Posted on 11/15/2014 7:47:15 AM PST by TigerLikesRooster
Putin Is Hoarding Gold and Rattling Sabers--What’s He Up to Now?
By Rob Garver, The Fiscal Times
November 14, 2014
The Russian government has spent the last few days giving the world a lot more to worry about. From moving more tanks into Ukraine, to transferring nuclear weapons-capable units to Crimea, to announcing that it will start flying long-range bombers over the Gulf of Mexico, the Kremlin hasn’t exactly been a stabilizing force in global affairs for the past few days.
Then, there’s this: It turns out that in addition to invading neighbors and taking an increasingly belligerent global posture, the Russian government has been stockpiling gold. Lots and lots of gold.
Related: Russia Seen ‘In Denial’ as Economy Stagnates
The World Gold Council, which tracks demand for the metal, said in its report for the third quarter of 2014 that the Russian central bank accounted for more than half of the gold purchased by central banks in the three months ending with September.
Since this time last year, Russia has increased its total gold holdings by 25 percent, meaning its gold reserve is now the fifth largest in the world. Its holdings have tripled in the past decade.
(Excerpt) Read more at thefiscaltimes.com ...
P!
Ron Paul never convinced his fellow Congress critters to the nation’s gold supply. Likely decades ago it was loaned out to the “too big to fail” banks who sold the physical bullion to foreign countries (China, Russia, India) and gave the US government a piece of paper as an IOU.
..don’t ask Odungo, he don’t know nuttin
Wow! I didn’t know Putin and I had so much in common. I’m hoarding ammo and gold too.
He is also stockpiling nukes, too, IMHO.
He with the most gold wins.
Impossible, the Soviet Military is so weak it could win against an army that was not allowed to fight and allowed the Russians to take over without any serious resistance and a world that looked the other way.
Ohhh..... strike that whole “impossible” thing
Humm. Dollar heading for the bottom of the toilet, what to do with all these stacks of petro-dollar?
I know - buy gold!
Econmy in the tank and still heading south becuse oil is trading at about $70/bbl and the population is getting ‘restless”? WHat to do?
I know - beat the war drums, and maybe the people will think it’s for the Rodina and not to maintain power.....
China has been on a gold buying spree, and dumping dollars for gold makes sense to them.
Trouble is PM have been dropping in ‘value’ for some time now, frantic commercials aside....
The Golden Rule. He who has the gold, makes the rules.
History agrees
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