Tag Archives: Gold

ISIS paid fighters with gold & silver for taking down aircraft and launching chemical attacks

ISIS jihadists were paid well for their service, documents belonging to the terrorist group, and obtained by RT in Iraq, reveal. Use of chemical agents was paid-for in silver, while taking down a chopper was rewarded with gold. Despite the common belief that Islamic State (IS, formerly ISIS/ISIL) fighters were often forced to join the terrorist group or were recruited ...

Read More »

Russia’s move to ditch dollar in favor of gold minimizes risk of US political blackmail – analyst

Bank of Russia data shows the country’s gold holdings are approaching 2,000 tons, nearly quadrupling over the recent decade and rising to 17 percent of the nation’s total foreign reserves. By opting to purchase precious metals and liquidating holdings of US Treasury securities, Russia has been playing it smart, precious metals market analyst Dimitri Speck said, commenting on the latest ...

Read More »

Young geniuses: Russian school kids bag gold and silver at world science competitions

Two teams of Russian school students returned home triumphant after winning several gold and silver medals at the international physics and chemistry Olympics. The International Physics Olympiad concluded last week with a five-person Russian team winning four gold medals and a silver. In addition to an impressive score, 16-year-old Moscow student Grigory Bobkov was named best male European participant by ...

Read More »

Russia’s gold reserves approaching Stalin-era record, cutting dependence on US dollar

With 2,000 tons of gold in reserves, Russia’s bullion holdings are approaching the Soviet peak seen in 1941. Moscow is striving for financial independence and escape from US dollar hegemony, analysts told RT. Read more “Some countries in the world want to depend as little as possible on US policy, they dump the dollar in trade and American assets as ...

Read More »

Where does Russia keep its huge gold reserves?

Amid growing uncertainty across global financial markets fueled by both geopolitical and trade conflicts, countries and investors have traditionally sought safety in gold. Some nations have started to either repatriate gold from abroad or actively buy the precious metal over recent years. Last year, the German central bank (Bundesbank) brought back 674 tons of gold reserves kept in Paris and ...

Read More »

Dollar detox: Russia's gold reserves near 2000 tons to set historic benchmark

Russia’s gold holdings are approaching the Soviet era record after the central bank added another 106 tons of bullion in the first half of the year. It’s part of a plan to diversify national reserves away from the US dollar. The entire gold reserve of the Russian Federation is nearing 2,000 tons with the share of the precious metal in ...

Read More »

South African gold industry in decline & nothing can change that, says country’s largest miner

One of the world’s largest gold producing nations, South Africa, is facing a steep decline in output because of depleting reserves and aging infrastructure, according to the country’s biggest miner, AngloGold. Read more “Gold is a sunset industry. It doesn’t matter what you do, it doesn’t matter how you do it, you are not going to be able to change ...

Read More »

Russia ditching US Treasuries for gold in bid to protect economy & diversify – analysts to RT

Russia has left the top-30 list of top lenders to the United States by radically slashing US Treasury bills ownership. RT-polled analysts have shared their opinion on the move. “Both political and economic reasons could be found here. The Central Bank may have thought that Russia-owned Treasuries could be frozen because of geopolitical tensions. The regulator announced in spring that ...

Read More »

Gold to prove crucial hedge against next financial crisis – analyst

While unsteady financial markets are bouncing up and down due to trade and geopolitical conflicts as well as political uncertainty, some investors turn to less risky assets, principally to gold. According to the recent report by the London-based consultancy Rosa & Roubini Associates, the latest developments in Italy could easily trigger another global financial crisis. Brunello Rosa, economics expert and ...

Read More »

Venezuela will refine gold in Turkey to protect reserves from US sanctions

The Central Bank of Venezuela will start refining gold in Turkey to avoid US sanctions –  penalties that deter the country from carrying out banking operations in Switzerland, according to the Venezuelan mining minister. “This is an agreement established with Turkey and the Venezuelan central bank,” Victor Cano told journalists. “It’s being done by allied countries because imagine what would ...

Read More »
Show Buttons
Hide Buttons
error: Content is protected !!