When Vladimir Putin says the U.S. is endangering the global
economy by abusing its dollar monopoly, he’s not just talking. According to Bloomberg 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. The added gold is also
almost triple the weight of the Statue of Liberty.
“The more gold a
country has, the more sovereignty it will have if there’s a cataclysm with the
dollar, the euro, the pound or any other reserve currency,” Evgeny Fedorov, a
lawmaker for Putin’s United Russia party in the lower house of parliament, said
in a telephone interview in Moscow…..
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