china, gold, gold reserves, reserve currency, russia

The Ultimate Preppers: Why China and Russia Stockpile Gold

Russia and China are furiously building up their gold reserves. Russia has bought 106 tons of gold this year and the People’s Bank of China has similarly accumulated about 100 tons. Russia’s gold reserves currently stand at about 2,200 tons, while Chinese reserves are pegged at 1,950. De-dollarization through building up gold reserves According to ...

Max Lu

Stacks of gold bars.