Why Russia Continues to Accumulate Gold
Date Posted: June 29, 2018
Read time: 1 min
Kitco News' Daniela Cambone welcomes Frank Holmes back to the program to discuss Russia and gold, particularly why the country has been increasing its gold reserves.
Kitco News’ Daniela Cambone welcomes Frank Holmes back to the program to discuss Russia and gold, particularly why the country has been increasing its gold reserves. Frank points out that Russia isn’t the only country stockpiling the yellow metal, as China has been doing the same for quite some time. He says the reason these countries are upping their reserves is simple – to hedge against the unpredictability of the U.S. dollar.
In this interview Frank also discusses his outlook for gold heading into the second half of the year. Watch the full replay below!
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