(Gog is rising…)
May 30th, 2014
… In recent weeks, Russia dumped a record amount of US treasuries and Russia’s central bank buys 28 metric tonnes of gold worth $1.4 billion in April alone. Last week Russia and China announced a landmark economic agreement which includes a natural gas deal worth $400 billion and increasing use of their own currencies in bilateral trade.
This week Putin said Russia and China need to secure their gold and currency reserves and Russia set up the Eurasian Economic Union with Belarus and Kazakhstan (See Astana, and the Ley Lines of Death). Armenia are to join within a month and Kyrgyzstan within a year.
This comes against a backdrop of China openly calling for a de-Americanization of the world in recent months and China, Russia, Iran and 21 other countries signing an agreement bolstering cooperation to promote peace, security and stability in Asia.
China is buying natural resources and hard assets globally and investing in infrastructure in Africa and West Asia in order to extract these natural resources. China is importing unprecedented amounts of physical gold and senior Chinese policy makers and officials have gone on record regarding how they view gold as in important strategic and monetary asset. …
(I added the links in the above quote.)