Discussion in 'Gold' started by bretto, Jun 14, 2019 at 8:20 AM.
Some valid points though beneath the broad generalisation.
I'll treat that article as an indicator of "time to buy".
500 B in Russian hoard , cant be delusional can it?
where is it for us should be everyone asking
Read somewhere in last 24 hours that the Russian USD500bn in gold and foreign reserves (revisit to that level post propping up the ruble) was enough to keep them going through another / next financial crisis.
I looked at the Russian ruble and the price of gold and investing in the stock market in Russia. I don’t know how accurate the data is but it gives you some idea.
Taking the last 5 years the gold in Russia gone up about 100%, roughly the same as the Russian Stock Market.
Taking the different period of time will give you different results. But it shows you that gold has its place in your portfolio. Keeping your investment in Fiat money in Russia, you would be a big loser. Mind you I didn’t consider the interest rates you get from the bank deposit.
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