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This can't help but be good for gold.

topstuftopstuf Posts: 14,803 ✭✭✭✭✭
in Precious Metals

https://www.kitco.com/news/2019-08-22/Russia-s-President-Putin-Cancels-VAT-on-Gold-and-Other-Precious-Metals-Investments.html

" Russian President Vladimir Putin signed a law eliminating the value-added tax (VAT) on investments in gold and other precious metals."
...........................The article goes on to say that ..physical...gold isn't mentioned........................
..........yet. ;)

and
https://www.kitco.com/news/2019-08-21/Russia-s-Gold-Buying-Spree-Not-Letting-Up-Central-Bank-Buys-Another-300K-Ounces-in-July.html

"During the last decade, Russia's gold reserves have gone from 2% to 19% as of the end of 2018 Q4, according to the World Gold Council's (WGC) data."

Silly Russians.

Comments

  • MsMorrisineMsMorrisine Posts: 33,077 ✭✭✭✭✭

    yet demand is less than supply.

    perhaps the miners should pull a DeBeers and stash a bunch of gold away off the market.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @MsMorrisine said:
    yet demand is less than supply.

    perhaps the miners should pull a DeBeers and stash a bunch of gold away off the market.

    Shhhhhh..... Diamonds are very precious and rare!
    Pay no attention to those subterranean halls with hundreds of drawers FULL of them. :D

  • SoldiSoldi Posts: 2,177 ✭✭✭✭✭

    This is all going to end, "badly"

  • blitzdudeblitzdude Posts: 5,894 ✭✭✭✭✭

    badly or bigly? lol

    The whole worlds off its rocker, buy Gold™.

  • cohodkcohodk Posts: 19,123 ✭✭✭✭✭

    @blitzdude said:
    badly or bigly? lol

    Like never been done before.
    Tremendous.
    No one has even done this.
    Beautiful.
    They said it couldnt be done, the doubters, the haters.
    The chosen one.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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