Central Banks Are Boosting Their Gold Reserves

This refutes earlier reports from mainstream media that Russia was selling its gold to raise reserves.  Quite the opposite:  Russia is accelerating their gold purchases to prop up the rouble.  Eventually, between China and Russia (and Iran), their respective currencies will be backed by gold.  This would destroy the value of fiat currencies from insolvent western economies.

http://www.bloomberg.com/news/articles/2015-02-12/central-banks-hungry-for-gold-bought-enough-for-75-dreamliners