On Friday, a Central bank spokesman said that over the past two months Russian gold and hard currency reserves (the third-largest in the world after China and Japan) increased by 14 billion US dollars to a new record of about 491 billion USD.
Editor’s note: Short, but significant. Per month, according to the above figures, the gold/hard currency reserves in Russia rise by some 7 billion USD. Averaged over a year, that is 84 billion USD (actually, there is more, but, I shall be conservative). Russia is a creditor nation; the US is a debtor nation. I ask you, can you truly repeat the Western media lie that Russia is essentially a Third-world nation? Shame on you if you continue to believe such in the face of the facts…
7 March 2008
Voice of Russia World Service
http://www.ruvr.ru/main.php?lng=eng&q=23935&cid=46&p=07.03.2008 (in Russian and English)
Here are some good posts I found on gold.
http://newsdroppings.blogspot.com/2008/03/todays-best-blogs-on-gold.html
Comment by News Monkey — Sunday, 9 March 2008 @ 22:29