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:
Sounds like war
The most gold is at JP Morgan Chase not Fort Knox they are guarding an empty area now.
That will never happen. No one wants to be the reserve currency. It is a race to the bottom now my friend.
Tea Party at Fort Knox?
Nixon took us off Gold Standard and our currency has been printed indiscriminately ever since. You can’t arbitrarily print dollars without something to back them up, and this was bound to catch up with us sooner or later. Economists have been warning the Fed about currency manipulation for over twenty years. Who do you think is sitting on more gold right now….China, Russia or the U.S.? It’s the U.S., followed by Germany. No one knows how much China has, but it may be as much as the U.S. (Russia is in fifth behind France and Italy).
That’s crazy
All of our gold is in Obama’s teeth
We have nothing to back up our currency and other countries that use to want the US dollar no longer accept it from tourists!!!
oh my gosh!!!!!!!!!!!!
The threat to our gold is the UN. When Clinton raises our taser to match the socialist government like Sweden then we won’t be able to pay our mortgages groceries or cars etc…, we can’t but the economy crashes then china sells our loans to the UN bank and they can demand our gold. That’s he plan to break this country