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Coffee Thoughts in Russia…

World reserves of foreign exchange and gold in...
World reserves of foreign exchange and gold in billions of US Dollars…

While sipping on a cup of coffee this morning and enjoying the crisp 2 degree Celsius, clear skied weather. I was thinking of something that had happened in the world…

It seems that the world currency devaluations will come. They have no choice but to devalue. With the Western world printing press running 24/7…

But that also will be unsuccessful as a tool to save the financial situation that the world has created.

Though Russia I see as one of the exceptions and has circumvented a major part of the devastation by failing to use stimulus packages to weaken its rouble.

So now every time the IMF tries to suppress gold prices with its gold dumping, Russia is right there buying it up, which must infuriate the elitists in Europe and the US.

So even though almost 2/3s of their economy’s growth loss has been due to drought and fires. Russia with close to $500 billion in foreign exchange, will have no trouble buying gold, which from my calculations is close to 706.38 tons and climbing monthly. Russia it seems has found an easy way to dump dollars.

So as long as the IMF wants to try to suppress the gold price by dumping gold on the market. Countries like Russia and China will buy, buy, buy and buy some more. Using those devalued dollars to purchase Gold…

I hear they are starting to buy silver also…

4 Comments

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