Moreover, in the third quarter the purchases by Russia of physical gold are at an all-time high, record levels. In the third quarter of this year, Russia had purchased an incredible amount of gold in the amount of 55 tons. It’s more than all the central banks of all countries of the world combined (according to official data)!
In total, the central banks of all countries of the world have purchased 93 tons of the precious metal in the third quarter of 2014. It was the 15th consecutive quarter of net purchases of gold by Central banks. Of the 93 tonnes of gold purchases by central banks around the world during this period, the staggering volume of purchases – of 55 tons – belongs to Russia.
Not so long ago, British scientists have successfully come to the same conclusion, as was published in the Conclusion of the U.S. Geological survey a few years ago. Namely: Europe will not be able to survive without energy supply from Russia. Translated from English to any other language in the world it means: “The world will not be able to survive if oil and gas from Russia is subtracted from the global balance of energy supply”.... -
.... - Leading Western economists are certainly aware of the severity of the predicament and hopelessness of the situation the Western world finds itself in, in Putin’s economic gold trap.
After all, since the Bretton Woods agreements, we all know the Golden rule: “Who has more gold sets the rules.”
But everyone in the West is silent about it.
Silent because no one knows now how to get out of this situation.
If you explain to the Western public all the details of the looming economic disaster, the public will ask the supporters of a petrodollar world the most horrific questions, which will sound like this:
– How long will the West be able to buy oil and gas from Russia in exchange for physical gold?
– And what will happen to the US petrodollar after the West runs out of physical gold to pay for Russian oil, gas and uranium, as well as to pay for Chinese goods?
No one in the west today can answer these seemingly simple questions.
And this is called “Checkmate”, ladies and gentlemen. The game is over.
The above article was translated by Kristina Rus
TRUE: That is an excellent chart. (the russian ruble)
Thats what happens when there is a currency devaluation. GOLD even though it appears to be doing nothing on the charts right now - will always hold its value.
GOLD can continue to sink, but relative to other currencies that are being devalued, again GOLD will prove its value.
Other currencies for the most part are just pieces of paper, that over the long term decay (inflation or deflation).
GOLD will always hold it value... and it has just been doing that for well over 5000 years...
all fiat are banksters slave currencies - they all will go bankrupt sooner or later - crimes are only lasting so long and never for ever - counterfitted money by banksters - all belongs in the prisons imo! -
The Day The Fiat Dollar Die - - a person / or a nation / be bankrupt - - about the same for all, will be said -
it has happen to all fiats before - e.g. - not to long ago to USSR, Zimbawe, Argentina, Germany etc. btw. - Gold & Silver have replaced every fiat currency for the past 3000 years -
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