Wednesday, January 16, 2013

Russia Warns of Currency Wars

"Russia warns of Currency Wars. Of course, the Russians are ready. Their gold-to-GDP ratio is greater than China's and the same as the United States."

"While the world slept, Russia bought 300 tons of gold in the last four years, in small increments, about 7 tons per month."

- Jim Rickards via his twitter feed, follow him on twitter here: