Putin go Gold Bullion Solid and ready to go on Currency War with Dotard, Xijinping also highly prepared

[tun_dr_m]

https://www.rt.com/business/434572-russias-gold-reserves-approaching-stalin/


Russia’s gold reserves approaching Stalin-era record, cutting dependence on US dollar
Published time: 29 Jul, 2018 11:01 Edited time: 29 Jul, 2018 11:03
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© Ilya Naymushin / Reuters

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With 2,000 tons of gold in reserves, Russia’s bullion holdings are approaching the Soviet peak seen in 1941. Moscow is striving for financial independence and escape from US dollar hegemony, analysts told RT.

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Where does Russia keep its huge gold reserves?
“Some countries in the world want to depend as little as possible on US policy, they dump the dollar in trade and American assets as reserves. Russia’s gold purchases increased during the US presidential race and did not stop despite Donald Trump's victory even though he seemed as a more preferable candidate for the Kremlin,” Anton Makhnovsky, CEO of ICBF told RT. The analyst says he thinks Russia will continue ramping up its reserves.
Gold holdings of 2,000 tons are approaching the Soviet maximum of 2,800 tons reached in 1941. Over the last decade, the share of gold in reserves has soared tenfold. Russia also reduced its holdings of US Treasuries from $96.1 billion in March to just $14.9 billion in May. Bullion reserves are now worth $460 billion with the central bank aiming to increase that figure to $500 billion.
Analyst Vladimir Rojankovski from the International Financial Center in Moscow warned the Russian central bank last week that it shouldn’t get too dependent on gold.
“In the event of a global decline in the interest of large sovereign investors in US Treasury bonds, I expect an increase in speculative activity in precious metals in order to artificially lower their market valuation,” he told RT.
For more stories on economy & finance visit RT's business section

 

[tun_dr_m]

USD currency must turn into shit soon.

 

[virus]

all this is useless as gold is manipulated by central banks and iluminta. the crux is to sway public opinion so hit hard on the farming sector. unsold perishables will kill jobs and business., then kill votes. by november, china will need to ensure GOP loses the senate. that means in weeks ahead, china need to manipulate RMB even lower, dump US bonds, US stocks

 

[hofmann]

did you even bother to calculate how much 2000 tons of gold is worth?

Less than temasek.

For a country the size of Russia.

 

[Ang4MohTrump]

all this is useless as gold is manipulated by central banks and iluminta. the crux is to sway public opinion so hit hard on the farming sector. unsold perishables will kill jobs and business., then kill votes. by november, china will need to ensure GOP loses the senate. that means in weeks ahead, china need to manipulate RMB even lower, dump US bonds, US stocks

Diamond is for sure crap because it is now discovered that QUADRILLION TONS of Diamonds are in the earth layer 200+km from mean ocean surface.

 

[TemaseX]

did you even bother to calculate how much 2000 tons of gold is worth?

Less than temasek.

For a country the size of Russia.

Temasex is an empty shell hoax for decades. It got nothing but huge debts. Even that Chow Ang Moh Tua Pek Kong - GOODYEARS fled within 2 week from taking over from Whore Jinx. Ran Road and Vanished.