Russia CB buys more gold and builds bilateral trade with China

``Historically the country with the most gold has been able to dominate global trade -- barbarous relic or no -- and while the West may see this coming to an end there is an enormous, and ever wealthier, part of the world's population which still believes in gold as the key global monetary asset. China and Russia are both strong believers in gold and the potential negotiating position it enables. At some stage soon the validity of their belief is going to be put to the test.''