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Russia's Gold Reserves Are a Growing Threat to the U.S. Dollar
Russia had a rough time in 2014. Crashing oil prices and sanctions from the West caused the ruble to fall 46% to an all-time low of 80 rubles to 1 U.S. dollar. Inflation climbed all the way to 11.4%.
But Russia continued aggressively adding to its gold reserves, despite these challenges and hardships.
Russia had a rough time in 2014. Crashing oil prices and sanctions from the West caused the ruble to fall 46% to an all-time low of 80 rubles to 1 U.S. dollar. Inflation climbed all the way to 11.4%.
But Russia continued aggressively adding to its gold reserves, despite these challenges and hardships.