Russia added one million more ounces of gold to its reserves in November
DYI: As Russia continues to add to her gold reserves and maintains positive interest rates the Ruble will gain strength against more aggressive fiat currencies. This is just another reason why you are seeing so much negative Russian propaganda coming from our main stream press. If Russia continues adding gold and maintains positive rates our debt obligations will be harder to fund as world savers will have an alternative currency pressuring the American Dollar. It will be interesting how the Trump Administration deals with this situation. Hopefully they will put the U.S. on a path to cleaning up our fiscal house instead of pressuring other countries to purchase our debt obligations.
DYI
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