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Something You Want to Transmit to Us, Vladimir? Putin More Than Doubles Russia’s Gold Reserves

Sep. 7, 2012 2:18pm Becket Adams

Russian President Vladimir Putin is grabbing up gold “as fast as he can get his hands on it,” writes Brett Arends of MarketWatch. In fact, Russia has more than doubled its gold reserves over the last five years as a result of its buying up about half a billion dollars’ worth every month, the report adds.

Keeping in mind no one else “plays global power politics as ruthlessly as Russia’s chilling strongman,” as Arends puts it, one has to ask: What’s the angle?

MarketWatch explains the possible implications:

… according to International Monetary Fund calculations, the U.S. is on track to lose its status as the world’s biggest economy — when measured in real, purchasing-power terms — to China by 2017.

We will soon be the first people in two hundred years to live in a world not dominated by either Pax Americana or Pax Britannica. This sort of changing of the guard has never been peaceful. The declines of the Spanish, French and British empires were all accompanied by conflict. The decline of British hegemony was a leading cause of the First and Second World Wars.

What would a world look like with a diminished America?

… we may be about to enter a … turbulent and dangerous era of power politics and international competition.

Not long ago, world gold reserves were mainly in the hands of the U.S. and the Europeans, which accumulated their holdings during their centuries at the top. The U.S. has 75% of its currency reserves in gold. Many other first world powers have comparable proportions.

However, we must acknowledge certain emerging markets and their intense interest in the precious metal: China, Saudi Arabia, and Russia are now among the top five holders of gold in the world, according to the World Gold Council.

“Western European countries have been selling gold. If the current financial crisis gets any worse, they may yet sell more,” MarketWatch notes.

“Emerging markets have been buying. In most cases, gold remains a very small percentage of their total reserves. China, despite its recent buying, holds less than 2% of its currency reserves in gold,” the report adds. “But you have to wonder how long emerging countries will want to hold their reserves in any currency that is controlled by someone else.”

It seems Putin isn’t interested in holding a controlled currency. Indeed, at this point gold accounts for nine percent of Russia’s reserves.

Click here to read the full report.

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Comments (54)

RayOne
Posted on September 20, 2012 at 12:23pm
The deeming of Alaskan Islands and the oil producing potential to Russia was another late night deal of Obama’s WH.
Gold may be part of it, I haven’t read about that.

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RiseAboveThem
Posted on September 9, 2012 at 11:44am
The Chinese have huge reserves of gold as well and keep buying–waiting to pull the rug from under the US. Just one more term of Obama and we are DONE. We may already be DONE even with a change of leadership–R&R will need to be bold and have balls of steel to do what needs to be done. Not sure if they do, but we can only hope and pray. We know for certain–under Obama we crash and burn.

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katzkiner
Posted on September 9, 2012 at 1:26am
Putin is attempting to make the ruble the reserve currency for the Brazil,Russia,India, China trading group. If he can succeed- no more printing money for the USA. We crash and burn overnight. Doesn’t sound like he is trying to work with his friend, Obama. Source: Russia Today

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- katzkiner
  Posted on September 9, 2012 at 1:41am
  Obama and Putin should be friends. After all Obama hung Poland out to dry on the missile shield thing, cut USA nuclear forces, and gave Russia the OIL rich islands off that coast of Alaska. All unilateral concessions. They should be comrades in arms almost. You don’t think-couldn’t be the T word again. Dumb capitalists.
  
  Report this comment
- katzkiner
  Posted on September 9, 2012 at 1:55am
  How could I forget Obama gave the Russians the serial numbers of the Trident missiles in Britain’s nuclear subs, information the Russians had been trying to obtain for 20 years, boy, the Brits were very angry about that, said something about being betrayed. Putin and Obama ought to be best buddies.
  
  Report this comment
- idarusskie
  Posted on September 9, 2012 at 9:56am
  That’s because he gives a crap about his country’s economy. They sell oil. that why wee need to drill baby drill. instead of buy baby buy.
  
  Report this comment
OneShotPagan
Posted on September 8, 2012 at 6:57pm
During the Nixon administration the USSR was mining more gold than the rest of the world combined … Nixon did a good thing in getting us off of the Gold Standard … Russia now knows that world currencies are going to collapse due to idiots like Obummer … good move for them …

Don’t know why my stuff keeps getting censored by the Blaze, but I’m sure there is an agenda there as well …

If Vlad is waiting for the election when our Chairman has more “Latitude” to work with him …
who is Obama Working for?????

