James Rickards discusses the history of gold within Russian and the pivotal role it has played in their economy of the past couple of decades.
For years, Russia has been stockpiling gold in the anticipation of breaking away from the dollar reserve system. Do they believe that this day is rapidly approaching, or are they simply preparing for the worse as they continue to horde gold.
How much damage can be done to the financial system via Russia's massive gold reserves and will it be enough to weather the current storm they have found themselves in?
Lets find out.
- Video Source, Fat Tail Investment Research
