The Importance of Gold to Nations and Individuals

“For us (Russia and China) it is important to deposit those (gold and currency reserves) in a rational and secure way,” he said. “And we together need to think of how to do that keeping in mind the uneasy situation in the global economy.” Russia’s President Vladimir Putin

“We are buying metal and will continue to pursue this course,” “This is a course of asset diversification in a situation when investing in securities or deposits remains risky.” Alexei Ulyukayev, First Deputy Chairman of Russia’s Central Bank

In contrast, you will most likely never hear United States President Barack Obama or U.S. Federal Reserve Chair Janet Yellen discuss “the nation’s gold” or their plans to preserve it or obtain more.

The Importance of Gold to Nations and Individuals