"I believe that China is out to have more gold than the US, and that Russia wants the same thing. China wants to show the world that it's renminbi has greater gold backing than the US dollar. Note on the list above that the European nations have the largest gold backing for their currencies while China and Russia's gold backing is embarrassingly minuscule."
Read the full interview here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/5/5_Richard_Russell_-_China_%26_Russia_Want_More_Gold_Than_the_US.html
- Richard Russell via a King World News Interview
