Russians were advised to forget about the dollar and invest in gold.
Economist and financial analyst Alexander Razuvaev gave this advice to Russian citizens.
His statement is quoted by NEWS.ru.
Why Russians Should Forget About the Dollar
According to Razuvaev, after Donald Trump returns to the White House, the US will lift sanctions against Russian banks and the Moscow Exchange, but the dollar will continue to lose its share in settlements and reserves of the Central Bank of the Russian Federation.
Due to the dollar's loss of influence, the economist continued, gold will begin to rise in price.
The analyst predicted that in just a year the price of this precious metal would rise to $3,500, and recommended that Russians invest in gold.
It’s better to forget about the dollar, Razuvaev summed up.
For reference
The United States dollar is the monetary unit of the United States and one of the world's major reserve currencies.
