Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Is It Time To Just Sell All Your Gold?
By: Avi Gilburt

The Number That Ends This Cycle…Part 2: Goldman Sachs Makes Its Choice
By: John Rubino

Asian Metals Market Update: May-23-2018
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver End Mixed
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 5 22 2018
By: Ira Epstein

Looking Forward to Gold's Next Rally
By: Craig Hemke

New book, 'American Default,' examines dollar devaluation, gold confiscation of 1933
By: Chris Powell

What’s Next for Gold
By: Jordan Roy-Byrne CMT, MFTA

Gold: A $100 Price Sale
By: Stewart Thomson

Gold Market Charts – May 2018
By: BullionStar

 
Search

GoldSeek Web

 
Russian Central Banker Highlights Gold Manipulation


 -- Published: Monday, 21 September 2015 | Print  | Disqus 

Russian Central Banker Highlights Gold Manipulation - Nathan McDonald

By Nathan McDonald
 
"The world has come to a paradoxical situation in which the creditor countries are more concerned with the fate of the dollar than U.S. authorities themselves.

Thus, the evolution of the U.S. dollar's reserve role in recent years has given ground to some quite pessimistic forecasts, based on rational economic theory. It's no wonder that the number of people who have held assets in dollars and now wish to diversify them partly into gold -- the traditional shelter from inflation and political adversity -- is steadily growing."

No, the quote above was not made by a "crazy" gold bug, it was not made by a doom and gloom forecaster that feeds off the fears of his readers. This comment was made by none other than a Central banker.

Before you jump up and down and get too excited, take a breath and realize who made this comment. The above statement was just a snippet from a long presentation given by Oleg V. Mozhaiskov, Deputy Chairman of the Bank of Russia.

In this presentation, Mr. Mozhaiskov goes on to explain in great detail how he sees the current state of the gold markets and the role it plays in our "modern" financial system.

Mozhaiskov states to his audience that the gold market has been and is manipulated by the elite powers-that-be. He states how the current reserve currency of the World is fatally flawed and that gold will and must play a role in our system.

These statements don't come as a surprise to me, given the fact that Russia is one of the most active participants in the real physical gold market, a fact that he points out and makes no qualms about the matter, despite the smear campaign that the West and their puppets in the mainstream media has engaged against the reputation of gold.

Russia knows that a major change is coming down the road, they know that by making presentations such as this, and for their active participation in the gold market, that they have become a real threat to the current power structure of the world.

For this, they have suffered sanction after sanction and essentially been shunned by most of their trading partners in the Western world. Despite this, they have endured and continue to accumulate gold en masse.

They, along with countries such as India, China and others in the East, know that an end game is coming, and a global shift in power is on the way. The system as we know it, will look drastically different in 10-20 years.

The long-term planning of these countries has to be applauded, especially if coming from a Western country, such as myself, whose vision only extends quarter to quarter and has no long term plan for itself, its finances, or its people.

Still, they are not completely innocent, the writing may be on the wall, and they may see what is ultimately coming for the West, but they are not simply sitting around waiting for this day to come.

No, the East is actively engaged in trade deals "behind closed doors" amongst each other and are actively attempting to displace the US dollar from the throne it currently sits upon.

The ultimate question that everyone would like to know is "when will this change happen?" The answer to this is unknown, but that doesn't change the fact that a path has been set and plans are in motion for it to occur. The West has driven over the cliff and just like the iconic character Wile E. Coyote, all that needs to occur now is that we look down at the rubble at the bottom of the canyon.

Visit SprottMoney

 


| Digg This Article
 -- Published: Monday, 21 September 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.