The Ultimate Preppers: Why China and Russia Stockpile Gold

Stacks of gold bars.

Russia has bought 106 tons of gold this year and the People’s Bank of China has similarly accumulated about 100 tons. (Image: Screenshot via YouTube)

Russia and China Buy More Gold as They Cut Down on Dollar Reserves

Gold bars.

In a bid to reduce dependence on the U.S. dollar as a trade currency and reserve, Russia and China have been buying up gold furiously over the past several months. (Image: via Nspirement)