Russia has the world's largest gold buyers
Under the leadership of the current President, Vladimir Putin, the Russian Federation over the past ten years has become the largest buyer of gold in the world, ahead of China in terms of shopping.
- Russia under Putin has overtaken China is buying gold
Russia under Putin has overtaken China is buying gold
As Bloomberg reported, citing data from the International Monetary Fund, the Russian Central Bank over the past decade has purchased 570 tons of gold, a quarter more than China.
"When Putin says U.S. threatens global economy by abusing the monopoly of the dollar, he not only says. He makes a bet on it, "- said the agency.
"The more gold in the country, the more it will receive sovereignty in case of disaster with the dollar, euro, pound or any other reserve currency," — said the agency representative of the Russian ruling party United Russia Yevgeny Fyodorov.
Note that according to the consensus forecast of 26 analysts surveyed by Bloomberg, by the end of this year, the metal will rise to $ 1,825 an ounce to about $ 1,660 today.
It is noteworthy that the developed countries in the last ten years, selling more than buying gold: Switzerland broke up with 877 tons worth about $ 48 billion, France sold 589 tons, and Spain, the Netherlands and Portugal have sold more than 200 tons each.
"Even after the" spurt "of Putin's Russia in stocks 958 tons took 8th place in the world … The first place belongs to the United States with 8,134 tons, followed by Germany with 3,391 tonnes and the IMF to 2,814 thousand tons, "- said Bloomberg, noting that the proportion of gold in the Russian reserves of around 9.5% at the time, as the United States, Germany, Italy and France, the figure is over 70%.