What makes you think Russia will sell any Gold other than the US press? Particularly when it only represents around 10% of their reserves.
Do you think Russia has no access to that marvellous invention used so much by Greenspan, Bernanke and Yellen? “The cash printing press.”
The USA never sold any Gold (apparently) and why would they when if all they need is cash they can print all they need. No need to manufacture or grow or produce anything of any value for sale just print and print as many dollars as need be. After all it causes no problems no inflation, no job losses and every American is well fed educated and happy. If it works for America why won’t it work for Russia in fact why should any of us even bother to work when we should just canvas our elected leaders to follow the American lead?
I think I am coming round to your and Mr Obamas opinion and this is definitely the way forward. So congratulations my little Kiwi mate I’m selling all my physical Gold and am writing a letter to my MP next to tell him about this new printing money scheme, then I writing to my lawyer to start a lawsuit against the government for compensation for all the hard work I did in the past manufacturing tangible goods for sale.
The very least they could do in the USA is add Mr. Greenspan and Bernanke and maybe even ABE’s sculptures up there on Mount Rushmore.