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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Could Russia back its currency with gold?

By cpowell
Created 2014-12-23 13:47

By Matt Clinch
CNBC.com, New York
Tuesday, December 23, 2014

Russia's government could still be pushed into using its gold reserves to bolster the falling ruble, currency experts have forecast.

Rumors last week that Russia was on the verge of selling its gold reserves were quashed with the news on Friday that it has continued to add to its holdings. However, John Butler, chief investment officer at Atom Capital, and Alasdair MacLeod, the head of research at online bullion exchange GoldMoney Foundation, believe that Russian President Vladimir Putin could bring the country onto some sort of "gold standard" to try to shore up its economy. ...

... For the remainder of the report:

http://www.cnbc.com/id/102290857 [1]



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