LONDON, 20 May 2019 – Analysis and comment from BullionVault feature today on UK newspaper the Daily Express's fast-growing website.
"The golden rule is that whoever owns the gold has the power," The Express quotes BullionVault director of research Adrian Ash.
So "while gold hasn't had any official role in the monetary system for nearly 50 years, it's no coincidence that the United States remains by far the largest national holder."
Despite the surge in Moscow's gold buying, "To match the size of US holdings, Moscow would need to keep buying Russia's entire mine output for the next 20 years," he adds.
Read the full story at The Express here:
Russia news: Russia TOPS global gold buyers list - what does it mean for world economy?
Source:
Daily Express
