Look out for Gold and Silver to show a new face. China and Russia are making changes

[Dan Stubbs]

Here it comes, many year ago I wrote about the Gold and Silver that was being stock piled in China and Russia. The need to go back to the Silver an Gold standard. The main attack is going to be the Petro Dolllars that the Oil nations use now.

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...

 

[Toddsterpatriot]

Here it comes, many year ago I wrote about the Gold and Silver that was being stock piled in China and Russia. The need to go back to the Silver an Gold standard. The main attack is going to be the Petro Dolllars that the Oil nations use now.

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...

China will not have a gold standard.
Russia will not have a gold standard.