The selling of US treasuries has been wildly popular and widely reported. China has been a seller for 3 months now. Japan has flipped to selling in August, now having the lowest amount since 2011. It should be of no surprise that Russia finally has no US treasuries, having sold off their remaining holdings as of August. Russia chooses to invest in gold instead. They are not alone, many countries are. Including most recently Poland and Hungry. Hungry has increased their domestic gold reserves ten-fold, to 31.5 tonnes in just the two weeks starting October 2018!
Russian lawmaker Vladimir Gutenev, in an interview with the country’s Tass news agency suggested Russia should use gold-backed cryptocurrencies for collecting money from its export of weapons. The lawmaker said Russia should “consider the possibility of conducting transactions in cryptocurrencies that are linked to the value of gold.” Such a […]
Article taken from SilverDoctors We keep hearing the terms “global reset”, ‘monetary reset”, and “financial reset”, but resetting what to what, and how would that look? First, why would there be a reset? Resets happen quite regularly for reasons such as hyperinflation, default on debt, break-down of the system, and […]