Gold is a chemical element and precious metal with high economic value. Gold used to be a form of currency. It can also be used for coinage and jewelry. Today many people invest in gold as a form of safe haven.
The latest trend among European countries of bringing home their gold reserves has been raising concerns in Brussels. RT talked to Claudio Grass of Precious Metal Advisory Switzerland to understand what’s behind that trend.
The Russian space agency is looking for somebody to extract precious metals from decommissioned ICBMs stored at its facility. Each missile can net almost 200g of gold, 4.5kg of silver, and a few grams of platinum.
The Central Bank of Russia (CBR) has been increasing its holdings of gold every month since March 2015. The country is currently the sixth-largest gold owner after the United States, Germany, Italy, France and China.