Russia is buying up gold

derryb

15.55 tons in a month - the implications

jmski52

Evidently, Russia is willing to trade revenues from their valuable oil resource for gold. This seems to say that they are moving toward a different international medium of exchange in lieu of the dollar, and it also seems to indicate that they value gold at least as much as they value oil. Interesting.........very interesting....

RedneckHB

We have the news on record that Russia is a persistent buyer, having bought 15.5 tonnes last month

Does the author care to divulge the source of the "news"? I didnt think so.

Russia is broke. Their infrastructure is a joke. Their people poor. They have a declining population and a mafia style government.

derryb

<< <i> We have the news on record that Russia is a persistent buyer, having bought 15.5 tonnes last month

Does the author care to divulge the source of the "news"? I didnt think so.

Russia is broke. Their infrastructure is a joke. Their people poor. They have a declining population and a mafia style government. >>


Care to divulge the source for your info on Russia? For a minute there I thought you were describing the US.

RedneckHB

<< <i>

<< <i> We have the news on record that Russia is a persistent buyer, having bought 15.5 tonnes last month

Does the author care to divulge the source of the "news"? I didnt think so.

Russia is broke. Their infrastructure is a joke. Their people poor. They have a declining population and a mafia style government. >>


Care to divulge the source for your info on Russia? For a minute there I thought you were describing the US. >>



You obviously have never been to either country.

derryb

At the moment, not much difference between the two.