Russia is dumping gold faster than ever, holdings have plummeted by as much as 70% in 3 years

Russia, the world’s second-largest gold producer, has decided to aggressively sell gold and foreign currencies from its reserves accumulated in its National Welfare Fund. According to a report from Do Rzeczy, the move comes in response to deep fiscal problems caused by falling oil revenues from oil and gas exports, as well as a growing … Continue reading Russia is dumping gold faster than ever, holdings have plummeted by as much as 70% in 3 years