Tom Beck, editor of Portfolio Wealth Global, says if he’s learned one thing in the markets, it is that Jim Rogers never misses a big long-term investment thesis, and that Rogers has basically told investors to “forget China, buy Russia.”
After all the difficulties from the collapse in the oil price a few years back, the Russian State’s finances are in a remarkable, no-debt position.
It leaves her free to attack the dollar by buying gold…
The latest large increase in Russia’s gold reserves – a “buying spree” as reported by Reuters has again gone largely unnoticed by most analysts. Indeed, the important monetary and geopolitical ramifications continue to be largely ignored in western media.
I don’t know what event will trigger a failure in the west’s gold capping abilities, but I have a feeling that it will be an event that will make life very uncomfortable for everyone…
Alasdair Macleod joins the SGTREport for a MUST LISTEN interview dissecting all of the latest developments in world economics, NATO’s new war in Ukraine, and the ultimate financial nuclear weapon, Russian and Chinese GOLD.
Central banks across the world have purchased a record 477.2 tons of gold in 2014 as an attempt to reduce the influence of the US dollar amid global financial instability, according to World Gold Council.
It is the biggest amount of gold purchased by the central banks in nearly 50 years, the council said in a report.
And these numbers do not even include China…
In a shocking holiday admission, the Ukranian Central Bank has admitted a portion of Ukraine’s gold reserves have been discovered to be gold-plated
Tungsten lead. Yes, you read that correctly, LEAD.
The the scam reportedly took place between August and October, implying that average run-of -the-mill criminals absconded with the remaining scraps of Ukraine’s gold reserves after the US Fed made off with the bulk of Ukraine’s gold in early March.
The suppression of gold prices is essential at all costs to the Anglo-American banking interests. The saber rattling and attempts to lure Russia and China into military conflict are about who controls the financial world. Russia and China keep accumulating the eternal currency – gold.
The American Empire and their EU disciples continue to accumulate debt and print fiat currencies.
Has fiat paper ever won out over gold in the long-run?
Change is coming…
The Eastern Bloc of countries realizes they’re at war with Western ones, not a shooting war, but a financial one. This is an unconventional war, and an unconventional war requires unconventional tactics.
The “slings and arrows” flying through the air aren’t bullets and bombs, but rather economic sanctions, currency swap agreements, and boycotts. Whether you realize it or not, this war has been red hot for some time, and will soon come to a head. There’s actually more to gain or lose here, than most people can wrap their heads around, and the results of this conflict will change the world forever.
In partnership with Russia and others, China is stacking so much gold, at such an amazing speed, that the world has never seen its like before.
There is definitely a multi-leveled strategy here, to be the center of gravity for gold-trading/pricing/storing: not just for Asia, but for the world.
The Chinese government is doing all this to fortify its position, by building the “2nd Great Wall” for its own protection: the “Great Wall of Gold”.
There was quite an interesting headline in the news, which, to my great surprise, went almost completely under the radar, at the close of 2013. It was only picked up by a few small media outlets, and then was quickly dropped.
Nothing further was said, and no additional commentary was even given. I hope to remedy that today.
The headline was this: Russian banks buy up 181.4 tons of gold, in 2013.
Read that again, carefully.
Does it say, “Central Bank of Russia buys 181.4 tons of gold”?
No, it says that commercial Russian banks bought almost 90% of Russia’s gold production in 2013.
The Russians came up with an extraordinary statement recently, central to why Russia and China are buying gold, the importance of which was missed by the media.
President Putin said that “Russia and China need to secure their gold and foreign reserves.” He may have been overstepping the mark in making comments about China’s monetary policy, but he was unlikely to have done so without good reason.
Furthermore it is impossible to secure foreign currency reserves, because they are at all times under the control of the issuing central banks.
So what Putin was actually implying was that China and Russia need to secure their gold.
The signs are as clear as daylight:
It amounts to an Asian gold strategy that excludes the west, and by suppressing the gold price through sales and leasing of monetary gold western central banks have unwittingly enabled China’s carefully thought-out plans.
How and when will western central banks break the news to us all, that the bulk of the gold reserves entrusted to them are now in Asian hands, and they have been secretly complicit since the 1970s in setting up a whole continent with what amounts to the largest wealth transfer in history?
Regarding Goldman Sachs’ hypothecation of Ecuador’s 13 tonnes of gold: Ecuador has 26 tonnes in total.
You don’t manipulate the market with 26 tonnes. China withdraws over 30 tonnes per week from the Shanghai Gold Exchange. Then there’s India. Then there’s Russia. Then there’s Viet Nam (Viet Nam is the 5th largest gold importer in the world – that’s a fact). Then there’s all the other gold-buying countries. At least 50 tonnes of gold gets bought every week. This is gold that has to be delivered.
Coincidentally, or not coincidentally, Russia bought 25.5 tonnes in April.
My bet is that Goldman may have needed that gold from Ecuador to deliver to Russia.
For anyone who wondered what Russia was doing with the $21 billion in US Treasury bonds it dumped in March alone, we now have the definitive answer.