Russian Gold Stockpile Grows as Analysts Warn of Global Recession28.8

Following sanctions imposed on Russia, Putin is supporting a mass gold stockpile expansion and a sale of U.S. debt holdings. With a trade war blazing, and sanctions laid across countries to force North Korea and its associates into submission, what happens to other economies? Countries like Russia are using this opportunity to step away from America’s mounting debt. It seems like other countries, particularly developing economies, prefer precious metals to the almighty dollar. How Much Gold Has Russia Purchased This Year? Stats from the Central Bank of Russia show that more than $4.5 billion has been settled in gold since

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