Wednesday, October 5, 2016
Russia Is Hoarding Gold
Byron King, The Daily Reckoning: Russia is hoarding gold at an alarming pace
Last weekend, CBS News broadcast a segment on 60 Minutes, titled “Risk of Nuclear Attack Rises.” The story described how new geopolitical tensions between Russia and the U.S. are rekindling the old Cold War. Both sides are increasing their respective nuclear readiness postures.
The 60 Minutes piece was sobering. It showed eye-catching imagery of B-52 bombers and ballistic missile submarines, along with informed narration by veteran defense reporter David Martin. It also included rare interviews with senior U.S. military officers who run the nuclear complex. All in all, the segment was well produced.
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WNU Editor: Everyone that I know in Russia .... family, friends, business associates, contacts, etc. has a stash of gold somewhere. Even when the Communists were power .... the Kremlin's love affair with gold never ended. My prediction .... Moscow will continue to buy gold as long as the price stays where it is.