Commodity Trade Mantra

Posts Tagged ‘BRICS Member’

Petrodollar Dumpers - Russia & China Dominate Global Gold Production

China is way ahead in gold production & Russia isn’t far behind. Russia surpassed U.S. gold production for the first time in 25 years back in 2014. With cheap operational costs, expect the Russian gold rush to continue. Russia and China are already actively dumping U.S. Treasuries for gold. And together they are now openly defying Washington’s geopolitical plots. Devalued paper for gold.

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