Russia Finance Ministry to start buying physical precious metals in 2025.
jmski52
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Interesting video.
https://youtu.be/KIb38pWyHG8Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.
I knew it would happen.
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Just another case of real money floating to the surface.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Seems like a play to stabilize the exchange rate for the ruble more than RU taking a shot at FIAT currency.
I double RU has the influence to promote Commodity Money.
The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.
Looks like another youtube conspiracy theory to me. RGDS!
When the price of oil falls below $60, I can assure you Russia will NOT be buying PM's, gold, or other commodities for speculation.
These purchases, to the extent they take place, are so that the oligarchs, who are frozen out of the SWIFT and Treasury Dollar systems, are able to have something liquid to sell around the globe. Putin and his enablers are not welcome in Western countries and more Yachts and real estate is seized weekly.
these gold purchases are not speculation. They are a move to real money.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Chris Markus on Arcadia is suggesting that Central Banks are starting to see silver, platinum and palladium more as strategic metals than as commodities.
I knew it would happen.
Right, for oligarchs who risk having their possessions and financial assets seized or frozen.
Right, for oligarchs who risk having their possessions and financial assets seized or frozen.
Like the central bankers who are hypocritically buying gold at a record pace while simultaneously devaluing their own currencies?
The main difference between the BRICS and the Western central bankers is the local propaganda coming from Wall Street and the legacy media which is owned by a select few oligarchs in the West.
The bankers are manipulating precious metals lower with naked shorts while devaluing currencies around the world in a race to the bottom - pumping huge amounts of bogus new money into inflated stock markets and expanding a debt burden that is certain to blow up - leaving bond investors and pension funds high & dry.
Nothing defines criminality better than what the central banks are doing.
I knew it would happen.
Dude PMs are at an all-time high, what in the world are you smoking? THKS!
hemp infused shredded dollars?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Central banks are ENDING QE and engaging in QT. Do you know how to read a balance sheet ?
None of that is true and you can't cite any data to prove it. You clearly lack basic financial and market knowledge and you don't even know who you are talking about when you talk about "bankers."
This isn't 1962. Nobody cares about the gold price at CBs.
What they do care about its the dwindling value of fiat currencies. It is reflected in their record gold purchases.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Living in a fantasy world?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Living in a fantasy world? Gold price is all the data one needs.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
None of that is true and you can't cite any data to prove it. You clearly lack basic financial and market knowledge and you don't even know who you are talking about when you talk about "bankers."
Bart Chilton admitted the manipulation tactics being used by the banks in an interview with Chris Markus before Chilton died a week later. JPM has paid millions in fines (as a cost of doing business) for market manipulation in silver. What other proof would you like?
Your ad hominin insults are laughable when it's you who doesn't even realize the extent of the propaganda that you've been spoon fed by your buddies in the criminal banking cartel.
Central banks are ENDING QE and engaging in QT. Do you know how to read a balance sheet ?
The CBs have been pumping liquidity into the bond market now, long before they announced the rate cut. Why read their balance sheet? They keep two sets of books, and even you don't get to know what the central banks are doing behind your back.
This isn't 1962. Nobody cares about the gold price at CBs.
Why are the CBs buying gold at record levels now, if "nobody cares about the gold price at CBs"? Get a grip. You can't even see what's right in front of your own face.
I knew it would happen.
Central banks are ENDING QE and engaging in QT. Do you know how to read a balance sheet ?
lowering rates not only leads to more QE, it in itself is QE.
This isn't 1962. Nobody cares about the gold price at CBs.
They're buying activity reveals they obviously don't care about the current price of gold as they are willing to pay record highs. What this indicates is that they do deeply care about the future price (value) of their domestic currency. Currency protection is why CBs buy gold. It is why I have been stacking gold. It is why everyone should buy some gold.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You should have said there isn't any evidence that the price has been successfully suppressed. That's what this claim is really getting at. If it's suppressed by a few cents or a few dollars, it's irrelevant financially.
I've addressed this baseless inference numerous times. The reality is those who believe it are irrelevant as marginal buyers of last resort because that's how markets work. No one is or has been preventing anyone who wants to buy the physical metal from buying it. Given the unstated sentiments of this claim, there shouldn't be a single ounce of the physical metal available to be bought in the secondary market, not now or since this claim has supposedly been true. That's how markets work with successful price controls which is what's actually being claimed. Those who don't believe it get the same price as they do too.
Yes, own some of both.
It's also an absurdity to claim gold has been successfully suppressed considering that it's historically overpriced versus so many things and the price increase since 1971.
I'll repeat what I've said before. The primary purpose of a store of value (gold) isn't to acquire other stores of value (silver, fiat currency, or those crypto "coins" which are actually nothing but worth something), but the actual goods and services people need and want. The implied sentiments I've read have been all over the place but there is no basis to believe that it should require far fewer ounces of gold to buy homes, cars, a barrel of oil or a gallon of gas, or whatever. US housing is in the biggest bubble ever, yet gold is still not relatively cheap at least for the median priced home.
You are aware that there are some leaders in some countries on this planet who won't sell their country out like the western globalists for personal profit at the expense of everyone else?
The believable reason for Russia's CB buying gold is because they have no other options for their FX reserves. Now of course, under your sentiments, they can and presumably should unconditionally surrender in order to possibly regain access to their reserves at western CBs, but that would be both treasonous and idiotic since they can't satisfy them (in and out of government) running US foreign policy short of permanent voluntary subservience to the Empire.
Read the Wolfowitz Doctrine and once you've done that, Zbigniew Brzeizinski's "proposal" to break up Russia. Yes, I've heard he never actually meant it and the Neocon's didn't and don't either. I'm thinking they did and do.