by Jeff Clark, Senior Precious Metals Analyst, GoldSilver
In case you’re unfamiliar with the 1966 movie The Russians Are Coming!, it’s a fun romp about a Russian submarine that accidentally runs aground off the New England coast during the Cold War and the local residents who panic and think they’re being invaded. I remember laughing a lot as a kid at some of the antics.
But it’s no laughing matter what Russia is doing to the US today. Most gold investors know that Russia has been accumulating gold at a rapid pace since the financial crisis in 2008. But now they’re suddenly dumping US Treasuries, too. In other words, they’ve ratcheted up their efforts to reduce their exposure to American fiat currency while simultaneously continuing their relentless accumulation of real money.
Jeff discusses what that means and what to expect from here…
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