Russia wants cash for gold

Russia considering gold sale
Finance Minister Alexei Kudrin said Wednesday that Russia is considering selling gold on world markets to cash in on high prices as the government faces its first budget deficit in a decade.

Kudrin's remarks follow a report last week that the Gokhran precious metals depository was planning to sell up to 50 metric tons, or 1.6 million ounces, of gold in London by the end of the year.

With gold prices reaching record highs of over $1,000 per ounce, the sale could bring Russia some $1.7 billion.
Why isn't Russia selling U.S. dollars? Maybe they don't want to sell low...

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