Russia Add More Gold to Its Reserves In Further Move Away From the Dollar

1 post / 0 new
#1 Sun, Jun 22, 2014 - 8:08pm
hampton, NH
Joined: Jun 24, 2013

Russia Add More Gold to Its Reserves In Further Move Away From the Dollar

Russia adds another 9 tons of gold to its reserves in the last month.

Russia has been increasing its gold reserves at a rapid pace in recent years. It's no secret Russia (and China) is on a mission to reduce and perhaps eliminate its reliance on the U.S. dollar.

Russia's move to do so has been accelerated by the situation in Ukraine. The United States has imposed financial sanctions against Russia to retaliate against what they see as Russian aggression in Ukraine.

Russia has responded with three initiatives designed to avoid the impact of the U.S. sanctions by reducing its reliance on the U.S. dollar.

The chart below shows the progress Russia is making in its third initiative to increase their gold reserves:

Edited by: Smaulgld on Nov 8, 2014 - 5:30am

Notice: If you do not see your new comment immediately, do not be alarmed. We are currently refreshing new comments approximately every 2 minutes to better manage performance while working on other issues. Thank you for your patience.

Become a gold member and subscribe to Turd's Vault


Donate  Shop

The TFMR Silver Round
Doc and TF Partnership Advertisement

Recent Comments

by atarangi, 2 hours 19 min ago
by atarangi, 2 hours 54 min ago
by abundance, Dec 10, 2018 - 11:53pm
by atarangi, Dec 10, 2018 - 11:48pm
by lakedweller2, Dec 10, 2018 - 9:39pm