Celcius

August Buying Time for Gold

Because in times of war paper currencies are worthless. IMO Russia and China are stocking up on gold as an insurance policy against a US default. Which is inevitable unless eliminate Social Security, Medicare, Medicaid, and all the industrial subsidies.

The gold reserves will provide them with the financial means to sustain military operations. They are also stockpiling mineral commodities which would allow them to continue military production without having to initially control strategic waterways for oils supplies.

On Aug 11 10:27 AM market_movement78 wrote:

> yeah, China does keep on increasing it's reserves...not sure why