Why Is Putin Stockpiling Gold?

[CuteOldGuy]

Interesting. I wonder what Vlad is thinking? According to the article:

As was first reported here in April of last year, according to International Monetary Fund calculations, the U.S. is on track to lose its status as the world’s biggest economy—when measured in real, purchasing-power terms—to China by 2017.

We will soon be the first people in two hundred years to live in a world not dominated by either Pax Americana or Pax Britannica. This sort of changing of the guard has never been peaceful. The declines of the Spanish, French and British empires were all accompanied by conflict. The decline of British hegemony was a leading cause of the First and Second World Wars.

Well, it appears after years of leaving the Democrats and Republicans in control, we have reached this point. I wonder how the current (or next) President will handle this.

http://www.marketwatch.com/story/why...old-2012-09-05

[WTF]

Sounds like with war...according to your link.

[I B Hankering]

Originally Posted by CuteOldGuy

The declines of the Spanish, French and British empires were all accompanied by conflict. The decline of British hegemony was a leading cause of the First and Second World Wars.

The decline of British hegemony resulted from the wars. Spain had a good run, but, in the long run, gold was not enough.

[Munchmasterman]

RE:
Why Is Putin Stockpiling Gold?

Because he can?

[dilbert firestorm]

Originally Posted by Munchmasterman

RE:
Why Is Putin Stockpiling Gold?

Because he can?

no, he's doing that because that is what China is doing. they are attempting to supplant the dollar by making the Yuan the world reserve currency.

[Randy4Candy]

He's trying out for a vodka commercial.

[Guest123018-4]

If Obama succedds in destroyuong America, it is highly jpossible and more than likely that we will lose our status as rthe reserve currency. It happend to Britain when the turned socialist and the pound sterling was once the benchmark. We all know it will not be the Euro because of all of the socialist nations that have dragged the Eurozone down.

Chinaa has an intersting setup going. They are now captalistic Communist. They are allowing some people to make money yet at the same time keeping their people in virtual slavery. The threat of termination, and I dont mean losing your job, is a great motivator. Many are living in much better conditions than before and have accepted the sacrafice of their freedom and liberty for their lives and a job paying much less than most industrialized nations. Meanwhile the government is enriched and can build a huge military machine.

Sorta makes you think about what is going on in America today. How long will it take for us to be enslaved to the government or has the enslavement already begun.

[joe bloe]

After America is bankrupt, and is no longer able to fund a strong military, the Russians and the Chinese will fill the vacuum. The Russians and the Chinese are pure evil. It will be an age of darkness.

[Guest123018-4]

They are only waiting for is them to take our 2nd amendment away and with it our primary means of actually defending ourselves.

[dilbert firestorm]

This is from Stanberry Research. they have a video on this china thing.

this video is long, about 1 hr 30 minutes.
video
http://www.stansberryresearch.com/pr...T2/LOILN323/PR

in lieu of watching the video,
video transcript
http://www.stansberryresearch.com/pr...T2/LOILN323/PR

[SEE3772]

Why is Putin stockpiling gold? For the same reason myself and others are.
Capital Controls or Financial Repression and the devaluation of foreign currency held by the Central Bank of Russia.

The Russian Federation
Reserves
$521bn in total Stat
$367,500mil in foreign currency
•47,5% in Euro
•41,5% in US Dollar
•9,7% in Pound Sterling
•1,3 in Yens
$17,670mil in gold
$6,907mil in IMF Special Drawing Rights
$15,597bn in other assets

http://www.zerohedge.com/news/guest-...count-overseas

[SEE3772]

Originally Posted by SEE3772

Why is Putin stockpiling gold? For the same reason myself and others are.
Capital Controls or Financial Repression and the devaluation of foreign currency held by the Central Bank of Russia.

The Russian Federation
Reserves
$521bn in total Stat
$367,500mil in foreign currency
•47,5% in Euro
•41,5% in US Dollar
•9,7% in Pound Sterling
•1,3 in Yens
$17,670mil in gold
$6,907mil in IMF Special Drawing Rights
$15,597bn in other assets

http://www.zerohedge.com/news/guest-...count-overseas

Oh and the main reason why.
Gold is real money.
Silver and Platinum also.
Unlike paper promises.

[Guest032516]

Why Is Putin Stockpiling Gold?

Apparently he listens to the AM talk-radio and believes all the commercials.