Friday, October 11, 2013

Moscow Exchange Plans Gold to Silver Trading to Broaden Appeal

Russia is following in the steps of China in setting up exchanges for delivery of physical precious metals.  This is one more arrow in the USDollar as the global reserve currency, as Russia and China aim to back their respective currencies with gold.

Those who fail to anticipate this eventuality will experience cataclysmic losses.

http://www.bloomberg.com/news/2013-10-10/moscow-exchange-plans-gold-to-silver-trading-to-broaden-appeal.html

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