Big Lesson For Gold Investors In Russia's Currency Crash
Fact is, Moscow’s gold strategy over the last decade has made the metal a key symbol of Russia’s revived strength and stability. The political power of today’s huge CBR gold reserves is worth way more to the Kremlin than its cash value. The lesson for Western investors expecting gold to protect their money, meantime, is to buy it themselves. Even record-high central bank holdings won’t help.
