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:
You are absolutely right. It is not Putin that wants the destruction of America, it is Obama who wants to destroy us!
he can buy all world gold reserve us know that before that because the gold price in international fall down putin need to finance his millitary and same time so he loose a lot of money he dont have choice to sellhes gold under market price with loose, you think us are stupid,put in put out.
James Coleman If even THAT is there. Countries are stonewalled from seeing their deposits.
That’s not true at all.
Since our dollar is no longer backed combined with the fact that since October of 2013 the FED has engaged in the practice of economic easing, this could well happen.
Backed currency versus unbacked currency combined with too much unbacked currency in circulation…..a true ‘Economic Whamo’!
Killing the U S banks might not be a bad idea. It seams like most of our problems come from the federal reserve and big banks.
What do you expect when our foreign policy directly threatens his.
This is why you need to hold gold/silver/etc in your portfolio….
i guess he’s going to fight the terrorists bu throwing them flowers…. good logic Mr. Puti!!!
I guess Russia fought the Nazis without destroying anything…