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- drs1969
  Posted on September 8, 2012 at 9:47pm
  When Nixon shut the ‘window’, gold was $35 an oz. Now it’s 50 times that! He should have been Impeached. I grew up in the 70′s. My parents divorced in the 70′s. Before divorcing, they fought over paying the bills constantly. Divorce was a relief to this kid. Nixon did it to save his political hide. Welfare and Vietnam should have been ended. Money was taken from my family and oher working families to feed deadbeats and bankers. Nixon was a crook.
  
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The-Obama-Romney-Ticket
Posted on September 8, 2012 at 4:33pm
“Putin More Than Doubles Russia’s Gold Reserves”

Oh, the humanity! Putin is trying to defraud the Russian people!
Where’s F.D.R. or a Weiner when you really need one?

“GLENN BECK TALKS GOLD! :: Don’t Be A WEINER! Save YOUR Cash From Obama’s World-Commie HEIST!!”
http://www.youtube.com/watch?v=qbINkYAezlU

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pissantno.10
Posted on September 7, 2012 at 8:53pm
one thing about the russians , most of there people dont like to work. thats why they wanted communism back they were to lazy to work hard and to use to living on nothing . they will need gold to buy stuff from other counties to survive. that why they like the middel east in a mess to keep oil prices up if they drop the cant feed there people

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- IDAcanyonman92
  Posted on September 7, 2012 at 9:26pm
  i would think that, with radical islam growing in the mid-east that any intervention in part by the US or NATO would draw russia in possibly.. but more likely russia would just fund or supply places like iran,syria,turkey,libya,etc. to mess with the United States, and also try to use the UN to stranglehold us internationally.
  
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- Johann
  Posted on September 8, 2012 at 8:21am
  I admire Putin; he is the leader of the Russians and it tries to do what is for the good and advantage of the Russian people. For too long Americans have elected presidents who serve the international crowd and ignore the needs of the American people(good old woody wilson who spent millions of dollars and the lives of hundreds of thousands of Americans in a stupid war that had nothing to with us but he could brag that we would go to war for democracy ). Our leaders would rather pour billions of our dollars into the various ratholes of the world than to help Americans. BTW Putin is a Christian unlike the present leader of the New American World State.
  
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- techengineer11
  Posted on September 8, 2012 at 9:44am
  Johann: You’re right on target. Our Media loved Stalin and Lenin as they were butchering millions of slavic Russians; however, little ole Putin a man who’s only interested in the welfare of the Russian people is continually maligned as the worst world leader since Adolf Hitler in the eye of the Media..
  
  You and I probably understand this but it amazes me that the average conservative American can not put the puzzle together and understand exactly what is going on… That’s even after I’ve told them for two straight years that our Media is totally dominated by Jewish Supremacist.. Yet they’re still puzzled they just can’t seem to understand…
  
  All they can say is we stand with Israel, we love Jews, we worship Jews, God will love us more if we worship Jews, we must give Jews our money so God will love us more.. etc. I wish people weren’t so ignorant but we have the blind leading the blind you know and Glenn Beck is the ole self proclaimed “Rodeo Clown..”
  
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christos
Posted on September 7, 2012 at 8:52pm
People working at Bank Of America who are against Romney are using customers credit card numbers & ordering things from Sports Authority,Not sure if Romney still has anything to do with that company,but I do know the enemies of the U.S. have infiltrated that Bank.

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Brian Williams
Posted on September 7, 2012 at 5:40pm
I don’t think that Russia has any debt!

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- The_Jerk
  Posted on September 7, 2012 at 6:05pm
  Look. It’s all a hoax. Here’s the latest Russian story. The Jewish, Peter Orszag, was Obama’s first Director of the OMB. In the early 1990′s, the Russian Government and its Ministry of Finance subsequently hired Peter Orszag as Economic Adviser in the Macroeconomic and Fiscal Unit, where he provided valuable assistance in negotiations with the International Monetary Fund.
  
  You tell me how these people holds high office in the United States.
  
  As another interesting aside, the Jewish OMB Director, Peter Orszag, was replaced by the Jewish, Jacob Lew, who was then replaced by the Jewish, Jeffrey Zients. What are the odds? Probability and statistics?
  
