Here's What's Driving Russia's Gold Buying Spree
Russia has emerged as the world's biggest buyer of gold in the last decade. Western sanctions and falling oil prices have forced Russia to buy more.By Elizabeth Hagedorn | November 11, 2014
Vladimir Putin has a penchant for gold these days.
And is has nothing to do with the new gold-plated iPhones featuring his likeness.
With 1,149.8 tons in its vaults, Russia has emerged as the world’s biggest buyer of gold in the last decade. And this year, it’s stepping up its game — buying 37 tons in September alone.