Tag: gold in russia

We Are In A Transition To A Multi-polar Currency System

We Are In A Transition To A Multi-polar Currency System

We are currently in a transition period to a multi-polar currency system. The period of dollar dominance appears to be slowly but surely coming to an end. In the wake of Russia and China significantly strengthening their strategic alliance in recent months, it appears as though Western sanctions have heralded a new round in the struggle over the global monetary architecture.

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Is Russia Preparing To Introduce A Gold Standard?

Is Russia Preparing To Introduce A Gold Standard?

The key motivation behind the accumulation of gold is undoubtedly linked to secure the country from the increasingly inevitable collapse of the global currency system. As Macleod points out, “this ultimately is the importance of gold for Russia, and the fact she has been acquiring it aggressively suggests Putin knows it. Putin is not like a western politician driven from one trivial crisis to another and wholly reliant on a central bank to handle money matters.”

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Interactive Infographic: 10 Countries With Highest Gold Reserves

Interactive Infographic: 10 Countries With Highest Gold Reserves

The website of Physicalgold.com released an interactive infographic with some interesting facts and figures about the ten countries which hold the highest gold reserves in the world. Countries hold gold as a precaution to safeguard themselves against inflation, loans, debt and economic disasters. The total gold holding globally was just under 32,000 tonnes in the summer of 2014.

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What’s Behind Putin’s Insatiable Quest for Gold: Sovereignty, Diversification or Something Else?

What’s Behind Putin’s Insatiable Quest for Gold: Sovereignty, Diversification or Something Else?

Whether his insatiable appetite for gold is a desire to strengthen national sovereignty, flex his muscles in preparation for an economic battle in the global theater or remove the ruble from scrutiny against the U.S. dollar, two things are crystal clear: Strength comes from diversity, and Putin seems to be focused on converting his limited cash reserves into gold.

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Dollar Reserve Currency Dying But Meantime No Respite For Precious Metals

Dollar Reserve Currency Dying But Meantime No Respite For Precious Metals

In a nutshell, if the elites have their way, and to date they remain unopposed, the fiat Federal Reserve Note, aka the debt “dollar,” will be replaced with some form of a new international currency, or perhaps Special Drawing Rights, an international basket of currencies. All money may exist as computer credits that can be readily tracked. If anyone dare oppose the bankers, poof, your credits just disappeared, and you have nothing. Bankers rely on debt largesse and fear.

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The Day People Will Need Insurance, Gold Will Not Trade At $1200

The Day People Will Need Insurance, Gold Will Not Trade At $1200

Say what you want about the gold price languishing below $1200, and say what you want about the technical picture or the “6,000-year bubble,” as Citi’s Willem Buiter recently termed it; but know this: gold is an insurance policy and the time to assess gold is when people have a sudden need for insurance. When that day comes — and believe me, it’s coming — the price will be the very last thing that matters. It will be purely and simply a matter of securing possession and at any price. That price will NOT be $1200. A “run” on the gold “bank” would undoubtedly lead to one of those Warren Buffett moments when a bunch of people are left standing naked on the shore.

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Russia Grabs Another 18.7 Tonnes Of Gold In October From The Market

Russia Grabs Another 18.7 Tonnes Of Gold In October From The Market

Taking all this together, it is clear that the Eastern gold demand is largely offsetting the Western disinterest. The real effects of this evolution will become clear once the interest from the West will heat up.

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Russia Adds A Record 1.2 Mio Ounces Gold To Its Reserves

Russia Adds A Record 1.2 Mio Ounces Gold To Its Reserves

As evidenced by the Russian central bank, it appears that Russia has added another 1,200,000 ounces of physical gold to their reserves. Total Russian gold reserves now stand at 37,000,000 ounces, or 1049 tonnes. The following chart, courtesy Goldchartsrus, shows the increase of Russian gold reserves over the last 8 years. It is very interesting to note how September 2014 attributed to the biggest month-on-month increase ever. Only in May 2010 was there an increase which came close to the one of last month with an addition of 1.1 million ounces.

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Russia Adds 500,000 Ounces Of Gold Reserves In June 2014

Russia Adds 500,000 Ounces Of Gold Reserves In June 2014

Based on the latest update of the Russian central bank, it appears Russia has added another 500,000 ounces of physical gold to their reserves. Total Russian gold reserves now stand at 35,200,000 ounces, which equals 921,35 tonnes. Russia is among the top 8 countries with the highest gold reserves.

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Russia Touches U.S. Achilles Heel: Petrogold instead of Petrodollar

Russia Touches U.S. Achilles Heel: Petrogold instead of Petrodollar

What seems to be proven once again, is that gold equals strength. The petrodollar system is based on one, and only one, thing: trust. As soon as trust fades, the whole system collapses. That is the unspoken Achilles heel of the US. Unexpectedly, Russia is now in the position to touch this Achilles heel. Is this the trigger that will lead to a collapse of trust in the US dollar, as predicted for a long time by people like Jim Rickards?

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Russia Adds 79.5 Tonnes Of Gold In 2013 To Its Reserves

Russia Adds 79.5 Tonnes Of Gold In 2013 To Its Reserves

The Central Bank of the Russian Federation finally got around to updating their website for December—and for the first time in four months they added to their gold reserves. This time it was 700,000 troy ounces. Their total gold reserves that they’re reporting on their website now totals 33.3 million troy ounces. For all of 2013 they added 2.5 million troy ounces to their ‘reported’ reserves, which is about 79.5 metric tonnes.

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Gold – A Supressed Market Remains Suppressed, But For How Long?

| December 22, 2013 | Category: Investing
Gold – A Supressed Market Remains Suppressed, But For How Long?

The price of gold must be kept suppressed at all costs for many of the reasons cited. Does the fast-fading world reserve currency look like it is collapsing? The chart does not suggest it is.

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Russia Adds 12.7 Tonnes To Gold Reserves In August, Totals 1,015 Tonnes

Russia Adds 12.7 Tonnes To Gold Reserves In August, Totals 1,015 Tonnes

It is getting kind of a cliché: the monthly gold reserve accumulation mainly by Russia and China continues non stop. The most up-to-date chart (see below, courtesy of Goldchartsrus) shows that Russia has been accumulating gold bullion for 6 straight years. What’s more, from a shorter term point of view, this appears to the be the 11th month of gold accumulation.

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Russian Gold Reserves Grow Again In April 2013

Russian Gold Reserves Grow Again In April 2013

31.8 million troy ounces. That is the number of physical gold that the Russian central bank is holding at the end of April 2013. The Russian central bank just published their latest figures. Russis has added some 200,000 troy ounces of gold to their reserves. In less than 7 years, the Russian gold holdings have risen almost threefold. New holdings have been added in an accelerated way in 2009 and 2010, after which the growth has been steady.

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