Gold Up $25 As TASS Reports Russia Will Allocate $1.9 Billion For Gold, Currencies

As we approach this year's BRICS meeting next month in Kazan, while reports of a 40% gold-backed 'Unit' payment settlement currency continue to emerge, Russia has just announced that they are allocating $1.9 billion for gold and foreign currency purchases over the next month.

Is this a step towards being prepared for a new BRICS currency arrangement?

Vince Lanci checks in to explain what happened, and why Russia is making this announcement right now.

To find our more, click to watch this video now!

Arcadia Economics

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