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Leonid Bershidsky

Leonid Bershidsky Articles

Why Russia and Turkey Diversifying Into Gold May Signal A Bigger Global Shift
By Leonid Bershidsky - June 28, 2018
Since December 2017, Russia has cut its holdings of U.S. foreign debt by more than half. Instead, it’s been increasing the share of gold in its international reserves. That’s understandable behavior for a country that has to deal with an...
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In 1792 the U.S. Congress adopted a bimetallic standard (gold and silver) for the new nation's currency - with gold valued at $19.30 per troy ounce

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