Quote:I am not buying Renminbi as a short term invesment ASC. I also buy silver bigger, a little gold.  I have taken physical delivery and have them safely stored.

I have bought silver specifically in 1 ounce pieces..the type that John Matthey makes.

why?

just in case the economy crashes and the dollar bill becomes useless.  silver for barter would be a good substitute.  and 1 ounce pieces will become very useful as a small unit of currency.  I did not buy silver primarily as an investment for direct profit but also as a hedge against economic collapse and paper monies become useless

I have not bought gold because that is a lil more difficult and already very expensive.  and Wall street is determined to keep a latch on the price of gold and silver.  if the Chinese have their way they will revalue the international of gold upwards. they have the most to gold and they win.  American has the most to lose from an unlimited price of gold which is why the hold the price down as if their lives depend on it.  their lives in cat do depend on a lower price for gold.  but the Chinese wants to change that post haste.  no need to wonder why

I can see silver having a very practical value up the road.  old will be problematic.  I prefer to leave that to the real big players.  all I need to do is live as well as I can.

I have no Rouble!  I cant bet on the Rouble from Canada which nation is part of the sanctions regime against Russia.  but I have no doubt based on my own assessment of these economies that hey are sounder that western economies because they have not been hollowed out by predatory financiers and saddled with unpayable debt that enslaves then comprehensively.  they are all under heavy austerity which is the most deflationary policy there is.  there is no possibility of economic recovery under austerity...and if so that means police state and lock down in perpetuity, because they people have to be controlled or they would revolt under never ending austerity

austerity is simply a tactic to grind surpluses out of social operating costs to pay interest every year on the unpayable debt.  it bleeds nations of surplus that can be allocated to stimulate economic recovery.  no matter what surplus is generated the debt principle cant be affected positively..why..every time the government spends a penny it is borrowed form the same people to whom the surplus is paid to meet interest charges every year.  paying interest only, every year never touches the principal which increases every year the government borrows the money for budgetary demands.

that is why there will be no recovery ever again because the debt is too large, increases all the time and the economy literally has to shut down to generate surpluses to meet interest payments

I don't have a clue what CAS is talking about.  the Russian nation is under no such financial strain and extractive  financial policies. they are fine.  if the Chinese are they can put an end to it at any point I imagine to save their economy.  who is to stop them..who can stop them?  no one can.  and that would be all they must do.  stop government borrowing and spend their own money internally interest free on infrastructure and social development