Russian President Vladimir Putin is developing a taste for gold. William Rhind, CEO of the World Gold Trust Services said, with all of its income from selling oil, Russia is diversifying its reserves by buying massive amounts of gold. Of all the central banks that make their reserve actions public, Russia has been the "largest, most active" gold accumulator, he explained. Still, Rhind said, the "elephant in the room" is how much gold China is buying, as Beijing does not publish these figures. http://yhoo.it/1F1qMvj http://bit.ly/1fJ5yqZ
11/18/2014
Why Putin is Buying so Much Gold
Russian President Vladimir Putin is developing a taste for gold. William Rhind, CEO of the World Gold Trust Services said, with all of its income from selling oil, Russia is diversifying its reserves by buying massive amounts of gold. Of all the central banks that make their reserve actions public, Russia has been the "largest, most active" gold accumulator, he explained. Still, Rhind said, the "elephant in the room" is how much gold China is buying, as Beijing does not publish these figures. http://yhoo.it/1F1qMvj http://bit.ly/1fJ5yqZ
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