"Dank, Money, and China: Gold is money  Everything else is credit.""  J.P. Morgan, 1912 While J.P. Morgan was instrumental in creating the dishonest and corrupt monetary system that we're forced to live with today, even he understood that gold is money, as he testified before Congress in 1912.  The powers that shouldn't be know that gold is money. The citizens, on the other hand, are propagandized into believing that it is not.  As such, the citizens are fleeced (repeatedly) with relative ease.  But the powers that shouldn't be protect themselves by owning gold, because after all, it is real money.  Right now, Russia is being hammered with U.S. sanctions. How do you suppose they are protecting themselves?  ---- James Rickards explains in his latest piece:  ""In the past four months, Russia has reduced its ownership of U.S. Treasury securities by 84% and has acquired enough gold to surpass China on the list of major holders of gold as official reserves.  Russia has almost 2,000 tonnes of gold, having more than tripled its gold reserves in the past 10 years. This combination of fewer Treasuries and more gold puts Russia on a path to full insulation from U.S. financial sanctions.  Russia can settle its balance of payments obligations with gold shipments or gold sales and avoid U.S. asset freezes by not holding assets the U.S. can reach."" ----  Gold is money.  Never forget that."
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