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<p>[QUOTE=&quot;Yankee, post: 725980, member: 18618&quot;]<span style="color: #666666"><font face="Arial">By Don Dion</font></span></p><p><span style="color: #666666"><font face="Arial"><br /></font></span></p><p><span style="color: #666666"><font face="Arial"></font></span><span style="color: #000000"><b>About this article:</b></span></p><p><span style="color: #000000"></span>Russia&#039;s finance minister said this week that the country may consider selling gold to close its budget deficit. If the government decides to go ahead with the move, Russia will find itself alongside a growing tide of Main Street Americans selling gold to pay their bills. Unlike the Americans, who are turning in earrings, watches and teeth for a few hundred dollars, however, Russia may sell 1.6 million ounces from its reserves, worth about $1.7 billion. Deflationists are expecting a decline in the price of gold as a result of this selling, in addition to a slowdown in gold purchases. Though selling has yet to put a dent in the price of gold, investors in iShares COMEX Gold , SPDR Gold Shares , ETFS Gold Trust and Market Vectors Gold Miners should be prepared for more volatility should the Russian sale move forward.<a href="http://secure2.thestreet.com/cap/login/rm_mbp_yho_w-ads.jsp?cm_ven=YAHOO&amp;cm_cat=PREMIUM&amp;cm_ite=003190&amp;flowid=1049bf48fd1&amp;url=http%3A%2F%2Fwww.thestreet.com%2Fp%2F_yahoo%2Frmoney%2Fetf%2F10619856.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://secure2.thestreet.com/cap/login/rm_mbp_yho_w-ads.jsp?cm_ven=YAHOO&amp;cm_cat=PREMIUM&amp;cm_ite=003190&amp;flowid=1049bf48fd1&amp;url=http%3A%2F%2Fwww.thestreet.com%2Fp%2F_yahoo%2Frmoney%2Fetf%2F10619856.html" rel="nofollow">http://secure2.thestreet.com/cap/login/rm_mbp_yho_w-ads.jsp?cm_ven=YAHOO&amp;cm_cat=PREMIUM&amp;cm_ite=003190&amp;flowid=1049bf48fd1&amp;url=http://www.thestreet.com/p/_yahoo/rmoney/etf/10619856.html</a>[/QUOTE]</p><p><br /></p>

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