In 2016, next to China, Russia was the second largest buyer of gold. For what purpose?
Is this the reason? To replace the dollar as the #1 world currency? The dollar replaced the Sterling before.
I have attached the link here for anyone who is interested about this.
http://anonhq.com/russia-leaving-global-banking-system-dumping-us-dollar-for-gold/
http://america.aljazeera.com/articles/2014/5/20/russia-china-bankdeal.html