Russia continues to build its gold reserves

As a Reuters report points out, Russia has now more than tripled its gold reserves in the past ten years, even as it recently has presumably had to use some of its its international currency reserves to defend the ruble with the national economy having been driven to the brink of recession. The ruble slid almost 50% in the past 12 months which makes the nation’s gold reserves ever more important to its global economic status.

Russia continues to build its gold reserves