Silver as an investment

Category Archives: Economy of Russia

Oil Producers Turning To Crypto To Solve Sanctions Problems

Authored by Tom Luongo, Last week, Venezuela announced it would develop a national cryptocurrency backed by its oil reserves, the Petro.  Now there is a report that Russia is considering the same thing.  Iran will likely follow suit. As of right now this is just a rumor, but it makes some sense.  So, let’s treat […]

Oil Price Drop Imminent If Moscow Says “No” To Extension

Authored by Irina Slav via OlPrice.com, As the November 30 meeting in Vienna of OPEC and its partners in the oil production cut deal nears, worry has returned among traders: one of the brokers of the deal might decide to walk out on the deal instead of participating in another extension. We’re talking about Russia, […]

China Launches Yuan-Ruble Payment System

The monetary regimes of China and Russia, two of the world’s most resource-rich nations, are drawing closer with every passing day. In the latest push for convergence, China has established a payment versus payment (PVP) system for Chinese yuan and Russian ruble transactions in a move to reduce risks and improve the efficiency of its […]

Metals and Forex Galore (Video)

By EconMatters We compare the year over year metrics for the Metals and Currency Markets in this video. Palladium and Copper outperformed Silver and Gold Markets. The Russian Ruble and Brazilian Real strengthened against the US Dollar in year over year comparisons. The British Pound, Mexican Peso and Chinese Yuan all weakened considerably against the […]