2011-07-08gata.org

Far from hoarding gold, Russia is selling it. The country's domestic gold mining industry has continued to sell onto international markets. Russia has also eased gold trading rules to let more gold be mined and exported more quickly.

A bit of a propaganda piece, but we're including it for fairness. Here the NY Times is oddly criticizing Russia for having a gold free market, and not somehow commandeering the entire nation's output to stock in its official reserves. Russia actually has been accumulating official reserves (though we would like to see it do so at a more accelerated rate, and phase out the predominant use of dollars in its FOREX reserves).


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