Looks that way.
.
Posted on 07/20/2025 5:06:12 PM PDT by delta7
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?
————-
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
———-
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.
———
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.
.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.