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Why Is Putin Stockpiling Gold?
Market Watch ^
| September 5, 2012
| Brett Arends
Posted on 09/09/2012 11:54:44 AM PDT by Diana in Wisconsin
I cant 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 worlds fifth-biggest gold pile in a handful of years, and is buying about half a billion dollars worth every month.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs
KEYWORDS: gold
It emerged last month that financial gurus George Soros and John Paulson had also increased their bullion exposure, but its Putin thats really caught my eye.
No one else in the world plays global power politics as ruthlessly as Russias 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.
Putins moves may matter to your finances, because there are two ways to look at gold...
To: blam
Long-Time-No-See PING! :)
2
posted on
09/09/2012 11:55:19 AM PDT
by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: Diana in Wisconsin
Why? Because he who holds the most gold has the better chance of controlling currency standards.
3
posted on
09/09/2012 11:59:29 AM PDT
by
hawaiianninja
(Palm note to self: Work for a successful 2012! +Throw the liberal garbage out!)
To: hawaiianninja
You betcha. And, because he can.
4
posted on
09/09/2012 12:00:56 PM PDT
by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: Diana in Wisconsin; jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; ...
To: Jet Jaguar
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.
6
posted on
09/09/2012 12:05:04 PM PDT
by
BooBoo1000
("The plans I have for you are plans to prosper you.,not to harm you, Plans to give you hope)
To: Diana in Wisconsin
Love him or hate him, Putin is a LEADER and a prudent man.
7
posted on
09/09/2012 12:10:19 PM PDT
by
null and void
(Day 1329 of our ObamaVacation from reality - Obama, a queer and present danger)
To: Diana in Wisconsin
No one else in the world plays global power politics as ruthlessly as Russias 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 havent heard that story. How did that happen?
8
posted on
09/09/2012 12:10:45 PM PDT
by
Pontiac
(The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
To: Diana in Wisconsin
To: Diana in Wisconsin
Putin is acquiring gold because Putin is smarter than Obama.
10
posted on
09/09/2012 12:35:30 PM PDT
by
Navy Patriot
(Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
To: Diana in Wisconsin
Maybe because he’s not as stupid as our president and congress?
11
posted on
09/09/2012 1:01:25 PM PDT
by
Iron Munro
("In any compromise between good and evil, it is only evil that can profit." - Ayn Rand)
To: Diana in Wisconsin
The Old Boy believes in the Golden Rule:
The one with the Gold Makes the RULES! ! ! ! ! !
12
posted on
09/09/2012 1:14:05 PM PDT
by
DeaconRed
(My vote in Nov will be dictated by my extreme hatred for ZERO and what he is doing to our country.)
To: Silver Sabre
Oooo! Prepper stuff. Love it. :)
13
posted on
09/09/2012 1:21:46 PM PDT
by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: Diana in Wisconsin
Beck’s commercials finally convinced him to pick up the phone.
To: Diana in Wisconsin
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.
15
posted on
09/09/2012 1:37:42 PM PDT
by
bert
((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
To: Diana in Wisconsin
Because he’s smarter than Bernanke?
16
posted on
09/09/2012 2:02:05 PM PDT
by
TigersEye
(dishonorabledisclosure.com - OPSEC (give them support))
To: Diana in Wisconsin
17
posted on
09/09/2012 2:25:35 PM PDT
by
blam
To: Diana in Wisconsin
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
18
posted on
09/09/2012 4:26:51 PM PDT
by
familyop
(We Baby Boomers are croaking in an avalanche of rotten politics smelled around the world.)
To: Diana in Wisconsin
That Putin, he’s a sly one. Rumored wealth is 20-40 billion dollars from getting a skim on Russian oil and gas projects
19
posted on
09/11/2012 12:18:49 PM PDT
by
dennisw
(Government be yo mamma - Re-elect Barack Obama)
To: Jet Jaguar
20
posted on
09/11/2012 10:01:05 PM PDT
by
RebelTex
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