RE:RE:Russia Takes Gold For Oil/\Deposits Flee BanksYeah! Go Russia! They got Gold ("KING"!!!!)
Take a look at the ruble vs USD exchange rate over the last 40 years. Since the fall of the USSR, it went from 3RBL:1USD to about 97RBL:1 USD.
RBL is toast.
So, the reasons that Russians are keen on gold ("KING"!!!!) is that they have screw#d their economy big time, as well as their standing in the civilized world.
That a country like Russia is looking to gold ("KING"!!!) to solve its problems is a very, very weak arguement on which to base an investment choice.