Russia and China Considering a Return to the Gold Standard

in gold •  8 months ago

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sputniknews.com
JAN 16, 2018

ORIGINAL SOURCE: Chinese Media Explain How Russia & China Can Escape 'Dollar Domination' by sputniknews.com on 1/16/18

Chinese and Russia have been accelerating and stockpiling their purchases of physical gold as well as stepping up global acquisitions of mining operations. The precious metal at present remains the biggest single danger to the hegemony of the dollar

According to the publication, China and Russia have engaged in an "aggressive" buildup of their gold reserves over the last decade, growing from about 400 tons in 2007 to 3,670 tons today (i.e. 1,842.6 tons for China and 1,828.6 tons for Russia, respectively, according to the World Gold Council).

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Chinese Media Explain How Russia & China Can Escape 'Dollar Domination'

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