Makes the Boys back at Porcupine Creek paupers
I’ve never been a huge gold fan but ya gotta admit Putin makes sense on this. It is increasingly doubtful that USA will be able to survive another 4 years of the destructive fiscal, monetary, tax, and regulatory policies (as well as defense, international, and social policies) of these last 4 years.
As Russia is a large gold producer and the countries other large export commodity, oil, will be subject to cost pressure in the coming years..I’d say this is an attempt to shore up the gold price.
As long as we’re printing money, why not print a few extra trillion and buy half the world’s gold?
Goldbug ping.
In 2002, on His 50th birthday, Vladimir Putin was given a very symbolic gift: an exact copy of the Holy Russian crown.
Russia has lots of imperial crowns, but this one is very special.
The original crown [which is in the Kremlin armory] may have been given to Ivan 1 by the Mongol Khan, Uzbeg.
See crown and info here:
http://www.arco-iris.com/George/shapka.htm
On His birthday in 2009, Vladimir Putin was also given a symbolic gift: a crown cloud hovered over the city of Moscow on Oct 7 [His birthday.]
Notice the similarity of the crown’s fur to the irregular borders of the crown cloud.
http://www.youtube.com/watch?v=h-XljlBRF6M
“The more gold a country has, the more sovereignty it will have if there’s a cataclysm with the dollar, the euro, the pound or any other reserve currency,” Evgeny Fedorov, a lawmaker for Putin’s United Russia party
...Can You EAT it?
” And The Seas became Blood”
James 5:3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
By my calculations, that is 6.44 X 10^17 $ at $1600/oz.
That doesn’t sound right to me.
What did he use to buy it?