Click here to get this article in PDF
World Gold Council/Dr. Tatiana Fic/6-16-2021
“The Russian Minister of Finance, Anton Siluanov, recently announced that 20% of the assets of the National Wealth Fund (NWF), the Russian public pension fund, will be invested in gold. Within the next couple of weeks Russia will change the structure of the NWF’s investment portfolio, entirely removing the US dollar, halving the share of the British pound and shifting to the euro, the Chinese yuan and gold.”
USAGOLD note: Much of this has to do with Putin’s rejection of the dollar as the world’s premier reserve currency – a goal Russia shares with China. The anti-dollar stance was formalized between the two countries back in March when the two countries issued a joint statement expressing their goal to end the dollar’s position as the world’s dominant reserve currency.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.