Russia continues to add to its gold reserves in its efforts to de-dollarize.
Russia Boosts its Gold Reserves
Russia adds another 300,000 oz. (9.3 tonnes) of gold to its reserves in the last month.
Live Gold Price
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:
Please visit the Smaulgld Store for a larger selection of recommended Kindles, books, music, movies and other items.
Or you can support Smaulgld.com by making purchases from our affiliates or by making all your Amazon purchases through the search widget below:
*DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.
The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.
The information contained herein does not constitute legal, tax or investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.