Russian and Chinese Central Banks Up Their Gold Reserves in June.
India Silver and Gold Imports Remain at Lower Levels in 2016.
Russian, Chinese and Indian Gold and Silver Update
Yesterday, (Fired-up Friday) Rory Hall and I from the Daily Coin held our bi-weekly Russia and Asian gold and silver update call. Prior to discussing the Russian, Chinese and Indian gold and silver central bank acquisitions and imports, we discussed the underfunded pensions and social security situation in the United States.
In January 2013, wenoted the possiblity that the US government may make mandatory the purchase of US bonds for retirement accounts. In January 2014, we noted President Obama’s “MyRA” proposal at his state of the union address where by employees could’invest’ in U.S treasuries via their employer’s payroll deduction. This led to a discussion (rant) on the state of the U.S. economy and stock market valuations.
Later during the call we discussed gold and silver in Russia, China and India. You can follow that discussion by viewing the charts and visiting the links below.
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