Russia’s
Relentless
Drive to Price Oil in
GOLD!
The increase in the gold reserves came after Russia did not buy a single ounce in December – a move seen as potentially a signal or an olive branch to the U.S. and the incoming Trump administration.
Russia has been steadily buying bullion since before the global financial crisis and is now the sixth-biggest holder of gold reserves internationally – after the U.S., Germany, Italy, France and the IMF.
Russia places much strategic importance on its gold reserves. Both President Putin and Prime Minister Medvedev and have been photographed on numerous occasions holding gold bars and coins. In May 2015, we pointed out how the Russian central bank views gold bullion as “100% guarantee from legal and political risks.”
Astute, risk aware investors are following Russia’s lead by diversifying and having an allocation to physical gold coins and bars.
DYI: Russia’s
continues their push to end major central banks export; inflation. Once Russia prices oil then gas and
eventually all of her natural resources in gold the U.S. Dollar as the World’s
reserve currency will end. Will this collapse the U.S. Dollar?? NO!
However the days on running chronic budget deficits and allowing banks
to leverage up at will – will end. The
U.S. Dollar will share its status with gold.
If Putin succeeds this will crunch America’s military
might forcing to spend money that we actually have not digital dollars
ginned up from the Federal Reserve as our populous’ will not tolerate high
rates of inflation. There is no doubt
this is the path the Russian’s are on.
DYI
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