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:
Stephen Edward Waterstram putin is a no good evil communist. He’s tearing Ukraine apart while his own country is falling apart
Global Muslim Socialism
Gabriel go back and look at Henry Kissingers actions under Nixon.in the light of events today.
The paving of the road to Globalist Government.
Jim I can hunt and fish where I live.
I can make acorn bread if I must.
The urban areas will be doomed.
“On a practical level, there’s not enough gold in the world to return to a gold standard — and no one else in the world is on the gold standard.”
http://usatoday30.usatoday.com/money/markets/story/2012-04-23/return-to-the-gold-standard/54493710/1
You democrat idiots reelected him
china actually has more gold in our reserve than any other country, if all the other countries pulled there gold out we would be broke and our entire economy would fall
Not enough gold in the world to kill the dollar ..
How is this possible, they are supposedly broke! Explain that to me please!
Paul N Hawes….Obama’s a stooge for the big chitstorm….?