Russia

Despite U.S. sanctions impacting on some elements of Russia’s foreign trade, the country’s central bank is continuing with its seemingly inexorable increase in its gold reserves . . . .

It’s a little-known fact in the West, but Russia has very little sovereign debt. In fact, if you ignore the corruption and misallocation of capital in the Russian economy, you could make the case that Moscow has been more financially responsible than Washington over the last several decades . . . .

Russian Central Bank Gold Reserves Rise to 1,857 Tons in January . . . .

Chinese business news and analysis portal BWChinese has outlined how, in addition to the petro-yuan, China and its Russian partners can go about creating a real global alternative to the US dollar . . . .

It’s no secret that Russia has been stacking the shiny phyzz for years, and here’s a glimpse showing exactly how they stack . . . .

The Russian economy appears to be in a far better state than that of the USA. The country’s economic management seems to be comfortably better than most Western economies . . . .

One of the most notable events in Russia’s precious metals market calendar is the annual “Russian Bullion Market” conference. Formerly known as the Russian Bullion Awards . . . .

As we reported both here and here, gold is the answer going forward. How we the people will access physical gold or if we will be able to access physical gold is really the only remaining question . . . .

Last week Russia’s Central Bank First Deputy Governor Sergei Shvetsov said Russians own gold bullion and their central bank is adding to its gold reserves in order to “beef up national security" . . . .

Russia’s Far East Development Fund and China’s state-owned gold mining company, China National Gold Group, are to sign an accord by the end of this year on setting up a joint US$1 billion investment fund targeting new projects in the metals and mining sector . . . .