RUSSIAN GOLD RESERVES - A - Z
When food shortages and the energy crisis really begins to bite, only gold, silver and gemstones will be worth anything, by way of savings and pensions. Banks who trade in real coin of the realm, are the only ones who will be trusted in the future. Coins could soon make a comeback. The good news is that countries do not need to mint their own. Anyone can produce a quarter ounce dollar, based on the value of gold itself, rather than what any nation says it is worth. We'd suggest that gold is index linked to food, timber and other essential commodities.
In days gone by they traded in real money based on solid gold and silver minted coins. Today, paper currency is based on worthless promises, made by governments (and the IMF) that are typically corrupt in some measure; political pirates, racking up staggering national debts, based on flawed policies. There are though some countries who are building up real wealth. Gold reserves as ingots and bars, that will be worth something when the digital/paper system collapses. Paper and digital currency is no better than Crypto currencies. Here today, gone tomorrow. Smarter individuals changed their promissory notes for something more tangible. Taking control of their lives back from banks and crooked politicians. Show us an honest one please?
This move displeased Governments, who froze accounts and assets of many of those joining in the gold stampede, on realization of what politicians were doing to them. So to preserve the value of savings as pensions in later life. Many paper money dissidents were arrested and interrogated by state police - by way of terror tactics.
So it is that when John Storm discovers a long lost hoard of treasure, a number of nations are keen to get their grubby mitts on it. Adding John to their hit list. To add to their dwindling stockpiles, even though they still issue unsupported paper notes for all those yet to wake up to the economic facts of life. These are estimates as at 2023.
TOP TEN RESERVES IN 2021
@ 2,298.5 TONS OF GOLD
Russia can’t get enough of this precious metal and has spent around $40 billion (£28.7bn) in the five years to 2022 to boost its gold reserves, allowing it to overtake China in the rankings and reduce its reliance on the US dollar. Plus, it has a billion-dollar gold mining industry, which means this metal-rich country doesn’t need to rely on imports either. Its gold reserves increased by 6.22 tonnes during the third quarter of 2021, the fifth largest increase in the world.
The United States of America, with 8,133.5 tons of gold
DOES HAVING GOLD RESERVES IMPACT A COUNTRY?
The best known golden treasures are Doubloons, Guineas and Sovereigns. Other forms of transportable money are diamonds, rubies and emeralds.
STORM BY NAME, STORMY BY NATURE - Only two people knew where Henry Morgan's golden hoard was stashed, and they are both in Davy Jones Locker. Blackbeard was tortured by a British officer, trying to extract the secret, Henry Morgan died of a heart attack in Jamaica. John Storm discovers the location, but refuses to tell, even in the International Court, where Haigue prosecutors try every trick in the book to make him talk.
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