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Vladimir Putin’s quest to break Russia’s reliance on the U.S. dollar has set off a literal gold rush. Within the span of a decade, the country quadrupled its bullion reserves, and 2018 marked the most ambitious year yet. And the pace is keeping up so far this year.
originally posted by: ttobban
Have no fears, Bitcoin is here!
Shatoshi Nakamoto... you know, the person all people trust for their new asset vehicle standards yet hae zero clue who they are? Maybe people should not be so surprised when they learn that DIGITAL gold may have been created by a governing entity? It's amazing how people will jump onto the digital gold ship without even knowing who created it...
Gold and cash are what old people use...
An estimated $30 TRILLION dollars of baby boomer wealth transfer will occur in the next 2 decades. Do people really think that they're going to buy gold bars or cash with that inherited money?
originally posted by: liejunkie01
I have been buying fractional gold for a few months now.
Coupd that be considered dumping my fist for gold? I'm not Russian though, just saying.
I just want to be ready as I can be for/if something should happen.
originally posted by: a325nt
Afraid I need my income to live, do i can't be buying much gold...
Hoarding some silver though. Here's hoping it helps.
I said above that I would rather gold but that's only because Crypto and paper money will go the way of the dodo should the lights go out. In truth, I believe it wont matter what we think we have as supposed worth. In a pinch, there will be few types of currency and it likely wouldn't involve metals or paper. It'll be:
- Nourishing Food
- Clean Water
All the gold in the world wouldn't be able to purchase or trade for these things if the SHTF.
originally posted by: lordcomac
EO6102 was a real doozy. Arguably, the worst thing to happen to the US dollar since the Federal Reserve created it out of thin air in the first place, deciding it was worth gold.
I say bring back greenbacks... or start circulating REAL silver again.
Gold is physical. It has value. It doesn't deflate. It has actual physical worth.
originally posted by: olaru12
originally posted by: scraedtosleep
Russia sure is making some big moves.
Messing in usa elections.
Moving away from the dollar.
And If China calls in it's markers...could get nasty, very nasty!!!