Russia backs return to Gold Standard to solve financial crisis

THE eXchanger · 03-31-2009, 01:41 PM

Russia backs return to Gold Standard to solve financial crisis

http://www.telegraph.co.uk/finance/f...summit/5072484
/Russia-backs-return-to-Gold-Standard-to-solve-financial-crisis.html

Cheers ....

Susan

Earn per click advertising rather than Pay per click.
https://www.pyrabang.com/go/workingwonders

alyscat · 03-31-2009, 01:44 PM

And, what would happen if they got into Fort Knox and found..... nothing? Hasn't been a hands on audit in years, I understand.
alys

orthodoxymoron · 03-31-2009, 03:21 PM

Some say that a silver standard is preferable because it is much more plentiful than gold...and less easily hoarded or manipulated. I suppose that anything is better than thin air! How about helium 3? The Fed and Fort Knox gold needs to be audited ASAP!

peaceandlove · 03-31-2009, 04:14 PM

Please also see this thread:

Russia Wants Rouble, Yuan, Gold in SDR Basket
http://projectavalon.net/forum/showthread.php?t=12639

THE eXchanger · 12-27-2009, 02:52 AM

Quote:

Originally Posted by peaceandlove

Please also see this thread:

Russia Wants Rouble, Yuan, Gold in SDR Basket
http://projectavalon.net/forum/showthread.php?t=12639

YES, THAT IS INTERESTING

RUSSIA is quite a super power - the age of the population is one of the lowest of all the worlds

(probably; because when socilaist comm ended/a lot of them died)

very sad, what happened to many

sjkted · 12-27-2009, 03:03 AM

This isn't just Russia, a number of countries are calling for the new reserve currency to be backed by gold or silver. I think that once this whole mess hits the fan, there will be some type of global "consensus" that no one country should have the power to blow up the world financial system, and thus there must be some restraint to keep the currency from being inflated. The gold or silver part will then be added only for political purposes. Having a currency backed by 5% silver or 5% gold won't keep governments from inflating and printing fake money. The only difference is that if we have a world currency, they will be able to control it even better because ordinary people won't be able to watch the forex markets and make observations about the differences in currencies.

--sjkted

greenelephant · 12-29-2009, 11:51 AM

In gata's conference held in 2005 by gold delegates in Canada (http://www.gata.org to see summary video) a Russian economic advisor to Putin when he was president attended the gata conference to hear about gold price manipulation and supression. Gata can only speculate but very shortly after the conference the stability of the price of gold was lost and the price began fluctuating. Soon afterwards Putin went public to announce the Russian central bank was purchasing and hoarding large quantities of pm's.

It seems Russia has been at this for a few years now

taomation · 12-29-2009, 12:00 PM

The link you posted is a dead end. I have followed several of your links lately and found the same issue. Maybe the things you are posting are so cuting edge that someone is taking them down

Could you repost. It sounded interesting. Thanks...

greenelephant · 12-29-2009, 12:28 PM

the gata link above is there. I've just checked it and its definately there. go to 'gold rush 21' menu tab to get to the summary videos if you wish to go there first and bypass all of their archived reports.

Kundaflower · 12-29-2009, 03:33 PM

Hi,

Russia is not speaking that gold will save the "financial" crisis, but that it would have part in SDR basket with many other new currensis.
Its not about going back gold standard.
Value of gold is easy manipulate

And it aint gonna save anything

Sorry my dear "goldbuggs"

KF

greenelephant · 12-29-2009, 04:36 PM

OK, I understand your point of view KF. It may be correct.

I obviously am not suggesting one invests into PM's in the hope of a return in the long-term. Especially in the wake of all the possible trials and tribulations planet earth is destined to experience (natural disasters etc). I wont need to explain how compatible materialism and spirituality are!

What makes me tick is the quantity of gold bullion bought by these asian countries as well as Russia (China and India etc). The amount they have invested into them is quite significant. India for eg buying nearly half the gold bullion stock of the IMF supply. China buying up many tonnes of bullion. These actions don't seem to imply that the central banks of each country has a casual attitude to PM bullion.

Gold price I think wont rise that much in terms of true wealth as all mined gold is accountable for so will only indicate as a marker for the real rate of inflation. Other PM's will have an edge over gold as compared to years back, their supply in relation to gold has decreased as they have been consumed by industry.

These facts are convincing though, but there are concerns the 'cat has been let out of the bag' about fiat money for some time, TPTB might be formulating a plan to ensnare the bullion investors of their wealth. I have no reason to suspect otherwise but cannot see a plan formulated. There may be one but I cant see one.

What's worst of all is people risk losing their hard-earned wealth. Im not trying to create a messiah complex but I just wish to think of solutions and to share and scrutinise them with yourselves

I do welcome your points KF, but I do think why has so much bullion being bought in such great quantities if they only wish to use the bullion as a tool to help diversify their portfolio's

03-31-2009, 01:41 PM	#1
THE eXchanger Avalon Senior Member Join Date: Aug 2008 Location: Spiritual eXplorer-Canada Posts: 4,915	Russia backs return to Gold Standard to solve financial crisis Russia backs return to Gold Standard to solve financial crisis http://www.telegraph.co.uk/finance/f...summit/5072484 /Russia-backs-return-to-Gold-Standard-to-solve-financial-crisis.html Cheers .... Susan Earn per click advertising rather than Pay per click. https://www.pyrabang.com/go/workingwonders Last edited by THE eXchanger; 12-27-2009 at 02:51 AM.

