Russia is hoarding gold; you should worry

Next time you go to the bank and request some money and they tell you "we will have it to you in 8 years" Then come tell me that 8 years is not a long time to wait.

According to who - LOL According to YOU !!

 

There's more gold in the Fed Reserve Bank in New York than there is in Fort Knox. Didn't you watch Die Hard II?

 

If the US has so much gold, why did the US try to defraud China with gold plated tungsten bars?
Oh, and who is that "worlds largest private holder of gold (a usa company)"? Is it somebody who stole all the US gold via our insane debt policies?

BTW, I don't think gold is the answer to our economic problems.
We have destroyed our economy with taxes and regulations and the debt for our insane lust for slaughter and mayhem to benefit the Israelis and their super-rich friends.

If we discharge the fraudulent debt, as the Greeks refuse to do, make accomodations on honest debts, stop our wars, eliminate income taxes and property taxes on the American people, raise taxes on the corporations, use tariffs to equalize costs of production between countries, and give the American people a dividend each month of 1000$ from the tremendous wealth of America, the depression/recession would go away fast. That is if we confess our national sins, repent of them, conform ourselves to "nature's God" as specified in our Declaration of Independence and free the Black Man with compensation.

 

If I am withdrawing 300 tons of gold, maybe an 8 year wait is not that unreasonable. Withdrawing 300 tons of gold and transporting it across continents is not quite the same as withdrawing a few thousand dollars in cash.

 

Bravo !!!

 

US gross domestic product - a bubble. It consists of stock trading, resale property and dog groomers. In other words - empty. Incidentally when measured of US GDP by the method calculations 50s or 60s, you will see the GDP tends to zero.
America is living in debt. And brag about it. It's like the unemployed and needy buy "Mercedes" in debt and brag about it.

 

Bravo !!! And once again - Bravo !!!

 

You're right. Therefore, Russia and China have gradually withdrawn the dollar from discharge the main reserve currency. To nebylo chaos. As you say.

 

Putin has no accounts outside Russia.
This blunt Western propagandists say about quadrillion dollars Putin. But you will, I hope, an intelligent man, and will not believe the stories of idiots?

 

and Microsoft and Oracle and Google and Facebook and Boeing and GM and Chrysler and oil giants and world-renown pharmaceutical companies and banks and insurance companies and hundreds of thousands of profitable middle size and small businesses you've never heard of. Meanwhile Oil is below $50, Putin's "gold hoarding" campaign has proven to be a disaster having lost about 30% of its original value, Russia's median monthly income is $500, barely enough to buy food.

PS The dollar is close to multi-year high, the US stock market is at all time high.

 

I say the same thing. Oil companies have reduced their production by 40% (shale oil and gas) Internet companies - a bubble. Pharmaceutical companies are losing markets. There are only canine hairdressers and waiters. And web designers and experts in Photoshop. This is the real American economy. In other words - a bubble.

 

The profits of Internet companies, Software and Hardware companies, pharmaceutical companies are at all time high, so are the profits of car companies, airspace/defense companies, retailers, wholesalers, shipping companies and everyone else. Oil companies are struggling but still very profitable. The US is very close to full employment.


PS The US has more successful industries than Russia has successful companies LOL

 

Should we maybe talk about how gold is only an established standard and that if an economic crisis that could cripple the dollar ever occurred that gold would fold too, because it has no actual value?

 

Well written and based full on facts! Respect!

As a supplement you should give the hint perhaps, to take a closer look on the actions and circumstances with Venezuela and their demand for repatriation of their gold reserves back to Venezuela.

 

Historically gold has for a long time been viewed as a capital flight vehicle when the US dollar is imperilled. Back in 2006, with the realization that banks and the stock markets were teetering on the brink of disaster and collapse - the price of gold leapt from around $500 an ounce to over $1800 an ounce in just six years.

So it does have value - even if that is mostly psychological in nature. And that is the important thing. Over the centuries money has been anything people considered safe - from cattle to sea shells to tobacco (wampum) etc.

 

Of course its unreasonable. Excruciatingly unreasonable.

If it's your money or your gold being held in "safe-keeping" by a banker and you ask for it to be returned and told it will take 8 years (the period of time it would take the US to mine and refine the amount Germany owns) most of us would go crazy. If the gold was there it would take no more than a couple of months to package it and ship it back to Germany.

And transporting 300 tonnes across the Atlantic seriously can't be a problem - thousands of tonnes of goods are shipped between the US and Europe daily. Ergo, it's not a transportation problem at all. This is a red herring excuse. The fact is that the US doesn't yet have the gold available to repatriate to Germany.

 

The scenario is order from chaos. First there must be chaos so the new order can save us from it. This has been the way for hundreds of years. I don't expect them to change what works.

 

and their economic model is garbage.

2015 Chinese stock market crash

China dumped a huge amount of gold on the market and investors are spooked

WWIII is coming.

 

In this society of trains, planes and trucks, moving 300 tonnes of material from Point A to Point B is relatively simple. A Semi can easily transport 10,000 kg (10 tonnes).

A ship has no problem transporting 300 Tonnes. 30 Semi Loads, 1 ship.

I agree that this is a fair bit more complicated than going to the teller and requesting $100 dollars but this should not take a good logistics person more than a month to get done, never mind 8 years.

 

The whole economy of the US is run by the Fed. Reserve. The Fed is committed to holding down precious metals prices and keeping interest rates squashed so that big corps can continue to get rich buying their own stock back. Its all rigged. But don't sell Putin short. He has a PH.D. in Economics. A lot of people don't know that.

 

i understand that hedge funds who engaged is naked selling were largely responsible for the Chinese stock market crash. China passed a law to stop it and staunched the crash and continues to recoup some of the losses. Hedge funds do this in the US too, but the government is far too supine to make it a criminal offence, so naked selling remains lawful.

Put simply, when hedge funds operate in concert like this it's organized fraud. You sell something you don't own or have and the sell pushes down the market price. And then when the price is much lower, you buy back the short. It's market rigging at its best.

In the case of the sell off of gold in china it was 5 tonnes - a veritable drop in the ocean of state owned gold. From the reports I read these were private sales in anticipation of a rate hike by the Federal Reserve. But 5 tonnes on the Shanghai exchange amounts to 20% of daily volume, so it had an immediate impact on the price.

 

Commodities are the same thing. Services have value just like commodities do. Even Russians do not buy goods and services with gold coins.

Why are creditors continuing to lend us money if they do not expect we can pay it back? The lack of debt does not seem to be inspiring investors with confidence in Russia:

Debt is not a negative if your gains outweigh your losses. Debt is a risk, but like all risks, it can actually pay off and result in a situation that is better than before the debt.

 

Russia can buy all the gold it wants


it keep losing value, just like the Ruble.

 

Of course, market dog hairdressers the US is more reliable.

 

It's fools gold, lol.
You can have all that you want, distributor of delusions.