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Posted on 07/20/2025 5:06:12 PM PDT by delta7
Russia’s new gold exchange severs London ties, challenging Western price control and signaling a seismic power shift in the global precious metals and financial order.
In a transformative move shaking the bedrock of the international precious metals market, Russia is preparing to launch its own gold trading platform, decisively severing ties with the London Stock Exchange and the London Bullion Market Association (LBMA). This bold initiative signals not only a dramatic assertion of financial sovereignty, but a direct challenge to three centuries of Western dominance over global gold pricing.
London: The Historical Epicenter of Gold Power
To grasp the gravity of Russia’s gambit, one must understand London’s entrenched role in shaping the gold market. The City of London—an autonomous enclave with special privileges—has long stood at the crossroads of world finance. Guided by historic banking dynasties and a network of influential institutions, this hub has regulated the gold trade, set benchmark prices, and wielded immense leverage over global capital flows.
For over 300 years, the London Gold Fix, along with its successor mechanisms, has determined not only gold’s daily value but also its perception as a global reserve asset. Critics allege that these systems enable substantial manipulation, with “paper gold” contracts vastly outnumbering physical bullion in circulation. Such dynamics have allowed the West—primarily London and New York—to exercise outsized influence over both the gold price and, by extension, the economic fortunes of nations reliant on gold reserves.
Russia’s Strategic Breakaway
The Russian government’s move to create an independent exchange comes as both a practical and symbolic statement. In the current geopolitical climate—amid ongoing sanctions and economic pressures—Moscow sees an imperative to establish a self-determined system free from external interference. This exchange will operate entirely outside Western structures, using alternative benchmarks and potentially denominating gold contracts in rubles or neutral currencies.
Market analysts suggest this effort is more than mere self-preservation. It represents a clear effort to realign gold’s value with tangible supply and demand—not derivatives, swaps, or unallocated promises. By prioritizing physical delivery and transparency, the Russian platform could expose discrepancies in the West’s “paper gold” markets, where physical metal backs only a fraction of outstanding claims.
Implications: Ripple Effects Through the Global Financial System
Should the Russian gold exchange gain traction and attract foreign participation—especially from China, India, and Middle Eastern nations—the world could witness a rapid evolution in gold-based trade. Potential outcomes include:
Dismantling Paper Gold Mechanisms: By favoring physical settlement, Russia’s platform could reveal vulnerabilities in Western gold pricing and encourage similar systems elsewhere. Erosion of the Petrodollar System: As nations seek monetary alternatives, physical gold trade could weaken the dollar-dominated financial order, chipping away at its global monopoly.
Shift in Reserve Strategies: Sovereign wealth funds and central banks, particularly in the Global East and South, may increase allocations to physical gold acquired outside London or New York. Diminished City of London Influence: The City may lose its privileged role as gold’s universal pricing authority, realigning power toward emerging markets and new financial coalitions. Conclusion: A Global Watershed
Russia’s impending launch of a gold trading platform is more than a market adjustment; it is a step toward restructuring the postwar architecture of monetary power. As gold breaks free from London’s grasp, it raises vital questions about the future:
Will other nations follow Russia’s path? How will global value measurement and financial alliances evolve? One thing is clear—the ground underneath the world’s oldest monetary metal is shifting, and the consequences for the global order could be profound.
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Russia and China’s Gold exchanges will now control pricing through physical holdings- as should be.
Smart.
So, the price is going to go up or down?
.
So much for sanctions.
Putin is far more calculating and considered than that.
Yes.
How does one go about buying Russian Gold?
“Russia and China’s Gold exchanges will now control pricing through physical holdings- as should be”
Anything in Russia has to pay the LENGENDARY big guy his 10%.
“using alternative benchmarks and potentially denominating gold contracts in rubles”
ROTFLMAO
So, the price is going to go up or down?
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The price will be set by market physical demand. Do realize ALL the world’s Central Banks have been buying historic amounts of Gold for at least two years plus..
That said, the industry experts all state $3300/3500 is now the new floor- the base. The question must be asked, will the world’s largest money in the world ( Central Banks), allow it to decline? ….as all the world’s currencies are declining sharply, I expect the price to rise as they further fall…which history shows.
“Putin is far more calculating and considered than that.”
Putin calculated he could take Ukraine in two weeks. Zelensky outsmarted him.
“Do realize ALL the world’s Central Banks have been buying historic amounts of Gold for at least two years plus..”
Russia has sold all their gold to pay for Putin’s two-week week war.
“That said, the industry experts all state $3300/3500 is now the new floor- the base. “
About half what you said in 2014 it would be in 2015.
One of the reasons for the spike in gold prices over the last couple of years. Lack of supply.
Physical holdings are one thing. Physical exchange is quite another. As soon as the cost of the latter is encountered, paper contracts will begin to creep back in and they'll be right where we are now, only creepier.
IATG
As soon as the cost of the latter is encountered, paper contracts will begin to creep back in
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A big negative on that. The Shanghai Gold Exchange prohibits PAPER Gold. They already have surpassed the corrupted US Comex in Gold trading worldwide, as huge paper Gold contracts were used to control the Gold prices ( and Silver).
Also of HUGE importance, they are opening numerous Gold depositories WORLDWIDE, Singapore and Saudi Arabia for a start… as we speak. The great western Gold manipulation is ending, the world has had enough of their price fixing….not good for Comex and the LBMA.
The world’s Wealth is moving from the West to the East….prepare and Prosper!
Physical holdings are one thing.
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The world is still waiting for Trump’s audit of our Gold Reserves.It is now a matter of extreme national security….I do believe “ the Emperor has no clothes”, as witnessed by the dumping of US debt instruments worldwide for Gold.
Looks that way.
.
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