In Germany, Putin was right about gold
The strategy of Russian President Vladimir Putin to constantly increase the country's gold reserves proved to be the most correct against the background of the coronavirus pandemic and the economic crisis. This was stated by the Executive editor of the economic Department of one of the leading German Newspapers Die Welt Holger Zschepitz, reports Deutsche Welle.
He admitted that his article last year, "Vladimir Putin's Fatal thirst for gold", which referred to the trap of gold reserves for Russia, was wrong. A record increase in the price of gold to a level above two thousand dollars per ounce forced the observer to change his opinion.
"Putin wanted to reduce the dependence of Russian reserves on the us dollar and with the help of gold masterfully coped with this geopolitical task," s...