Commodity Trade Mantra

Posts Tagged ‘Rubles’

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!

Russia Buys Most Gold In Six Months, Continues Selling US Treasuries

The rumors of Russia selling its gold reserves, it is now clear, were greatly exaggerated as not only did Putin not sell, Russian gold reserves rose by their largest amount in six months in December to just over $46 billion. On the other hand, there is another trend that continues for the Russians – that of reducing their exposure to US Treasury debt.

Gold Was Up 73% Last Year!

The price of gold rose against ALL currencies in 2014 — except the US dollar. Yes, gold was up in the euro, Japanese yen, Swiss franc, Canadian dollar, British pound, Australian dollar, New Zealand dollar, Chinese renminbi, Indian rupee, Swedish krona, Brazilian real, Israeli shekel, and South Korean won.

Debt, Default, and Taxes (DDT) Are Poison

National Debt has been increasing faster than both population growth and hourly wages. The only solution is default, either now or later, either by refusing to pay the debt and/or by inflating the dollar so its value decreases to nearly nothing. With so much paper in the system it is easy to see why the Fed publicly denigrates gold.

What a Reserve Currency Should Look Like

The perfect reserve currency is provided by private institutions who guarantee gold redemption through contracts with independent agents in many easily accessible and safe areas of the world. Failure of the issuer to redeem for specie would be prosecutable for breach of normal commercial and criminal law.

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