Tag Archives: Russia

Ukraine’s Currency Hit by Hyperinflation, Rationing Underway

Ukraine’s currency, the hryvnia, plunged overnight leaving citizens scrambling to stockpile food, electronics, and whatever else they could this morning in a desperate effort to purchase something tangible with their rapidly declining currency. The currency has fallen by more than 70 percent … Continue reading

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Is the Stage Being Set for World War 3?

Throughout history there has always been a war going on somewhere, so it is nothing new that right now there are many pockets of the world currently embroiled in violence and unrest. But it is when grander dialogues emerge that … Continue reading

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January 2015 was the Best Month for Gold in 3 Years

Last month, several economic and geopolitical factors drove more investors to buy gold as a safe haven asset, leading to its biggest monthly gain in over three years. Here’s what happened: Uncertainty in Europe Switzerland de-pegged their currency from the … Continue reading

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Iran Opens Largest Gold Plant in Middle East, Doubles Production Plans

Iranian TV has reported that the country has opened the largest gold processing plant ever constructed in the Middle East, near the Zarshouran gold mine between the cities of Urmia and Zanjan.  The mine is expected to double the country’s production … Continue reading

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Putin Purchased More Gold in Q3 Than The Rest of the World COMBINED

The World Gold Council released its quarterly reports this week and revealed the frightening fact that Russia purchased more than 55 tonnes of gold in Q3 of 2014, more than every other country of the world COMBINED. This frantic accumulation … Continue reading

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Russia Has Increased Its Gold Reserves For Six Consecutive Months

Data released yesterday by the International Monetary Fund shows that Russia has continued to frantically increase its gold reserves, adding 1.2 million ounces for the month of September. This marks the sixth-consecutive month the country has increased holdings of the precious … Continue reading

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Russia Is Hoarding Gold

Each month, Russia continues to increase its reserves of gold, as it added almost 340,000 troy ounces in July, the IMF reported this week. The total gold estimated in Russia’s Central Bank reserves now totals more than 35.5 million ounces. … Continue reading

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