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What to write.....IMHO, gold is in a huge bubble and if you continue in your belief system you may lose allot of money. I write this not as a 'troll' but as someone who gets the whole narative and someone who got sucked into the goldbug mindset. Having skimmed through this forum, seems there are allot of GBs here. Free your minds! Test your assertions, they do not hold inmho. Hold a tiny 1-2% in your balanced portfolio. No more.

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Errol   

Against the Dollar? What Russia’s Increase of Bullion Reserves Could Mean

Russia seems to be launching a silent attack on the supremacy of the dollar and the Western countries, as President Putin is buying gold with “little fanfare, but on a large scale”; as there is no evident economic reason for such an increase, the move will provide Russia with an insurance against crises, according to German media.

http://sputniknews.com/russia/20160226/1035375018/russia-gold-reserves-increase.html

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Errol   

Canada’s golden age is over

Canada has used up all of its gold reserves. For the first time since 1935 the country is out of gold.

The volume of gold reserves in Canada has declined steadily over the past 50 years. In the mid-1960s, Canada’s gold reserves exceeded 1,000 tons. By 1985, half had been sold. In 2015, the reserves were down to three tons and now the country has no gold left.

https://www.rt.com/business/334498-canada-gold-reserves-economy/

Edited by Errol

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Errol   

In Gold We Trust: How the 'Entire Western Monetary System is a Fraud'

The largest Russian bank, Sberbank, is planning to increase the supply of gold to China up to 10-15 tons in 2018. Keeping in mind that both the Russian ruble and Chinese yuan are covered by gold, this step is a part of the “de-dollarization” of their economies, according to economist Peter Koenig.

https://sputniknews.com/business/201709071057180089-sberbank-gold-china-russia-economy/

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