American expert said why Russia and China are storing gold

The accumulation of gold reserves by Russia and China, which has been maintained by these countries for many years in a row, has been evaluated by American financial experts.




Thus, according to the president of the broker company Euro Pacific Capital Inc., whose office is located in Darien, Connecticut, the systematic increase in gold reserves by Moscow and Beijing is due to the expectation that in the future the dollar will cease to be a reserve currency.

The expert was rather skeptical of such a forecast, noting that the Russian and Chinese authorities were able to see ominous omens and "read what is written on the wall."

However, in the current situation, when the United States begins to use threats related to operations with the American currency as a way of pressure on other countries, it is hardly worth neglecting the fact that the leading countries of the world are beginning to consider the possibility of abandoning the dollar.

According to the estimates of the American edition of Bloomberg, Russia currently occupies 5th place in the world, with a gold reserve of 2200 tons. China's gold reserves exceed 1950 tons. This year, countries have increased their gold reserves by more than 100 tons.

Do not forget that against the backdrop of trade wars and in anticipation of the global crisis, gold is steadily becoming more expensive. So, in August, the price of an ounce peaked over the past six years.
Photos used: https://twitter.com/b_obraz_yur
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  1. aries2200 Offline
    aries2200 (aries) 11 September 2019 10: 47
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    After another “perestroika,” all the gold of Russia will end up in banks of the same USA ...
    1. And then! Sucker - not a mammoth, will never die out!
    2. Bulanov Offline
      Bulanov (Vladimir) 12 September 2019 10: 54
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      If before that, US banks do not end up on the seabed!
    3. Citizen Mѣshkov (Sergѣi) 13 September 2019 01: 08
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      There is no yet another “perestroika” even in the long run. And if it does happen, then it will be a return to the imperial past, in which the gold reserve was one of the largest in Europe, and then we did not withdraw finances abroad, but created good conditions for this.
  2. Tolik_74 Offline
    Tolik_74 (Anatoly) 11 September 2019 12: 00
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    The mattresses feel their demise, and they are trembling with all their strength.
  3. Roarv Offline
    Roarv (Robert) 12 September 2019 19: 53
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    To failure from $ - how to get to Beijing and go to the moon by bike ....
    Initially, create a system similar to SWIFT, transfer the UN headquarters, create two or three reserve currencies, re-elect the IMF board, etc. In the meantime, all the Central Banks of all countries send reports and transactions through SWIFT to the United States.
    1. Citizen Mѣshkov (Sergѣi) 13 September 2019 01: 20
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      We do not need such a complex system. The reserve currency may be the Imperial, based on the gold standard. The UN headquarters will be replaced by the imperial center in St. Petersburg. And for the place of the IMF will come a new financial center in Moscow. Moreover, in the military-political sense, everything is in order now.
      How do you like this picture?