Russia Bulking Up Gold Reserves, Preparing for World Financial Collapse
Russia is smart- they’re actually beginning to beef up their gold reserves if in the event of a total, world economic melt-down.
In October of 2011 alone, Russia added 19.5 tons of gold into their reserve. Whoa. With an ounce of gold at roughly $2000 per ounce, that’s a s**t load of money.
Russia is acutely aware of the looming financial collapse that will ravage whole nations across the planet. When the U.S. dollar collapses, the Euro will come next. Even Asian currencies aren’t guarded against the domino effect that a U.S. dollar collapse would bring on.
Proponents of the so called ‘gold standard’ recognize gold as money. Paper bills, according to gold standard advocates, should only serve as individual receipts for that particular bill’s amount stored away in gold. All other moneys printed from thin air amounts to ‘fiat currency’ and is thus worthless to the gold standard types.
For Russia to have accumulated almost 20 tons of gold means that they’re ready as ever to revert to a gold standard amidst the first signs of a U.S. economic collapse.
If nations switch to gold too fast too soon, it could actually speed up the process of an American melt-down. But make no mistake about it- the very second a country like Russia reverts to the gold standard, China will immediately dump the $2 trillion worth of debt that its currently holding for us and we’ll be out of business quicker than one can say ‘egg roll’.
On a personal note, I wished I would have bought gold when it was dirt cheap. I could’ve made a fortune by this point in time. I’m waiting however for a temporary ‘boom’ which I predict will occur just before the aforementioned bust. If my prediction of a boom serves true, I’ll probably invest at least $5000 and then await my pay-off in the following month or two.
It’s pretty frightening when countries all over the world begin stocking up on gold. You know then that the so called ‘alarmists’ such as myself were right all along. However, when world financial markets do cave in, is gold really going to present a viable solution to the inevitable anarchy which is bound to follow? Probably not.