  Report this comment
- christos
  Posted on September 7, 2012 at 9:16pm
  Heard the Mr. O’s administration is full of Jewish people possibly the tribe of Dan/anti +CHRIST+ members & or this is how the anti +CHRIST+ Tricks Israel into signing the 31/2 year peace treaty because it will be someone they trust i.e. Jewish,,,the anti +CHRIST+ may come from the Jewish Tribe of Dan,,,he the anti +CHRIST+ will be magnetic/charismatic personality everyone will worship/idolize him,he the anti +CHRIST+ will come on the political scene in end days,he the anti +CHRIST+ will have $$$ almost sounds like the guy that’s in there now,,,consistent anthropology counts.Get your Mal facial ware,TA
  
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Brian Williams
Posted on September 7, 2012 at 5:35pm
The real question is what currency are they using to buy it? Their monetary policy makes America look like a pack of fools. We have been letting kids drive the boat for way to long. Russia is playing for keeps.

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- The_Jerk
  Posted on September 7, 2012 at 5:44pm
  They are raping our wealth, as historically they have done. When finished, they move on, leaving the poor victims behind.
  
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michael from Ga.
Posted on September 7, 2012 at 4:35pm
Who is buying the gold? Search Britton Woods agreement to see just who was seated at the table, and agreed that America would be the debt/consummer Nation. The world Reserve currency is in a serious bubble – when it burst, most will not know what in the world has happen.

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- The_Jerk
  Posted on September 7, 2012 at 4:54pm
  Just look at who the Fed Chairs have been during your entire life, and you’ll see who the players are, and from where they come. Ruled by a small group of Shylocks.
  
  Report this comment
- rrjenn
  Posted on September 7, 2012 at 5:16pm
  Jerk, you couldn’t be more right, but it’s not allowed to say the J word or you’ll be branded an A-S.
  
  Report this comment
- The_Jerk
  Posted on September 7, 2012 at 5:23pm
  Facts are facts, and the facts defy probability and statistics. I’ve long since abandoned the fears of labels. This is why they are used, to provide the veil to hide behind. The truth always prevails. They know it. They just delay it until it’s too late.
  
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- The_Jerk
  Posted on September 7, 2012 at 5:31pm
  Henry Morgenthau, Jr. and Harry Dexter White, both international Jews with no loyalty to country. Central Bankers have no loyalties to nations, never have, never will. They are by definition, international. How else do you think that it was our tax dollars that went to bailout European Banks? We pay the interest on that money. The private bankers get that money. We are all dupes.
  
  Report this comment
- Oneirishman
  Posted on September 7, 2012 at 7:29pm
  @the jerk
  My aunt married a Jew, he’s not a banker, but I’ll be keeping a close eye on him.
  
  Report this comment
- The_Jerk
  Posted on September 7, 2012 at 8:04pm
  Oneirishman, not all Italians were in the Mafia, but the Mafia was Italian. Same is true of the Jewish mob.
  
  Report this comment
- christos
  Posted on September 7, 2012 at 9:49pm
  Noah had 3 sons Ham,Shem & Japheth, Japheth went to Europe & started the Banking Industry,,,the Jewish people are the Chosen people of +JESUS+GOD+ & the Gentiles are the Children of the Promise neither one is more important to +JESUS+GOD+…their is some validity to what THE__JERK is saying & of course he is not referring to the entire race of Jewish people STOP with the accusations,,I learned the above at Bible Study.
  
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- drs1969
  Posted on September 8, 2012 at 10:02pm
  The Banksters are talking of implementing the Basel 3 accord next year. This will allow banks to hold Gold as a Tier 1 asset, which means they can count it good as cash (100%) reserves. That’s up from 50% of current value now.
  If this goes through, you can bet your bottom dollar JPMorgan and the like will start leveraging Gold to the moon. The exact opposite of the price suppression they have done since around 1988-89. I think this is how they intend to bail themselves out of their mess. As it is, the FED has been buying their bonds, but Bernanke has said that to buy anymore would harm them by drying up Soveirgn debt.
  I wish we had a sensible leader like Putin in the USSA!
  
  Report this comment
Penn
Posted on September 7, 2012 at 3:40pm
I know the USA has been through the mill. We have a loser president and a bunch of crooks, eunuchs and parasites in Congress. But even with that, I don’t believe China will overtake the USA in “terms of real purchasing power” in 2017, 2040 or maybe ever… until or unless they free up their people and free up the use of capital. Without unbridled entrepreneurship and the ability of capital to flow where it generates the best returns, any controlled society will be at a disadvantage to an open one. The recent stagnation we’ve experienced can be lain at the feet of a governmental oligarchy, succored by the billions of dollars provided by corporate lobbyists, that has tried to manipulate markets. The mortgage mess, extended unemployment, subsidies, bailouts, government mandated healthcare, quantitative easing, public union contracts are just a few of the government bonehead decisions that have smothered growth in this country. Unlease American innovation and entrepreneurship and the USA could really be Number One for a very very long time.

