...It makes sense to replace the currency (especially the dollar) component of international reserves because the era of cheap gold in the world is coming to an end. A sharp increase in the price of gold is anticipated. This is indirectly indicated by events like the end of the London Gold Fix in March 2015. The world is moving over to a new, more liberal system for setting gold prices. In these new conditions, Russia has a big advantage over other countries – it is one of the leading gold-producing countries.
D.Sc. (Economics), Economist and the chairman of the S.F. Sharapov Russian Economic Society