MOSCOW - Russia's gold buying hit its highest level in six years in the first quarter of 2019. An expert is now warning Russian President Vladimir Putin’s heavy buying of the shiny metal is a “ bad sign ” for world peace. Russia has been stockpiling gold for years, but hit a six-year high in the first quarter of 2019, the World Gold Council (WGO) reports. Russia increased its reserves by 145.5 tons from the beginning of the year until the end of March. The massive amount is a 68 percent increase from the same period in 2018.
Adrian Ash, Director of Research at BullionVault said Mr Putin’s heavy gold buying is a bad sign for world peace. He said: “ Heavy gold-buying by governments or central banks is rarely a good sign for world peace and co-operation.” Moscow’s stockpiling of gold comes as they drastically attempt to reduce the central banks US Treasury holdings, as well as to “ de-dollarise ” the nation. By doing so, Russia protects its ' own interest ' from a potential fall in the world economy and gold is often considered as a hedge against any fall in value of the US dollar.
Mr Ash said: “ The golden rule is that whoever owns the gold has the power. Gold tends to do well when other assets do badly. So like any central bank Russia holds physical gold because it offers security and spreads risk. Moscow also sees gold as a way to limit US power by reducing its exposure to the Dollar.”
NEWS REPORT - Daily Express ( 21 May 2019 )
PROPHECY INSIGHTS - Is it surprising that Vladimir Putin is buying up and stockpiling ' GOLD ' ?? As the international landscape continues to deteriorate with pariah's such as Iran, North Korea, China and Russia all seeking to undermine the strength of Western democracies and particularly the power and influence of America Vladimir Putin recognises global instability and chaos are on the horizon.
Since the U.S. placed economic sanctions against Russia, its central bank has been accelerating its accumulation of gold in part as a safety net against having its assets frozen. Amid the continuing political and trade tensions between the U.S. and Russia, Putin knows buying up GOLD is also a tool to weaken the U.S. dollar as the top global reserve currency further undercutting the United States' role as the world's pre-eminent economic and military superpower.
'Gold' has always been the ultimate safe harbour against geo-political instability and chaos. Historically governments and their central banks have always looked to the ' power of gold ' to help them through bad economic times. Buying up gold has profound effects on long-term economic and military success . . especially in times of war. And war is coming !!! As we see this ' mighty man ' ( of the flesh ) Vladimir Putin preparing for ' this day ', putting his trust in his military prowess and underpinning this with a ' faith ' in the power of ' GOLD ' we know from God's Word these futile and vein plans for world domination will end in abject failure in the coming ' Day of the LORD '.
ZEPHANIAH 1 v14 - 18
The ' GREAT DAY of the LORD ' is near, it is near, and hasteth greatly , even the voice of THE DAY of the LORD : the ' mighty man ' shall cry there bitterly. ' THAT ' DAY is A DAY of wrath , A DAY of trouble and distress , A DAY of wasteness and desolation , A DAY of darkness and gloominess , A DAY of clouds and thick darkness. A DAY of the trumpet and alarm against the fenced cities , and against the high towers.
I will bring distress upon men, that they shall walk like blind men, because they have sinned against the LORD: and their blood shall be poured out as dust, and their flesh as the dung . . .
Neither their silver NOR THEIR ' GOLD ' shall be able to deliver them in ' THE DAY ' of the LORD'S wrath