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- The_Jerk
  Posted on September 7, 2012 at 3:58pm
  The private Central Banking system of Shylock is the problem, period. This private system enriches itself on the perpetual debt of the public’s labor. They promote debt. They support politicians who promote debt and perpetual spending. It can not work, will not work. It is the greatest of all Ponzi schemes.
  
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- Penn
  Posted on September 7, 2012 at 4:14pm
  No argument there. I gather you’ve read “The Creature from Jekyll Island”. That’s why I referenced the crooks, eunuchs and parasites. Audit the Fed. Then shoot it.
  
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- The_Jerk
  Posted on September 7, 2012 at 4:21pm
  Invest in America. End the Fed.
  
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- RWCT
  Posted on September 7, 2012 at 5:01pm
  IF Obama gets re-elected, I predict America will lose its’ #1 status BEFORE the end of his 2nd term.
  
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- The_Jerk
  Posted on September 7, 2012 at 5:19pm
  Look, our presidents are pawn players. The Kings and Princes are in the Fed.. The Jewish banker, Rothschild, said it best: ““Give me control over a nation’s currency and I don’t care who makes the laws.”
  
  It should also be noted that Henry Morgenthau, Jr. and Harry Dexter White were also Jewish, the later also a Soviet spy with his Jewish comrade, Nathan Gregory Silvermaster. Defies probability and statistics.
  
  Report this comment
- katzkiner
  Posted on September 9, 2012 at 6:53am
  China biggest handicap is that 90% of its people.are illiterate as.are 70% of.it’s military.
  
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Malo periculosam libertatem quam quietam servitutem
Posted on September 7, 2012 at 3:18pm
when the collapse does happen conservativism “Crapitalism will be blamed”

it will be legal open season i cant wait

welcome to the american revolutionary war 2.0

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- progressiveslayer
  Posted on September 7, 2012 at 3:29pm
  You’re one of those scary communists eh? Communists anarchists or whatever &$#@&^ up ideology you subscribe to will never defeat America. Open season works both ways candyass.
  
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- Bob_R_OathKeeper
  Posted on September 15, 2012 at 5:01pm
  Malo, you would be worm food before you even got out of your mom’s basement.
  
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progressiveslayer
Posted on September 7, 2012 at 3:16pm
I think Lew’s on the right track here.https://www.youtube.com/watch?v=hkQzYSAC5DQ

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Rothbardian_in_the_Cleve
Posted on September 7, 2012 at 3:16pm
How long has it been since anybody has actually SEEN the gold in Ft. Knox?

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grayling646
Posted on September 7, 2012 at 3:06pm
Evidently, Putin listens to Glenn.

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Snowleopard {gallery of cat folks}
Posted on September 7, 2012 at 2:53pm
Consider three reasons why China, India and Russia are buying massive quantities of gold as it becomes availible:

One – to have a substantial edge pending any complete collapse of the world economy and gold becomes the fallback solution; thus they will be in an advantage for the strenght and influence of their marketing forces.

Two – we go back to a gold standard in the US, less reserves in the US (assuming any even remain in Ft Knox and the depositories) allows the other countries greater influence on our policies. Long range plan that gives them the strategic edge for some time down the road.

Third – if for some chance the world system does begin to recover w/o the collapse happening, then as gold is sought by other investors, nations and the like, these three nations will again have influence on the price of a limited commodity.

For all three nations this is a win-win-win situation.

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TIME_THE_AVENGER
Posted on September 7, 2012 at 2:49pm
Somewhere high in the Carpathian Mountains, I faintly hear the sound of breaking teeth as Vlad tries to eat his booty that should be soundly kicked. Not kissed, Barack The Impaled.

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22AUTOMATIC
Posted on September 7, 2012 at 2:47pm
Dear Blaze Readers. I urge you to watch the two video presentations below. There’s been a great betrayal in the White House. Our President has already made a deal with China to crash the dollar so we can repay our debts due to the lower value the dollar will have. Mr.Obama has already told China to hold off until after the elections AND is dishonestly holding back Greece’s departure from the European Union just so he can get elected also. As a former liberal democrat turned independent this is not politics, it’s evil. We watched all of last nights speeches with sick stomachs. They’re talking about improvements in “2040″ folks – WE HAVE FEWER THAN NINE WEEKS! This is it. 2012 prediction was right. The Book Revelations is NOW. Obama and his cabinet want to bring America down in “fairness” to the world (Obama 2016 movie). Start buying water, food, precious metals, toilet paper, iraqi dinars, gas for generators etc. If you live in a major city GET OUT or lock down. Once government checks stop coming you’ll see Rodney King Riots times a thousand. Do your own homework on this. Pray for our country and prepare to be a help to others. Romney won’t be able to reverse this; it’s too late. Give your life to Jesus Christ or be left behind.
Here’s the details
http://finance.uncommonwisdomdaily.com/reports/RWR/DEC-VSP/dec-vsp-alt.php?ccode=&em=&sc=g446&ec=4958121

