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jbog

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Re: DocLevi post# 9178

Wednesday, 11/26/2014 7:56:02 AM

Wednesday, November 26, 2014 7:56:02 AM

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Doc,

Russia is probably buying Gold to hold as part of its currency reserves. Gold even if it drops will not drop anywhere close to the speed that its local currency has dropped.

The Ruble has dropped somewhere around 30% this year even after they intervened to support it more the once.
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