Just wait until you see the gold price the US would need to back the US dollar (spoiler alert: A $10,000 gold price is TOO LOW)…
Russia is still kicking butt and taking names.
A year and a half ago, the world was treated to a sweet look into Russia’s gold vaults.
Some of the pictures from inside the vault:
See that post for even more pictures.
It wasn’t just gold that caught our eye:
Those are some sweet silver bars.
Now, fast forward-to 2019.
At the very beginning of this year, James Anderson of SD Bullion explained the gold price Russia (among other nations) needed to back its currency.
Suffice to say Russia needed a much lower gold price than any of The G-8 nations.
Central bank gold buying was frantic last year, and we know the fervor continues into 2019, with Russia (along with China) actively scarfing up tons and tons of gold.
Said differently, over the last six months, it has become increasingly clear that Russia is becoming even more well positioned with its finances.
Russia is still crushing every other nation when it comes gold reserves versus M0.
There is a famous saying out there: “He who holds the gold makes the rules”.
We know the rules are about to change, and the last time was in 1971.
Call it what you want to, but what we’re talking about is a “reset”.
A global change in the rules of the game, and guess what?
It usually happens during the evening too.
We are very near the time when the rules abruptly change again.
On top of that, the US dollar is strong, and gold is cheap.
People who want to improve their finances, well.
It is hard to get a much better deal than now.
We could also be talking about silver:
If gold is “undervalued”, silver is even more so.
And silver is money just the same as gold.
The US dollar is not actually money.
Sure, it’s currency we must use.
Forced, at the point of a gun.
There’s no force needed.
With gold and silver.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.