http://rethinksurvival.com/posts/daily-youtube-the-first-24-hours-of-a-us-doll

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- lisa2994
  Posted on September 7, 2012 at 2:56pm
  When this happens it won’t matter where you are as it will happen to all of us unfortunately. Some of us sooner than others.
  
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- Dismayed Veteran
  Posted on September 7, 2012 at 3:24pm
  Like they said at Custer’s Last Stand:
  
  Don’t be afraid. What happens to one of us, will happen to all of us.
  
  Report this comment
- watashbuddyfriend
  Posted on September 7, 2012 at 3:24pm
  @22AUTOMATIC Posted on September 7, 2012 at 2:47pm
  Welcome in with your point of Bible Doctrine: “Give your life to Jesus Christ or be left behind.”
  
  This thing keeps popping up in the back of my mind that am I correct, with the help of Jack van Impe, that the time of the Rapture is coming about the Fall of 2018 (1967 plus 51.7).
  
  Also, I think God may be using Obama, just like he has used others, like Hitler, to bring about the 1948 event with the Jews? Why? Because These United States must fall away, in order for the Anti-Christ (666) to come into place!
  
  Report this comment
- GlennaBeckski
  Posted on September 7, 2012 at 4:55pm
  @22
  I love the way you think!! I tried to get my husband to buy this info a year ago but he’s still thinking the economy is going to rebound : ( (although last week he did admit my negative outlook may be right on.. I consider it discernment : ) ) Have you purchased the info and did you find it to be helpful? Also.. haven’t been on the second link.. looks like a survival forum. I was on one a couple of years ago and hubby became so infuriated with me, it got to the point where it was really having an impact on our relationship so I let it go. Gosh,, I wish you lived close to me so I could hunker down with you when PHTF .. (tried to clean that up a bit lol ).
  
  Do you think Christians are going to have to go through this? I’m hoping not.. as my husband and I dont see eye to eye on anything I’ve mentioned here… ANYTHING. I feel like a sitting duck.
  
  Thanks so much for posting the links.. I’m going to try and get him to watch later tonight. I AM DEFINITELY A BELIEVER.. IN JESUS AND THE INFO YOU HAVE PROVIDED.
  
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- ickyopterus
  Posted on September 8, 2012 at 8:45am
  You need to see a shrink…Quickly!!!
  
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progressiveslayer
Posted on September 7, 2012 at 2:30pm
Even the communist heathen knows gold will still have value even after all other currencies fail,which they all do btw. Too bad our communist leader doesn’t believe gold will have value,he’s addicted to the fed and the debt they use to ensure our depression.

What would a world look like with a diminished America? Since that’s Barry’s goal he would think that would be great idea and he’d love that.

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- Rothbardian_in_the_Cleve
  Posted on September 7, 2012 at 3:17pm
  Well Said PROG. Debt = Money
  
  These statements were made during hearings of the House Committee on Banking and Currency, September 30, 1941. US banker and economist, Marriner Eccles, was Chairman of the Federal Reserve Board (1934-48):
  
  Congressman Patman: “How did you get the money to buy those two billion dollars worth of Government securities in 1933?”
  Governor Eccles: “Out of the right to issue credit money.”
  Patman: “And there is nothing behind it, is there, except our Government’s credit?”
  Eccles: “That is what our money system is. If there were no debts in our money system, there wouldn’t be any money.”
  Congressman Fletcher: “Chairman Eccles, when do you think there is a possibility of returning to a free and open market, instead of this pegged and artificially controlled financial market we now have?”
  Governor Eccles: “Never, not in your lifetime or mine.
  
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Gonzo
Posted on September 7, 2012 at 2:29pm
Romney’s ‘flexibility’ is far more limited than Barry’s, Vlad.

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jackact
Posted on September 7, 2012 at 2:25pm
Vlad, your starving oppressed masses can’t eat gold.
When China collapses, we’ll be watching Commrade.
:)

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- JACKTHETOAD
  Posted on September 7, 2012 at 2:31pm
  Les’ go Vlad. You an’ me. Fang to fang. YUP TVOY YOU MACH!!!!
  
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