03-31-2009, 01:44 PM	#2
alyscat Avalon Senior Member Join Date: Sep 2008 Location: Washington state Posts: 743	Re: Russia backs return to Gold Standard to solve financial crisis And, what would happen if they got into Fort Knox and found..... nothing? Hasn't been a hands on audit in years, I understand. alys

03-31-2009, 03:21 PM	#3
orthodoxymoron Avalon Senior Member Join Date: Oct 2008 Location: Lunar Base II Posts: 3,093	Re: Russia backs return to Gold Standard to solve financial crisis Some say that a silver standard is preferable because it is much more plentiful than gold...and less easily hoarded or manipulated. I suppose that anything is better than thin air! How about helium 3? The Fed and Fort Knox gold needs to be audited ASAP! Last edited by orthodoxymoron; 03-31-2009 at 03:23 PM.

03-31-2009, 04:14 PM	#4
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: Russia backs return to Gold Standard to solve financial crisis Please also see this thread: Russia Wants Rouble, Yuan, Gold in SDR Basket http://projectavalon.net/forum/showthread.php?t=12639

12-27-2009, 03:03 AM	#6
sjkted Avalon Senior Member Join Date: Sep 2008 Location: LA County Posts: 361	Re: Russia backs return to Gold Standard to solve financial crisis This isn't just Russia, a number of countries are calling for the new reserve currency to be backed by gold or silver. I think that once this whole mess hits the fan, there will be some type of global "consensus" that no one country should have the power to blow up the world financial system, and thus there must be some restraint to keep the currency from being inflated. The gold or silver part will then be added only for political purposes. Having a currency backed by 5% silver or 5% gold won't keep governments from inflating and printing fake money. The only difference is that if we have a world currency, they will be able to control it even better because ordinary people won't be able to watch the forex markets and make observations about the differences in currencies. --sjkted

12-29-2009, 11:51 AM	#7
greenelephant Avalon Senior Member Join Date: May 2009 Location: Bedfordshire, UK Posts: 36	Re: Russia backs return to Gold Standard to solve financial crisis In gata's conference held in 2005 by gold delegates in Canada (http://www.gata.org to see summary video) a Russian economic advisor to Putin when he was president attended the gata conference to hear about gold price manipulation and supression. Gata can only speculate but very shortly after the conference the stability of the price of gold was lost and the price began fluctuating. Soon afterwards Putin went public to announce the Russian central bank was purchasing and hoarding large quantities of pm's. It seems Russia has been at this for a few years now

12-29-2009, 12:00 PM	#8
taomation Avalon Senior Member Join Date: Oct 2008 Posts: 97	Re: Russia backs return to Gold Standard to solve financial crisis The link you posted is a dead end. I have followed several of your links lately and found the same issue. Maybe the things you are posting are so cuting edge that someone is taking them down Could you repost. It sounded interesting. Thanks...

12-29-2009, 12:28 PM	#9
greenelephant Avalon Senior Member Join Date: May 2009 Location: Bedfordshire, UK Posts: 36	Re: Russia backs return to Gold Standard to solve financial crisis the gata link above is there. I've just checked it and its definately there. go to 'gold rush 21' menu tab to get to the summary videos if you wish to go there first and bypass all of their archived reports.

12-29-2009, 03:33 PM	#10
Kundaflower Avalon Senior Member Join Date: Sep 2008 Location: Finland Posts: 139	Re: Russia backs return to Gold Standard to solve financial crisis Hi, Russia is not speaking that gold will save the "financial" crisis, but that it would have part in SDR basket with many other new currensis. Its not about going back gold standard. Value of gold is easy manipulate And it aint gonna save anything Sorry my dear "goldbuggs" KF

12-29-2009, 04:36 PM	#11
greenelephant Avalon Senior Member Join Date: May 2009 Location: Bedfordshire, UK Posts: 36	Re: Russia backs return to Gold Standard to solve financial crisis OK, I understand your point of view KF. It may be correct. I obviously am not suggesting one invests into PM's in the hope of a return in the long-term. Especially in the wake of all the possible trials and tribulations planet earth is destined to experience (natural disasters etc). I wont need to explain how compatible materialism and spirituality are! What makes me tick is the quantity of gold bullion bought by these asian countries as well as Russia (China and India etc). The amount they have invested into them is quite significant. India for eg buying nearly half the gold bullion stock of the IMF supply. China buying up many tonnes of bullion. These actions don't seem to imply that the central banks of each country has a casual attitude to PM bullion. Gold price I think wont rise that much in terms of true wealth as all mined gold is accountable for so will only indicate as a marker for the real rate of inflation. Other PM's will have an edge over gold as compared to years back, their supply in relation to gold has decreased as they have been consumed by industry. These facts are convincing though, but there are concerns the 'cat has been let out of the bag' about fiat money for some time, TPTB might be formulating a plan to ensnare the bullion investors of their wealth. I have no reason to suspect otherwise but cannot see a plan formulated. There may be one but I cant see one. What's worst of all is people risk losing their hard-earned wealth. Im not trying to create a messiah complex but I just wish to think of solutions and to share and scrutinise them with yourselves I do welcome your points KF, but I do think why has so much bullion being bought in such great quantities if they only wish to use the bullion as a tool to help diversify their portfolio's

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