Russia National Wealth Fund seeks approval to add precious metals


graphic image of a golden bear“Finance Minister Anton Siluanov has previously said he favoured this plan, saying last year that he saw gold as more sustainable in the long-term than financial market assets.”

USAGOLD note: Given circumstances in the global bond market, Russia’s sovereign wealth fund might benefit from strong domestic production.  Some see Russia as ascending to the number one spot in global gold production some time within the next several years. With central banks, pension funds and other financial institutions joining the gold acquisition sweepstakes, there might be something to be said for being early to the game.

Repost from 11-13-2020

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