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RE: Russia Buys MASSIVE Amount of Gold! Is This For A Gold Backed Super Currency?
I don't think the two nations are related. I can only guess at why Russia's buying gold, but for China's I'm pretty sure that they're only using it as a form of legitimised bribery that ensures the state can't delete your bank account.
Also the Chinese numbers for how much gold they've acquired are HILARIOUSLY LOW considering how long (lol pun) they've been doing this.