Putin buys tons.... "The more gold a country has, the more sovereignty it will have if there’s a cataclysm with the dollar, the euro, the pound or any other reserve currency,”
Oddly enough, that's the same size bar I do my curls with!
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation [...] Gold stands in the way of this insidious process. It stands as a protector of property rights." - Alan Greenspan
<< <i>Why doesn't he have any faith in the ruble? >>
It's not reserve currency. He knows today's dollar, sterling or Euro could be tomorrows ruble. He is smarter then he looks. He is also strong like bull.
MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Putin is 100% correct when he says ""the U.S. is endangering the global economy by abusing its dollar monopoly."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Why doesn't he have any faith in the ruble? >>
Which currency would you like to have "faith" in?? Will that make it "faithful"?? >>
Its his currency. He runs the country. And he doesnt trust it? So he doesnt have confidence in himself? >>
You're right, yours is a very idealistic point of view. I see him more as a pragmatist. And gold more as a pragmatic expression and foil to the fallacy of fairness.
Just curious, but how does Russia pay for that gold? Electronic funds transfer? Do they actually deliver physical cash like we did in the early stages of the Iraq War?
Putin suffers from Napoleon syndrome. He suffers from a constant need to show his power. What better way than to hold a large gold bar to the camera. You probably got turned down by some young girl 5 minutes before that picture
Seems like this board wants to follow the advice of Putin and Chavez. The recent underperformance Of metals is really Taking a psychological toll.
<< <i>Putin suffers from Napoleon syndrome. He suffers from a constant need to show his power. What better way than to hold a large gold bar to the camera. >>
Photo opps are great. Doesn't exactly exude confidence. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Just curious, but how does Russia pay for that gold? Electronic funds transfer? Do they actually deliver physical cash like we did in the early stages of the Iraq War? >>
By selling Russia's natural resources like oil, base metals, salt, submarines, jets, rockets, guns, etc.
<< <i>Just curious, but how does Russia pay for that gold? Electronic funds transfer? Do they actually deliver physical cash like we did in the early stages of the Iraq War? >>
Russia has a very large trade surplus with the EU, 73% from fuel and energy exports.
The 2012 total Russian trade surplus is over $200 billion.
When Russia sells energy it gets paid in Euros in EU member country banks. The Euros are then used to buy gold.
It's not rocket science that stabilizes the economy. Gold the only measure of wealth for "THE PEOPLE". The labor costs required to get it from the ground dictates everything. DICTATING is just a voice in control of who does what at the moment. Gold was melted into the shape of a calf while Moses was chiseling the ten commandments into a ROCK.
Some may believe, some may not. There will be streets of gold and that's what "He" said, not me.
May God bless our leaders and may the people prosper, in love. Don't shoot the messenger, spread the wealth.
<< <i>Just curious, but how does Russia pay for that gold? Electronic funds transfer? Do they actually deliver physical cash like we did in the early stages of the Iraq War? >>
Russia has a very large trade surplus with the EU, 73% from fuel and energy exports.
The 2012 total Russian trade surplus is over $200 billion.
When Russia sells energy it gets paid in Euros in EU member country banks. The Euros are then used to buy gold. >>
But isn't everyone supposed to be using the US dollar for international trading?
Further evidence that the petrodollar is dying.
Now that cash is no longer king as trade wars spark a race to the currency value bottom, like most here, the world is learning that gold is a good place to park excess reserves. This is why central banks are stocking up on new gold reserves and are demanding return of existing gold reserves. Money created out of thin air is dying and central banks know this. . . do you?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Gold's price is directly proportionate to the massive amount of debt that is being created to keep the current fiat system alive."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It's for the children. It takes a village You want to be safe from terrorism, don't you? It's for your own good..you understand don't you? >>
I said that in another thread, I sat in traffic and watched a 7 man crew fix a traffic light and 6 were doing absolutely nothing. The rest of us would be fine if 5 of the 7 of them would make themselves useful.
Big Government is booming. Go to Washington DC and look around , its awash in money while the rest of the country is struggling.
Gold is money, and while it may go up and down in relation to economic conditions, "...it has never been worth nothing.". On the other hand, fiat currencies have often achieved nothingness. Cheers, RickO
Comments
Knowledge is the enemy of fear
<< <i>Why doesn't he have any faith in the ruble? >>
Which currency would you like to have "faith" in?? Will that make it "faithful"??
