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Golden Star Resources, Ltd. Message Board

  • delfa4delfa delfa4delfa Sep 6, 2012 9:19 PM Flag

    Why is Putin stockpiling gold?

    According to the World Gold Council, Russia has more than doubled its gold reserves in the past five years. Putin has taken advantage of the financial crisis to build the world’s fifth-biggest gold pile in a handful of years, and is buying about half a billion dollars’ worth every month.
    It emerged last month that financial gurus George Soros and John Paulson had also increased their bullion exposure, but it’s Putin that’s really caught my eye.

    Sentiment: Strong Buy

 
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