Russia And China Roll Out 100% Gold-Backed Currency

Russia and China have outlined plans to create a 100 percent gold-backed currency system to replace the US dollar as the world’s dominant currency.

The Central Bank of Russia has been steadily amassing vast gold reserves since 2015 – accumulating 1,828.56 tons by the end of 2017 – making it the fifth largest gold reserve in the world.

Goldtelegraph.com reports: Russia has been aggressively increasing its gold reserves for a reason. It has seen the US dollar dominate as a global currency and is working with China to end the US/Western currency supremacy.

Their strategy appears to be working. Russia and China are in the midst of rumors of introducing gold-backed futures to circumvent the U.S dollar.

The US dollar has had no gold-backing since 1933, nor has the US increased its gold reserves for a decade. See chart below.

With speculation of Russia and China working on a gold-backed currency, a shift in monetary power from the West to the East seems to be their ambitions. The situation between East and West is exacerbated by recent tensions between Russia and the UK, since the alleged Kremlin poisoning of former spy Sergei Skripal and his daughter. British Prime Minister Theresa May has ousted 23 Russian diplomats from Great Britain. Geopolitical tension is once again, high.

It seems Russian may have tossed aside Das Kapital as its economic guidebook. Not only is creating a gold-backed currency appearing more likely month over month, but Russia has also brought inflation way down over the past decade. More importantly, Russia continues to lower their national debt, while the US has been increasing its debt to a record $21 trillion.

Russia’s financial strategy is making the country less vulnerable to volatile geopolitics. Not only is it a significant player in gold, but it is also the world’s third-largest gold producer, with the Central Bank of Russia buying up its supplies. During the past decade, Russian has mined more than 2,000 tons of gold, with tonnage expected to increase by 400 tons annually by 2030.

Russia and China understand the value of real, physical gold, a lesson that the US has forgotten while reveling in worthless paper currency.

If Russia and China establish a 100 percent gold-backed currency, it inevitably changes the game in the West. The dollar will continue to devalue against gold at a rapid rate.

Ultimately, the battle will not be Eastern vs. Western dominance. The real battle long term will be between the US dollar (fiat) and gold.

WOW this will spell the end of fiat currency (monopoly money) as we know it.

The US of A will become the new Africa, no wonder their pushing Russia into a corner.

Get ready for boat people from the USA.

This will be world war 3.

Sir lastnail wrote on Apr 9^th, 2018 at 4:47pm:



Australian Super would not allow me to have actual gold
as part of my superannuation.

No reason but I guess it's because they couldn't
cut a piece off every year to get their fees.

Bobby. wrote on Apr 9^th, 2018 at 5:06pm:


and yet they allow you to invest your super in shares in a gold producing company but not allow you to own the underlying gold. Go figure !!

Also a piece of metal does not give you dividends so they can't get their greedy little hands on a slice of that each year.