Putin has something conceived ": Russia massively buys gold"

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As economists note, the Central Bank of Russia continues to place the country's reserves in gold - as if it is going to outstrip China by reserves. So, for example, only for one June-2017 the Central Bank of Russia bought 9.1 tons of precious metal. "The Bank of Russia remains the world leader in increasing gold in international reserves, adding another 100 tons for the first six months of the year." In 2015 and 2016, the Central Bank bought 206.7 and 200.7 tons of precious metal. Half a year, the country's gold reserves rose to 1.7 thousand tons, so that in order to overtake China, we need to buy another 126.7 tons of metal, "the stockbrokers say. According to experts, in the whole world only three Central Banks can allow to continue buying up gold - these are the mega-regulators of Turkey, Kazakhstan and Russia. "For six months of 2017, for three, they bought 200.7 tons of gold, while net world demand from all regulators amounted to 174.3 tons, that is, other banks sold a total of 26.4 tons of gold," write Analysts. "Coincidence or not, it is Russia and Turkey that have recently allowed themselves to pursue a policy independent of Western opinion and openly declare it, and it is these two countries that are actively building up their gold positions in their international reserves." Thus, our regulators invest in alternative US dollar assets, "- experts believe Investbrothers. Earlier, Deputy Foreign Minister Sergei Ryabkov in an interview with ABC News said that the anti-Russian sanctions of the United States only encourage Russia to develop a system in which the dollar will be abolished. "Every step taken in the White House to make our life more difficult - brings Russia closer to the moment when it begins to deal with the weakening of its (and the entire world economic system) from the dollar," the Marketupdate quotes Ryabkov as saying. "I assume that US sanctions are for a long time, we need to use the situation to reduce the dependence of some sectors of our economy on the US financial and settlement systems. We need to use this time to find ways to reduce the dependence of the entire world system on the US dollar," explained he. In addition, according to experts, within 5-7 years, Russia, China and India will "completely refuse international payments from the dollar and the euro." Also, to abandon the dollars, buying gold and lira has already been called on by the President of Turkey. "If this happens, the Bretton Woods system of finance, which made the dollar the world's largest currency since 1944, will collapse. Gas and oil deals between Russia and China are damaging the hegemony of petrodollars," Forbes analysts said. "The collapse of the dollar will destroy the wealth of most people, which will lead to political and social consequences, which is likely to be worse than just financial problems ...", noted Casey Research, an analytical center in the US. "Experts suspect that behind the purchase of gold is a grandiose plan and geopolitical strategy of the Kremlin, who wants to gain greater independence from the dollar and leave room for financial maneuvers in case of toughening of Western sanctions," the media wrote.