Why Russia's gold-buying spree could spike global prices #russia #gold #goldprices #centralbanks

Russia is selling a lot of oil, giving them solid cash flow, which they they're going to direct towards gold and foreign currencies. "They're going to increase their daily purchases of those things by 37%," says financial analyst John Rubino. "Since Russia has been a big buyer of gold in the last couple of years, this increase comes on top of already aggressive buying. And what it means is that gold is moving back into the center of the global financial system." To hear more from John Rubino, check out his newsletter: rubino.substack.com.
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DISCLAIMER: Lear Capital is not a financial planner/advisor or retirement specialist, and does not provide investment, legal or tax advice. Consult a certified financial planner regarding individual investments/retirement goals. Past performance is no guarantee of future results. Free gold and silver offer subject to terms and conditions, including minimum purchase. Lear Capital does not guarantee the re-purchase of your metals. John Rubino is a paid spokesperson. The views expressed are merely an opinion.