Russia & China stockpiling gold because ‘they can read the writing on the wall’ – Peter Schiff ...News

Global central banks, particularly those in Russia and China, have been boosting their gold reserves at a rapid place lately. The trend is projected to continue due to trade tensions and market uncertainty. Russia, which was the world’s most committed purchaser of gold in 2018, has bought 106 tons of the precious metal this year. The country’s gold bullion holdings have reached $109.5 billion as of September. Russia is on course to become the world’s fourth largest reserve holder, largely thanks to the steady interest in buying gold. Also on rt.com China boosts gold reserve

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