Russia buying up Gold
Feb. 10, 2013 http://www.bloomberg...buys-world.html
When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it.
Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the past decade, a quarter more than runner-up China, according to IMF data compiled by Bloomberg. The added gold is also almost triple the weight of the Statue of Liberty.
1
Russia buying up Gold
Started by
acidhead
, Feb 11 2013 08:06 AM
7 replies to this topic
#1
acidhead
-
- Member
-
- 9,261 posts
Were Not Your Slaves!
- Joined:13 Feb 2007
- Gender:Male
- Location:Victoria, BC CANADA
Posted 11 February 2013 - 08:06 AM
"there is no wrong or right - just popular opinion"
#2
Frank Merton
-
- Member
-
- 3,887 posts
Member
- Joined:22 Jan 2013
- Gender:Male
- Location:Ho Chi Minh City, Vietnam
-
I dunno --
Posted 11 February 2013 - 08:17 AM
What an abysmal waste of money. At best he will keep up with inflation, but investing the money in infrastructure would have far more profit.
#3
Armchair Educated
-
- Member
-
- 1,293 posts
Psychic Spy
- Joined:04 Aug 2011
- Gender:Male
- Location:Plato's Cave
Posted 11 February 2013 - 08:54 AM
i wonder if the governments have already decided to crash the money concept, so ii seems like madness to us but maybe theres method behind the madness. i feel a new conspiracy theory coming about lol
`And be true to every promise - for, verily you will be called to account for every promise which you have made.
al-isra 17:34
al-isra 17:34
#4
Jinxdom
-
- Member
-
- 712 posts
Astral Projection
- Joined:06 Sep 2012
- Gender:Male
- Location:East Coast
-
Education...has produced a vast population able to read but unable to distinguish what is worth reading.
-- G.M. Trevelyan
Posted 11 February 2013 - 09:04 AM
Putin isn't an idiot, a tad bit crazy but definitely not an idiot.
#5
NiteMarcher
-
- Member
-
- 184 posts
Ectoplasmic Residue
- Joined:10 Mar 2012
- Gender:Not Selected
- Location:Paradise
-
To each his own--just let Me be Me!
Posted 12 February 2013 - 10:24 AM
An intelligent man indeed...
Edited by NiteMarcher, 12 February 2013 - 10:25 AM.
Believe what you want and I'll believe whatever I want...it's an open field, and
everyone is given a chance at making a home run...
everyone is given a chance at making a home run...
#6
AsteroidX
-
- Member
-
- 3,570 posts
Government Agent
- Joined:16 Dec 2012
- Gender:Male
- Location:Free America
-
it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security
Posted 12 February 2013 - 11:06 AM
I find Putin to be a very progressive International leader and one worth listening too especially when he gives speeches such as these. They are more then insightful to the world at large. One thing I notice in this one was a couple references to communism/democracy ie Euro across all lands and furthering the Russian language as the language of dialogue. Perhaps it got lost in translation as well. But altogether I find him to be perhaps the best leader on the World scene we have.
I cant speak for Russian internal politics nor should I but he did give some indications of what direction he would like to go. +1
I cant speak for Russian internal politics nor should I but he did give some indications of what direction he would like to go. +1
#7
keithisco
-
- Member
-
- 4,537 posts
Alien Abducter
- Joined:06 May 2007
- Gender:Male
- Location:Rincon de Loix, Benidorm
Posted 13 February 2013 - 04:55 PM
The man (Putin) suppresses free speech, demonstrations, and any semblance of having a single democratic bone in his body.
He is dangerous both to to the Citizens in Russia and on the World Stage. Expect a new Dictatorship coming to you REAL SOON!!
He is dangerous both to to the Citizens in Russia and on the World Stage. Expect a new Dictatorship coming to you REAL SOON!!
#8
NiteMarcher
-
- Member
-
- 184 posts
Ectoplasmic Residue
- Joined:10 Mar 2012
- Gender:Not Selected
- Location:Paradise
-
To each his own--just let Me be Me!
Posted 20 February 2013 - 12:54 AM
keithisco, on 13 February 2013 - 04:55 PM, said:
The man (Putin) suppresses free speech, demonstrations, and any semblance of having a single democratic bone in his body.
He is dangerous both to to the Citizens in Russia and on the World Stage. Expect a new Dictatorship coming to you REAL SOON!!
He is dangerous both to to the Citizens in Russia and on the World Stage. Expect a new Dictatorship coming to you REAL SOON!!
Unless you can see the future, I don't think I can agree with you on both of your statements.
Believe what you want and I'll believe whatever I want...it's an open field, and
everyone is given a chance at making a home run...
everyone is given a chance at making a home run...
0 user(s) are reading this topic
0 members, 0 guests, 0 anonymous users
