SCO & BRICS latest news and insights
By Rhod Mackenzie
In 2014 in response to the first sanctions imposed on Russia by the US,G&7 and the EU which were imosed after the reuninfication of Crimea with the Motherland the Russian Central Bank started to reduce dramatically their holding of US treasury bills and instead invest their reser...
The situation with gold is paradoxical. While the price of gold in dollars is reaching unprecedented heights on the global market, the price in rubles is experiencing a decline in Russia. In Russia, the price of gold has decreased from 9,000 to less than 8,000 rubles per gram. What are the driving f...
There is a transatlantic gold rush taking place – the mass outflow of gold from London vaults to New York –this an unusual occurrence, the reason for which is not yet clear. The most common explanations is fear, but open ups space for conspiracy theories. .In recent weeks, the gold market has seen...
Russia has accumulated a record gold reserve in the last twenty-five years. In January, the share of gold in Russian reserves reached 33.3%, representing the highest figure since autumn 1999. The value of the gold reserves exceeded 200 billion dollars. Could this signal a shift away from the dollar,...
Gold has become a new way of saving for Russians. Last year saw the highest volume of purchases of gold bars, coins and jewellery in a decade. Russia was among the top five gold-loving countries. Why has demand for this type of investment soared, and what happened to the love of dollars and euros,...
As most of you are aware it was a good year for the gold price as it was up over 30% year on year but from a BRICS and SCO pesrpective it was excellent as both China and Russia are the World's two top gold producers and between them mine around 30% of Global production.Given that annual production i...
