give it legitimacy, it could be backed by a basket of commodities that BRICS countries produce.
but why you need backing, is the part i don't get? for who? for countries outside?
Both for countries outside, but also within BRICS because there isn't much trust between different members, such as China and India for example, and nobody wants the repeat of the dollar where a single nation gains disproportionate control over the system. Since commodities aren't inherently tied to a specific currency, that makes them a more neutral store of value.