Commodity Trade Mantra

Posts Tagged ‘Bank of Russia’

Gold, Oil, & 'Grandmaster' Putin's Trap

It is important to keep in mind that the dollar’s attacks on gold end always end the same way – in a painful knockout for the dollar. It would be naive to believe that this is unknown to that grandmaster of patience, Vladimir Putin. By systematically increasing their gold reserves, Russia and China are relentlessly moving forward to strip the US dollar of its status as a global reserve currency.

Moscow Update: Gold During the Crisis

Have Russians turned into hard money enthusiasts? The majority of Russians have a savings-oriented mentality, so gold would fit rather snugly into their financial frame of reference. It’s time for Russians, Americans & everyone else to wake up, face up to the dangers of statist debauchery & prepare ourselves for the hard times to come!

Russians Aren’t Into Gold Yet—But Wait Until They Stampede

I firmly believe that when the existing world financial system finally crashes and burns, as it inevitably will, Russians will rush into precious metals. Mini-rushes, as in the fall of 2008 and August of 2011, were just a foretaste of things to come. And when Russians stampede, I can tell you it is a sight to behold.

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