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The new gold rush? Russia and China buying billions in bullion
Guide to the Global Economy
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22-Feb-2023
On this episode of Guide to the Global Economy, Josh sits down with Neils to talk about Russia and China stockpiling massive gold reserves that the West appears happy to get rid of... Alisha joins the conversation to report on piles of dollars destined for Iraq possibly ending up in Iran and Syria and what the Fed plans on doing about it. And Mrugank takes a moment to tell us about the 9000% increase in transactions in Chinese Yuan that are being made between Russia and China as Moscow tries to "de-dollarize"—could this spell disaster for the Russian economy if Beijing needs to devalue?
AIRED: 2/22/23
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