The Russian government has just introduced legislation which will allow Russia’s giant National Wealth Fund (NWF) to invest in gold and other precious metals. The NWF is Russia’s de facto sovereign wealth fund, and has assets of US$185 billion.

Poster Comment:

That is nearly a million ounces at today's prices. A lot of people are going for the gold as they seek an exit from the Everything Bubble. Reminder: Silver is a High Beta meaning when gold goes up silver goes up even faster.