[OneLoyalAmerican]

Goldbug ping

[CPT Clay]

Probably already have, in secret.

[Tau Food]

Putin’s next move will be, as always, the wrong move. Maybe he’ll shoot down another civilian jet or something so as to divert attention from his incompetence.

[BigEdLB]

Putin opponents may end up consuming a Polonium sandwich...

[freedumb2003]

Thus crashing that price along with the oil price crash.

Man, these are strange economic times!

[Sacajaweau]

http://www.caseyresearch.com/articles/russian-bear-or-gold-bull

[Usagi_yo]

Putin’s more apt to crap and pee in the sandbox. Right now I think the world is at it’s most dangerous.

[pleasenotcalifornia]

If Putin can get the price of oil to increase Russia doesn’t have to sell anything. Putin just has to threaten Saudi Arabia with Russia’s military to get oil back up.

[Liberty Valance]

They don't seem to be running these commercials aymore ...

[Red Badger]

Diamonds.............tons of diamonds.............

[familyop]

With WTI crude under $56 again, Putin’s in a heap of trouble.

[eyeamok]

they may be forced to dip into their gold reserves

I’m sure he could just as easily sell some Nukes to Iran, it sure would make John Kerry’s job easier.

[stboz]

Caveat emptor.

Watch out for gold plated tungsten.

[deadrock]

What gold?

[grumpygresh]

I really doubt it. Putin would be more likely to start a war. He could deploy cyber weapons, use terror proxies or go hot.
Only a sucker would trade real gold for the dollar, now that the dollar is losing its reserve status.

[Jet Jaguar]

Goldbug ping.

[Zakeet]

Putin has at least one simple plan that he can fall back on:

• He could do what the Fed and its criminal conspirators do ... sell paper gold. That would give him dollars which he could use to ...

• Buy contracts for physical gold and then demand delivery.

Imagine, exchanging currency for money ... and at a significant discount.

Even better, for only about $1 billion, he could collapse the Comex; for about $4 billion, he could trash the LBMA. That would trigger an estimated 100-150 times that amount in precious metals derivatives ... which would trigger a pile of credit swaps and interest rate swaps ... which ... well, you get the idea.

If this action is a little too steep for him, he could work the same magic in silver. It is even more suppressed than gold, and the market is much smaller in size.

And that example beautifully illustrates two problems with currency wars ... once started, they have a life and course of their own, and they can do a hell of a lot of harm.

[Vermont Lt]

Russia has a boat load of dollars. Why would they use Gold when they can use fiat and their treasuries?

Gold is the last resort. They are quite a ways from that. At least this week.