<< <i>Why doesn't he have any faith in the ruble? >>
It's not reserve currency. He knows today's dollar, sterling or Euro could be tomorrows ruble. He is smarter then he looks. He is also strong like bull.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>Why doesn't he have any faith in the ruble? >>
Which currency would you like to have "faith" in?? Will that make it "faithful"?? >>
Its his currency. He runs the country. And he doesnt trust it? So he doesnt have confidence in himself?
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>Why doesn't he have any faith in the ruble? >>
Which currency would you like to have "faith" in?? Will that make it "faithful"?? >>
Its his currency. He runs the country. And he doesnt trust it? So he doesnt have confidence in himself? >>
You're right, yours is a very idealistic point of view. I see him more as a pragmatist. And gold more as a pragmatic expression and foil to the fallacy of fairness.
<< <i>Gold is good....and likely to always be a medium of exchange. Cheers, RickO >>
Seems like this board wants to follow the advice of Putin and Chavez. The recent underperformance Of metals is really Taking a psychological toll.
Knowledge is the enemy of fear
lol, you are starting to sound like Paul Krugman. Just how far down the road do ya think we can kick that can?
I knew it would happen.
Knowledge is the enemy of fear
<< <i>Putin suffers from Napoleon syndrome. He suffers from a constant need to show his power. What better way than to hold a large gold bar to the camera. >>
Photo opps are great. Doesn't exactly exude confidence. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Just curious, but how does Russia pay for that gold? Electronic funds transfer? Do they actually deliver physical cash like we did in the early stages of the Iraq War? >>
By selling Russia's natural resources like oil, base metals, salt, submarines, jets, rockets, guns, etc.
<< <i>Just curious, but how does Russia pay for that gold? Electronic funds transfer? Do they actually deliver physical cash like we did in the early stages of the Iraq War? >>
Russia has a very large trade surplus with the EU, 73% from fuel and energy exports.
The 2012 total Russian trade surplus is over $200 billion.
When Russia sells energy it gets paid in Euros in EU member country banks. The Euros are then used to buy gold.
The labor costs required to get it from the ground dictates everything. DICTATING is just a voice in control of who does what at the moment. Gold was melted into the shape of a calf while Moses was chiseling the ten commandments into a ROCK.
Some may believe, some may not. There will be streets of gold and that's what "He" said, not me.
May God bless our leaders and may the people prosper, in love.
<< <i>
<< <i>Just curious, but how does Russia pay for that gold? Electronic funds transfer? Do they actually deliver physical cash like we did in the early stages of the Iraq War? >>
Russia has a very large trade surplus with the EU, 73% from fuel and energy exports.
The 2012 total Russian trade surplus is over $200 billion.
When Russia sells energy it gets paid in Euros in EU member country banks. The Euros are then used to buy gold. >>
But isn't everyone supposed to be using the US dollar for international trading?
Further evidence that the petrodollar is dying.
Now that cash is no longer king as trade wars spark a race to the currency value bottom, like most here, the world is learning that gold is a good place to park excess reserves. This is why central banks are stocking up on new gold reserves and are demanding return of existing gold reserves. Money created out of thin air is dying and central banks know this. . . do you?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Outlook 2013 - The Irreversible Trends Driving Gold to $10,000
"Gold's price is directly proportionate to the massive amount of debt that is being created to keep the current fiat system alive."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The TOLL comes from looking at monetary and fiscal policy.
More printing
More taxes
More control
More raises for public serpants
Mote goofballs who have never produced or created value telling me how
to produce and create value.
Govt employment still at 100%.
It's for the children.
It takes a village
You want to be safe from terrorism, don't you?
It's for your own good..you understand don't you?
<< <i>BTW
Govt employment still at 100%.
It's for the children.
It takes a village
You want to be safe from terrorism, don't you?
It's for your own good..you understand don't you? >>
I said that in another thread, I sat in traffic and watched a 7 man crew fix a traffic light and 6 were doing absolutely nothing. The rest of us would be fine if 5 of the 7 of them would make themselves useful.
Big Government is booming. Go to Washington DC and look around , its awash in money while the rest of the country is struggling.