Nancy didn’t think this was of any import...
Why Did Russia Just Halt Domestic Gold Purchases?
As the gold market continues to deal with global liquidity issues, and virus-lockdown-related disruptions between paper and physical pricing as extremely high physical demand creates shortages, Russia made a surprise announcement on Monday
Starting April 1, Russia will be suspending its domestic gold purchases:
“Since April 1, 2020, the Bank of Russia has suspended the purchase of gold in the domestic precious metals market.
Further decisions on the purchase of gold will be made depending on the development of the situation in the financial market...” Russia’s central bank said.
In recent years, as Kitco notes, the Russian central bank has dominated the gold market, consistently increasing its gold reserves every month for the last three years. According to data from the World Gold Council, the Russian central bank bought 158.1 tons last year. The WGC data shows that the central bank bought 8.1 tons of gold in January.
Although Russia will not be adding to its gold reserves in the near future, analysts are not expecting the central bank to start selling its gold anytime soon.
https://www.zerohedge.com/commodities/why-did-russia-just-halt-domestic-gold-purchases
Has anyone heard where Mike Bloomberg is hiding?
Wow,I forgot about this.
I’m so glad you reposted this.
Love James Woods!