Russia’s de-dollarization efforts continued in July as they added another 300,000 ounces of gold worth approximately $3.9 billion to their burgeoning reserves. Russia has added 1.1 million ounces of gold to its reserves in the past three months.
As of the end of July 2014, Russia’s gold reserves are approximately 36 million ounces, up nearly three fold since 2008. Russia’s gold reserves place them in the top ten nations by gold reserves
Russia is also the world’s third largest gold producer.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
5 comments:
Can people see what is going on here? We are a debtor nation. We are taught that keeping a level of debt in this country raises your credit score. We are told to never own anything but lease everything for a better cash flow. Economics is only taught in wealthy families where it is the family business. The average person in this country has no idea how to acquire wealth and it is not taught in schools. People are not taught how to look at interest designed into loans to realize they are paying 2 times for one purchase by the time the interest is paid. Without gold to back the dollar....we are dead in the water. Financial terrorism is far more damaging because the takeover will be accomplished and we will not know it until it hits us and we are owned by some other country. We are in a hole and digging deeper.
They'll lobby for gold backing of currency globally - and we'll be screwed as all we've been doing lately is to run the printing presses at full blast!
No Democrats over there.
I started collecting gold when I was 6 (and silver). Now 36.
I have managed to acquire .004856% of what they just added in one transaction. I need to get moving.
We don't need no stinking gold
We got dollars
Post a Comment