{"id":1287,"date":"2013-02-10T21:16:48","date_gmt":"2013-02-11T02:16:48","guid":{"rendered":"http:\/\/www.juniorminingnews.com\/?p=1287"},"modified":"2013-02-10T21:16:48","modified_gmt":"2013-02-11T02:16:48","slug":"under-putin-russia-is-largest-gold-buyer","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1287","title":{"rendered":"Under Putin, Russia is largest gold buyer"},"content":{"rendered":"<p><strong>By Scott Rose &amp; Olga Tanas<\/strong><br \/>\n<em>Bloomberg<\/em><\/p>\n<figure id=\"attachment_1291\" aria-describedby=\"caption-attachment-1291\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"http:\/\/www.juniorminingnews.com\/wp-content\/uploads\/2013\/02\/putin160.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1291\" title=\"putin160\" src=\"http:\/\/www.juniorminingnews.com\/wp-content\/uploads\/2013\/02\/putin160.jpg\" alt=\"\" width=\"160\" height=\"222\" \/><\/a><figcaption id=\"caption-attachment-1291\" class=\"wp-caption-text\">Vladimir Putin<\/figcaption><\/figure>\n<p>When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he\u2019s not just talking. He\u2019s betting on it.<\/p>\n<p>Not only has Putin made Russia the world\u2019s largest oil producer, he\u2019s also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the past decade, a quarter more than runner-up China, according to IMF data compiled by Bloomberg. The added gold is also almost triple the weight of the Statue of Liberty.<\/p>\n<p>\u201cThe more gold a country has, the more sovereignty it will have if there\u2019s a cataclysm with the dollar, the euro, the pound or any other reserve currency,\u201d Evgeny Fedorov, a lawmaker for Putin\u2019s United Russia party in the lower house of parliament, said in a telephone interview in Moscow.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2013-02-10\/putin-turns-black-gold-into-bullion-as-russia-out-buys-world.html\" target=\"_blank\">Continue reading . . .<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he\u2019s not just talking. He\u2019s betting on it.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[96],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1287"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1287"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1287\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}