Alexei Kudrin

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  China & Russia Buy Bullion as Protection

  By Peter Cooper  |  June 27, 2012

  Russia is clearly buying gold to protect the ruble from devaluations and Russia from an international monetary crisis. China is doing the same both by official gold purchases and by encouraging individuals to buy precious metals.

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  Russia Adds 500,000/oz. & S. Korea Plans Add of Gold

  By Mark O'Byrne  |  June 21, 2012

  In volatile up and down trade, gold dropped for its 3rd day after Bernanke and the Fed failed to announce the latest round of QE. The sharp fall in gold and then even sharper rise and then fall again was unusual trading.