Russia has tripled its' gold reserves since 2014.

[the other mike]

And in the meantime while Putin is busy buying gold, Biden has an army of armed IRS agents poised to start seizing Americans property soon.

Smell familiar ? It will.

 

[Manonthestreet]

China has been doing the same.......

 

[the other mike]

China has been doing the same.......

And Iran and Saudi Arabia.......Libya was until 2011 when nato stole it

 

[Manonthestreet]

Party on Garth

 

[occupied]

Taking liquid wealth out the economy just to lock it up in gold is hardly something to be proud of. It's a theft.

 

[MisterBeale]

It's a theft.

How is buying whatever you want, "a theft?"

Who are you stealing from?

 

[occupied]

How is buying whatever you want, "a theft?"

Who are you stealing from?

A poor nation that buys up gold while their people do without has stolen liquidity from it's economy and locked it away from their citizens. Gold just sits there holding it's worth but it's not doing anything. If you don't sell it in times of difficulty to bolster a failing economy what's the use?