7 votes

Russia Adds Another 300k Ounces of Gold to its Reserves

Russia continues its de-dollarization project by adding 300,000 ounces of gold to its growing gold hoard in July.

Chart:

http://smaulgld.com/russia-adds-gold-reserves-july/

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Storm clouds coming...

The total war against Russia started this spring.

I ask everyone to get into prepping.
Your earthly lives depend on it.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

I don't agree, Russia (and

I don't agree, Russia (and China) is doing exactly what the US government wants them to do.

Business and human production/consumption are literally unlimited - they always grow.

All of the gold in the world is worth roughly half of the US economy alone.

If every currency in the world had to be backed with gold, the entire global economy would be worth less than $8 trillion.

By backing gold, Russia and China are limiting their currency to a historical relic.

The US Dollar was the first currency in the world to go digital.

Comparing the US Dollar to a gold backed ruble (worth 3 cents US) or a gold backed yuan (worth 16 cents US) is like comparing a donkey and its plow to a John Deere tractor.

Gold is old, and extremely limited. That's why nobody uses it anymore.

I have never used gold to purchase a product in my life.

Never be afraid to ask simple questions.

Sad, because Russia is not a threat

Obama even said so during the debates in 2012- he chided Romney saying, "the 80's called and they want their foreign policy back"

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Obama is now a total puppet

Of the war wing.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

ecorob's picture

Its as easy as p.i.e. Smaulgld.

When the BRIC's unite they won't need American dollars. They'll have gold to back them up.

They won't give a damn what we do and they'll go about their business oblivious to the "Great Satan" of the West.

Where will we (America) be when the world, or a very large part of it, resets to the gold standard? Why else would they be buying every ounce they can get?

Shale oil? Australian oil? What are America's and the free world's viable alternatives to gold?

Perhaps we could re-establish our agriculture supremacy of the past?

Would any of this work?

Do you think our leaders are thinking this way?

HA!

Prepare.

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

What is astonishing is listening to people

scoff at their efforts saying who would trust the Yuan, who would trust the Ruble?
Who would trust the dollar after the Fed abused the dollar by printing $4 trillion!

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