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:
If the pic was a meme I’d caption it like this, “Hmmm… this is heavier than the normal roll of toilet paper I have to stand in line for and the local communist dispensary”. 😉
we cannot let this happen
I have news for ya the dollar is already dead !
Do what you need to do putin, don’t take from me.
The early stages of WWIII!
Putin would not attempt to invade U.S. soil he knows that would be devastating to his military.
Who will stop him???
Over the last 5 years Russia an india have been buying up Gold.
Unfortunately, I welcome the death of the dollar. It may be our only way out of this mess!
Libya wanted to start a gold standard in Africa and you see what happened to them.