So from 38.8mil ozt upto 39.8mil ozt. I am not rich enough to consider 1mil ozt of gold a token amount, yet reading your post that was my first thought. I really need to get a head check. I know these are countries we are talking about and their resources are vast, yet my first thought for the extra 1,000,000 ozt was MEH!. Strange how we think sometimes.
That's nearly a 3% increase in a month, that's pretty big, if you had a $500,000 morgatage that's like paying off $15k in 4 weeks.
Sure, it's nothing to sneeze it. 1,000,000 x 1,550AUD = $1,550,000,000 or $1.5 Billion AUD Still it's all just a game, banking and fiat rule all nations. To create a headline is meaningless. Russia care just as much about their population as the US which is just enough to keep the slave class in their place. Russia has a population of 144 million. So their gold holdings aren't vast by any means.
I would think that Russia is in the loop as to what China's gold stockpile is at and maybe they know more than the west and realize that now is the time to be accumulating gold.
House, I thought 'Zee' made fun of the German pronunciation of 'the'. With Russians, isn't it "DA RUSSIEANS"?
They're all the same to me Still awaiting the BRICS reserve announcement. China, India and Russia combine their gold holdings and create their own currency. What would the West do then?
China and India cooperating, especially after China's just announced $46 billion investment deal with Pakistan? No way in hell. But somethng may be afoot. If it's a shift to Zombucks as the reserve currency then I'm prepared.
Won't happen. Why would a PM backed currency be of use to growing economies like China or India? China has already said about 2% of reserves is the goal.....1500-2000 odd. It is natural Russia would buy gold. It is a sanctions by passer and the ultimate reserve for warmaking. Look at the krugerrands history and taking supply from internal production does not effect their balance of trade and subsidises miners .
I just wanted to say the same thing. The Russian would be "Za" :lol: How to "speak Rosshyan": [youtube]http://www.youtube.com/watch?v=XqKn5HXxeLA[/youtube] Your title should be: "Za Rosshyans Starrt Buying Gold Agayn" :lol:
