The Ultimate Preppers: Why China and Russia Stockpile Gold

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Russia and China are furiously building up their gold reserves. Russia has bought 106 tons of gold this year and the People’s Bank of China has similarly accumulated about 100 tons. Russia’s gold reserves currently stand at about 2,200 tons, while Chinese reserves are pegged at 1,950.

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Special Report: June 23, 1913, President Woodrow Wilson proposed to Congress that American businessmen needed freedom of enterprise and relief from the boom and bust cycles.

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