Economist says Soviets flood world with gold

The Soviet Union, second largest gold exporter in the world, is threatening worldwide economic chaos by flooding the market with some 500 tons of gold a year to ease its own recession, a leading Middle East economist said Sunday. Marwan Iskandar, editor of the weekly An-Nahar Arab Report and Memo, also said in the current edition of the newsletter that the Soviets have been hit hard by their failure to reach a new agreement with Iran for gas imports.

"For the first time in 25 years," he aid, "the Russians are facing economic difficulties and slow growth, particularly in the energy sector."

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK