Putin along with China stockpiling gold reserves in anticipation of the complete collapse of the world financial system in the near future.
Respect to the leaders of these countries to simply accept what is happening and prepare accordingly, instead of curling up into a ball and hiding in a safe corner like the "leadership" of the Western world in total withdrawal from reality.
The other governments say "stockpile precious metals to protect us from hyperinflation."
The West says "Print more money. Goo gah gah gah think of a happy place."
Our leaders are failed people. They are not only personal failures, they have failed everyone else around them who has put their trust in them. A good man would at least resign his position but that's just another thing they fail to demonstrate any leadership in. If I were Julia Gillard or Barack Obama I would at least recognize that I stink at my job and it is time to hand the reins over to somebody else. If I were Mitt Romney I wouldn't even bother to run at all.