From what I know of the Russian psyche they won't lose a kopeck no matter how far down the price of gold goes. Those guys are intending not to be caught with useless US $$s in their reserves and will buy up everything available at these prices. They intend to have a gold backed currency in the future when the smoke clears. Stack em high!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.