The U.S. dollar can expect to take a pounding if Russian President Vladimir Putin carries out what appears to be a conversion of Russian currency to a gold-based standard.
Just this past September, Russia added another 1.1 million ounces of gold to it’s reserves, increasing the total amount of gold it possesses to a whopping 43.5 million ounces.
This theory is given even more credence by the fact that the massive country has added a combined total of 2.51 million ounces of gold to it’s holdings, marking the biggest gold reserve increase within a three-month timeframe in Russian history.
Check out the next page to see the increase in Russian gold reserves for yourself:
Craig McQuiston
WHAT do ya want?? GOLD or a paper NOTE???? An IOU??? Which would be INCOME???
Wake Up America
I think he’s after levelling the playing field…. Governments have taken the p**s for far too long!!!
US has 261 million ounces according to treasury.gov website. Russia according to this articles has less than 50.
It would help the. American exporters if the dollar was weaker
USA admitted their Federal Reserve holds no gold.
Promissory notes…
Obama intentionally created the fall of the dollar. His plan is hinged by the UN and elitists who have a diabolical plan to bring us disaster and loss of income and loss of lives, and the alliance will resurface with a new currency and corresponds with the NWO alliance.
Yep!
So Russia wants to harm American citizens?