Rumors Russia Preparing to Launch a Gold Backed Crypto Says Former Europe Minister For Portugal

Russia has been buying tons of gold for months, with their central bank buying more gold than produced by Russian mines for the first time.

They might now start importing gold, with China joining recently. “China’s on a bullion-buying spree as Asia’s top economy expanded its gold reserves for a fourth straight month,” says Bloomberg.

Russia’s USD reserves have fallen from 46% in mid-2017 to now 22% of the reserves. Much of it replaced with gold, which now accounts for 20% of their reserves Read More...

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