The worlds biggest gold bug

[benjamen]

http://www.bloombergview.com/articles/2014-11-13/putin-is-the-biggest-gold-bug?cmpid=yhoo

Russia is trying to wean itself from the USD and has been buying up huge amounts of gold.

 

[pmbug]

Nice little bit at the end trying to lay a guilt trip on the Swiss ahead of their referendum. Gee, if the USA holds the most gold and the Swiss drive up the price of gold, who is the largest beneficiary? lol Logic.

 

[mmerlinn]

Nice little bit at the end trying to lay a guilt trip on the Swiss ahead of their referendum. Gee, if the USA holds the most gold and the Swiss drive up the price of gold, who is the largest beneficiary? lol Logic.

That is one hell of a big "IF" there since no one is allowed to actually view the gold the government claims to have.

 

[pmbug]

Yes, that was kind of my point. You'd think if people actually believed the USA held the gold, they would act like it (ie. the media would be positive on news that might benefit US assets?).

 

[11C1P]

Yes, that was kind of my point. You'd think if people actually believed the USA held the gold, they would act like it (ie. the media would be positive on news that might benefit US assets?).

The problem with that theory is that many in the MSM loathe everything about America. They want it to turn into their ideal socialist utopia, which would of course be more of a dystopia.