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Gold Bullion Bars

Saturday, September 29, 2012

Why is Russia's Vladimir Putin stockpiling so much gold?

I can't imagine it means anything cheerful that Vladimir Putin, the Russian czar, is stockpiling gold as fast as he can get his hands on it. According to the World Gold Council, Russia has more than doubled its gold reserves in the past five years. Putin has taken advantage of the financial crisis to build the world's fifth-biggest gold pile in a handful of years, and is buying about half a billion dollars' worth every month.

It emerged last month that financial gurus George Soros and John Paulson had also increased their bullion exposure, but it's Putin that's really caught my eye. No one else in the world plays global power politics as ruthlessly as Russia's chilling strongman, the man who effectively stole a Super Bowl ring from Bob Kraft, the owner of the New England Patriots, when they met in Russia some years ago. ... We may be about to enter a much more turbulent and dangerous era of power politics and international competition. More information can be found online at

Posted by Richard Davey at 11:14 AM

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► October (71) ▼ September (26) • Gold was the Best Investment since 2000, says BMO ... • South Korea's central bank buys almost $1 billion ... • Dubai Gold Bullion Exchange hits new Trading Recor... • 5 Reasons to Own Gold Bullion • McAlvany Financial chief forecasting $3,500 gold p... • Gold Investing Guide • "You're going to see Gold Bullion take off faster ... • Bank of America predicts $2,400 Gold Bullion by en... • Gold Bullion "still targeted to reach $4,500," say... • India's Gold Bullion Reserve jumps to $26 Billion • Central Banks Buying Gold Bullion at Record Pace • Morgan Stanley: "Fed action is a game changer for ... • North Korea secretly sells $100 million in Gold Bu... • $2,000 gold, Motley Fool analyst says • Gold-Dispensing ATM Machine now in the United Stat... • Hong Kong gold exports to China rise 12% to hit 3-... • How to Buy Gold Bullion • Vaulted Gold Investments • $5000 Gold Bullion Prediction - at Denver Gold For... • Casting Good Delivery Gold Bullion Bars • Why is Russia's Vladimir Putin stockpiling so much... • Reasons to own Gold Bullion • Gold is a buy, Barclays tells clients • "A price of $15,000 an ounce for gold would not be... • How much gold is there on the planet earth? • $10,000 price of gold ?

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Richard Davey Consultants to the banking industry to supply gold bullion View my complete profile

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