Putin Buys 570 Metric Tons of Gold...

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Putin Buys 570 Metric Tons of Gold...

Post  News Hawk on Tue Feb 12, 2013 7:52 pm

When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it. Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the past decade, a quarter more than runner-up China, according to IMF data compiled by Bloomberg..."
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That's three times the weight of the Statue of Liberty...

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Re: Putin Buys 570 Metric Tons of Gold...

Post  WHL on Wed Feb 13, 2013 7:21 am

Yes, and China is buying up a lot of gold, too.
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