There are some who consider it is the best safe-haven asset there is, which would never lose value even if the world went bankrupt. We are talking about gold and its infinite qualities, which have made it the most coveted precious metal. But have you ever asked yourself why gold is really so valuable?
WASHINGTON | By Pablo Pardo | According to the IMF, Russia and Italy have about the same nominal GDP, though, if you adjust it to its purchase parity power, the Russian economy may be 50% greater than Italian. Still, Russia has two and a half times the population of Italy, which explains why its nominal GDP per capita is half of Spain’s (even in real terms, Spaniards are 60 percent richer than Russians). So, Vladimir Putin has managed to achieve for its country a global importance that, taking its economy into account, it does not deserve.