Why Is Putin Stockpiling Gold?

Market Watch ^ | September 5, 2012 | Brett Arends

[Diana in Wisconsin]

I can’t imagine it means anything cheerful that Vladimir Putin, the Russian czar, is stockpiling gold as fast as he can get his hands on it.

According to the World Gold Council, Russia has more than doubled its gold reserves in the past five years. Putin has taken advantage of the financial crisis to build the world’s fifth-biggest gold pile in a handful of years, and is buying about half a billion dollars’ worth every month.

[Diana in Wisconsin]

It emerged last month that financial gurus George Soros and John Paulson had also increased their bullion exposure, but it’s Putin that’s really caught my eye.

No one else in the world plays global power politics as ruthlessly as Russia’s chilling strongman, the man who effectively stole a Super Bowl ring from Bob Kraft, the owner of the New England Patriots, when they met in Russia some years ago.

Putin’s moves may matter to your finances, because there are two ways to look at gold...

[Diana in Wisconsin]

Long-Time-No-See PING! :)

[hawaiianninja]

Why? Because he who holds the most gold has the better chance of controlling currency standards.

[Diana in Wisconsin]

You betcha. And, because he can.

[Jet Jaguar]

Goldbug Ping

[BooBoo1000]

Same reason lots and lots of individuals are storing gold and silver. They do not trust fiat money, or the people who are printing it.

[null and void]

Love him or hate him, Putin is a LEADER and a prudent man.

[Pontiac]

No one else in the world plays global power politics as ruthlessly as Russia’s chilling strongman, the man who effectively stole a Super Bowl ring from Bob Kraft, the owner of the New England Patriots, when they met in Russia some years ago.

Wow, I haven’t heard that story. How did that happen?

[Silver Sabre]

I have found this website to be a very useful source of information on the economy, gold, and silver.

http://goldismoney.info/forums/

[Navy Patriot]

Putin is acquiring gold because Putin is smarter than Obama.

[Iron Munro]

Maybe because he’s not as stupid as our president and congress?

[DeaconRed]

The Old Boy believes in the Golden Rule:
The one with the Gold Makes the RULES! ! ! ! ! !

[Diana in Wisconsin]

Oooo! Prepper stuff. Love it. :)

[CaptainPhilFan]

Beck’s commercials finally convinced him to pick up the phone.

[bert]

This week I had an intriguing thought...... are corporate treasurers buying gold?

We are told that corporations are sitting on cash, massive amounts of cash, that is being devalued. I wonder if they are investing some of that cash in gold? I think I would be.

[TigersEye]

Because he’s smarter than Bernanke?

[blam]

[familyop]

Russia is the fifth largest producer of gold.

Global merchants and bankers are about to push for some sort of quasi-gold-bullion standard for trade, maybe “stabilizing” currencies by pegging them to gold prices.

The Gold Standard Is Coming
http://www.freerepublic.com/focus/f-news/2928426/posts

From the looks of some of the plans, government/bureaucrat/recipient interests might be enticed and do already have their own game plan for such a trend.

Want to learn something that you didn’t already know about politics? See the following, at least until you see the Ron Paul advertisements and “Venus Project” ads. Notice the part about all of the people of the world collectively owning all of the resources. Communism...see? Now you know something that you didn’t know before—something really creepy and weird about contemporary politics. I’ll spare you the first of the two videos, as it doesn’t finally get to the point like the following.

Zeitgeist: Addendum (2008)
http://archive.org/details/Zeitgeist.Addendum

[dennisw]

That Putin, he’s a sly one. Rumored wealth is 20-40 billion dollars from getting a skim on Russian oil and gas projects

[RebelTex]

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