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:
What does this mean for my annuities and 401k
I doubt if we have any gold left in Fort Knox. I think OUR DUMB PRESIDENT GAVE IT ALL TO CHINA. WE HAVEN’T HAD AN AUDIT IN “YEARS!”
Worthless as the paper they
Our money is worthless now.
Our paper money has allways been worthless
Not. When it was back by the gold standard the commie liberals in Congress and Senate took america off the gold standard so they could but our country in 20 trillion in debt.
Sharing
Not happening, gold would have spiked by now, however maybe a good time to nibble on some gold stocks, newmont mining, gg, gold, auy, ego barrick, they are at fairly low prices, keep an eye on gold though, anything is possible, the dollar value ia high and could blow a tire quickly
America is a float because the world bankers and the Masons own everything including America
Nice comment Larry add me up I would love to know you better