Gold-Backed Ruble Could Become Game Changer for World Monetary System – Scholar

• Gold-Backed Ruble Could Become Game Changer for World Monetary System – Scholar
  by https://sputniknews.com/
  While the United States continues to ramp up sanctions against Russia, Moscow keeps building up its gold reserves, which have already quadrupled since 2008 and currently amount to nearly 2 thousand metric tons.
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  Commenting on the recent reports about Russia increasing its gold reserves, Thorsten Polleit, Honorary Professor of Economics at the University of Bayreuth and co-founder of an Alternative Investment Fund, told Sputnik that “holding gold is certainly a smart route to take” for a country that seeks “a hedge against the demise of the US dollar” or wants to decrease its dependency on the US currency.
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  “If Russia decides to back the Ruble with gold – this could be a truly powerful game changer for the world’s monetary system!” he declared.
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