Page 1 of 2 12 LastLast
Results 1 to 10 of 14

Thread: Russia, China Continue "Massive Substitution" Of Dollar Assets By Gold

  1. 09-09-2019, 02:35 PM #1
    KingsX
    KingsX is offline Banned
    Join Date
    Apr 2017
    Location
    Dallas
    Posts
    4,794

    Default Russia, China Continue "Massive Substitution" Of Dollar Assets By Gold



    Gog/Magog exchanging dollars for gold.


    "I think it's clear to everyone now" exclaimed Russian President Vladimir Putin, (and French President Macron recently said so publicly), "that the leading role of the West is ending. I cannot imagine an effective international organization without [Russia], India and China."


    China's foreign exchange reserves jumped to $3.1072 trillion despite the falling yuan and escalating trade war with the US, while raising its gold holdings by nearly 2.89 million troy ounces (99 tons) in nine months. That's nearly five percent more since the end of last year.

    But China is not alone. Figures released by the Central Bank of Russia (CBR) on Friday show Russia’s gold bullion holdings have reached $109.5 billion as the nation continues to shift its growing international reserves away from the US dollar.

    As Bloomberg reports, Russia’s central bank has been the largest buyer of gold in the past few years... "


    more at link

    https://www.zerohedge.com/news/2019-...ar-assets-gold
    Reply With Quote Reply With Quote
  2. 09-09-2019, 04:55 PM #2
    Rob_0126's Avatar
    Rob_0126
    Rob_0126 is offline Senator
    Join Date
    Jul 2009
    Location
    Georgia
    Posts
    5,043

    Default

    It won't be pretty once the dollar gets flushed. I guess russia and china have great stores of food supplies?
    Proverbs 29:2, "...when the wicked beareth rule, the people mourn."

    Acts 4:12    ,     "Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved."

    Hebrews 13:8    , "Jesus Christ the same yesterday, and to day, and for ever."

    Revelation 3:11, "Behold, I come quickly: hold that fast which thou hast, that no man take thy crown."

    Matthew 28:20, "...I am with you alway, even unto the end of the world. Amen."
    Reply With Quote Reply With Quote
  3. 09-09-2019, 05:02 PM #3
    KingsX
    KingsX is offline Banned
    Join Date
    Apr 2017
    Location
    Dallas
    Posts
    4,794

    Default

    Quote Originally Posted by Rob_0126 View Post

    It won't be pretty once the dollar gets flushed. I guess russia and china have great stores of food supplies?


    Putin glorifies Stalin.

    Among other abominations... Stalin is infamous for destroying churches and mass-murdering via starvation millions of Russians and Ukrainians.
    Reply With Quote Reply With Quote
  4. 09-09-2019, 05:03 PM #4
    merovingian's Avatar
    merovingian
    merovingian is offline Tree of Liberty Supporter
    Join Date
    May 2009
    Posts
    7,750

    Default

    Food will be the next silver, water the next gold.
    Europe used to have empires. They were run by emperors.
    Then we had kingdoms. They were run by kings.
    Now we have countries...
    Reply With Quote Reply With Quote
  5. 09-09-2019, 08:21 PM #5
    lonewolfinoregon
    lonewolfinoregon is offline Senator
    Join Date
    Aug 2009
    Location
    Jefferson Republic
    Posts
    6,492

    Default

    Quote Originally Posted by KingsX View Post


    Putin glorifies Stalin.

    Among other abominations... Stalin is infamous for destroying churches and mass-murdering via starvation millions of Russians and Ukrainians.



    And how does this change above statements?

    Nothing, you keep posting these about Putin, yet they don't have anything to do with the info posted.

    Russia and China are hoarding metals and have went "COLD WAR" stance by rebuilding their cold war civilian infrastructure and telling their population to be prepared, while the WEST ignores the "signs".
    Reply With Quote Reply With Quote
  6. 09-09-2019, 10:25 PM #6
    moestooge
    moestooge is offline Judge
    Join Date
    Aug 2008
    Posts
    10,590

    Default

    Quote Originally Posted by Rob_0126 View Post
    It won't be pretty once the dollar gets flushed. I guess russia and china have great stores of food supplies?
    Everybody is in debt to everyone else in today's fiat money twilight zone. We owe the Chinese countless billions, and they borrow from us. The Japanese do the same. Germany lends tons in Europe while British and Canadian investors buy German bonds. The coming crash will be beyond brutal.
    Reply With Quote Reply With Quote
  7. 09-09-2019, 11:55 PM #7
    KingsX
    KingsX is offline Banned
    Join Date
    Apr 2017
    Location
    Dallas
    Posts
    4,794

    Default

    Quote Originally Posted by lonewolfinoregon View Post

    Nothing, you keep posting these about Putin....


    And I will continue to post about Putin or any other subject as I see fit...
    so your lame troll attempt at intimidation has failed.
    Reply With Quote Reply With Quote
  8. 09-10-2019, 04:14 AM #8
    Davy Crockett's Avatar
    Davy Crockett
    Davy Crockett is offline Judge
    Join Date
    Mar 2010
    Location
    Born on a Mountaintop
    Posts
    10,446

    Default

    It seems posting the same stuff over and over is trolling.
    Plato once said, “Wise men speak because they have something to say. Fools, because they have to say something.”

    "Fere libenter homines id quod volunt credunt." "Men willingly believe what they wish to believe."
    Julius Caesar

    There's no natural calamity that government can't make worse.
    Bill Bonner
    Reply With Quote Reply With Quote
  9. 09-10-2019, 07:30 AM #9
    Hoppalong's Avatar
    Hoppalong
    Hoppalong is offline Congressman
    Join Date
    Aug 2015
    Posts
    4,112

    Default

    Seems like an unhealthy fixation about Putin also. Wow, whats up with that?
    Last edited by Hoppalong; 09-10-2019 at 07:54 AM.
    Reply With Quote Reply With Quote
  10. 09-10-2019, 07:38 PM #10
    lonewolfinoregon
    lonewolfinoregon is offline Senator
    Join Date
    Aug 2009
    Location
    Jefferson Republic
    Posts
    6,492

    Default

    Quote Originally Posted by KingsX View Post


    And I will continue to post about Putin or any other subject as I see fit...
    so your lame troll attempt at intimidation has failed.

    Who's trolling?

    You are, I've been a member here long before you joined.

    And my comments are relevant to the posts.
    Reply With Quote Reply With Quote
« Previous Thread | Next Thread »

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules