Posted on Jul 28, 2018
Russia is Dumping Its US Bonds for Gold, But Where Is It Storing Its Bullion?
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Not so much about confidence in the US dollar, but rather taking an advisariable role. They’re trying to get other nations (e.g., China, Iran, NK, etc) to buy/sell oil in other than dollars. They want to become independent of US rules and policies by ditching US financial instruments.
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Think they have lots of underground locations that would work. Hard currency is their ultimate goal and can't get much harder than gold bullion.
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Gold isn't worth much these days, Russia will never advance as long as they keep their Cold War mentality with the same people running the country.
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