Efforts by the US to suppress gold prices in order to prop up the dollar are allowing Russia and China to build up huge reserves of physical gold by purchasing large quantities of the precious metal at significantly lower prices.
Net central bank purchases in the first quarter of the current year surged by 42 percent compared to the same period a year ago, totaling 116.5 tons, according to data compiled by the World Gold Council (WGC). The number reportedly represents the highest quarterly total since 2014.
Over the past two decades, Russia has been ramping up the purchases of physical gold. In May, the country’s gold reserves surged to 1,909 tons, Russia’s Finance Ministry reported. Since 2000, the country’s gold reserves have surged by 500 percent.
Russia remained the most prolific purchaser of gold in the first quarter of 2018. The country’s holdings currently account for 18 percent of total reserves, according to the WGC.
Last month, Russia managed to force China out of the top five gold holders, which also includes the United States, Germany, Italy and France. However, China is not far behind, with a reported 1,843 tons of gold held in its national reserves.
China and Russia, along with Turkey, India and other countries have been aggressively accumulating gold reserves in a bid to diversify their reserve financial assets from the greenback that currently serves as the global reserve currency….
Those devious russians and chinese refuse to subsidize the military operations of the empire which has all but declared war on them for encroaching on its back yard, which happens to include the entire planet.
In other words, the satanists who puppet the machinery of the US govt via murder, bribery and blackmail are quite literally forcing the destruction of the USA. In their lust for empire, they have killed their own golden goose, the world reserve currency.
The toxicity of this mindset is further illustrated by the empire attempting to wean europe away from russian gas imports by wrecking our own aquifers via fracking.