‘Magic Wand’: Russia Buying Gold at Record Pace, Unlikely to Lose Momentum

Russia has been expanding its gold reserves at a record pace, according to information from the World Gold Council (WGC). Russian business newspaper Kommersant suggests this gold rush will give Russia guarantees against sanctions and economic and geopolitical risks. In the third quarter of 2017, the Central Bank of Russia bought 63 tons of the precious metal, bringing …

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It Took a Generation to Forget About Gold

There were two Executive Orders among thousands that had the most impact in the lives of the public. From 1933-1974 the United States Government implemented the removal of gold as money from the minds of the Americans completely shifting the paradigm of the monetary system. No longer did people see the right of holding gold …

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Gold Rush: Russia Stockpiling Bullion Like There’s no Tomorrow

The Central Bank of Russia has recently been buying bullion at an unprecedented pace. According to Argentine financial expert Gabriel Rubinstein, this policy is aimed at protecting the Russian economy in the event of crisis situations, including against dollar-related "manipulations" by the US. "Countries stockpile gold for strategic and defensive reasons; for instance, in case relations between nations are …

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DOLLAR BLOW: China Launches New ‘Yuan-Ruble’ Payment Mechanism

The US received a major blow to its global hegemony, and one which is sure to trigger more fighting talk from hawks in Washington. This week it was announced that China has established a ‘payment versus payment‘ (PVP) system to clear Chinese yuan and Russian ruble transactions. The aim, we’re told, is to to “reduce …

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Challenging the Dollar: China and Russia’s Plan from Petroyuan to Gold

As seen in my previous article, US military power is on the decline, and the effects are palpable. In a world full of conflicts brought on by Washington, the economic and financial shifts that are occurring are for many countries a long-awaited and welcome development. If we were to identify what uniquely fuels American imperialism and …

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Gold, Oil, Dollars, Russia and China

The 1944 Bretton Woods international monetary system as it has developed to the present is become, honestly said, the greatest hindrance to world peace and prosperity. Now China, increasingly backed by Russia—the two great Eurasian nations—are taking decisive steps to create a very viable alternative to the tyranny of the US dollar over the world …

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