Posted on 12/19/2014 10:05:33 AM PST by Strategy
Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.
No matter how strange it may seem, but right now, Putin is selling Russian oil and gas ONLY for physical gold.
How long will the West be able to buy oil and gas from Russia in exchange for physical gold?
And what will happen to the US petrodollar after the West runs out of physical gold to pay for Russian oil, gas and uranium, as well as to pay for Chinese goods?
(Excerpt) Read more at silverdoctors.com ...
No, oil for food......
The difference between the USA and Russia is that the Russian people are not panzies. They know hardship and deal with it leaving Putin to do what has to be done to defend himself. I’m not defending Russia over America, simply realizing that Putin will never, ever back down. In the end he will win because Russia’s finances are so much better than America’s.
Well, they could sell the oil for Platinum, Silver, Copper, Rare Earths, Land (like The Ukraine for starters), etc.
>> And what will happen to the US petrodollar after the West runs out of physical gold to pay for Russian oil, gas and uranium, as well as to pay for Chinese goods?
If I believed the premise, I’d probably be, like, wetting my pantaloonies or something.
But since the premise is BS, what will happen is I’ll just continue to LMAO.
By Andrew Critchlow, Commodities editor
6:00AM GMT 13 Nov 2014
Comments796 Comments
Russia has taken advantage of lower gold prices to pack the vaults of its central bank with bullion as it prepares for the possibility of a long, drawn-out economic war with the West.
The latest research from the World Gold Council reveals that the Kremlin snapped up 55 tonnes of the precious metal - far more than any other nation - in the three months to the end of September as prices began to weaken.
Vladimir Putin’s government is understood to be hoarding vast quantities of gold, having tripled stocks to around 1,150 tonnes in the last decade. These reserves could provide the Kremlin with vital firepower to try and offset the sharp declines in the rouble.
Russia’s currency has come under intense pressure since US and European sanctions and falling oil prices started to hurt the economy. Revenues from the sale of oil and gas account for about 45pc of the Russian government’s budget receipts.
The biggest buyers of gold after Russia are other countries from the Commonwealth of Independent States, led by Kazakhstan and Azerbaijan.
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This is funny. He will have to sell the gold to get items from outside of Russia. Also, should gold become scarce because he’s collected most of it, then his oil automatically goes up in price to oil elsewhere. Eventually, he’s left with a bunch of gold AND oil and a population unable to do anything with them.
Who writes this stuff?
5.56mm
>> Who writes this stuff?
Men who smoke massive quantities of dope out of precious-metal bongs?
Just a guess.
All the commie oil exporters are in trouble. OPEC has much less power now. Iran has increasing financial problems. Venezuela may default because of crashing crude income. Russia is running out of funds needed to attack Ukraine.
This has all the earmarks of a pending depression...
panic decision making
deflation
unemployment
inept American leadership
military tensions
The few Russians that I know have told me that their friends back home are very good at “hedging” the ruble by buying food, precious metals, etc. I suppose to that extent the people in villages are probably better of because they’ll have food and warmth (assuming a big wood pile) for themselves.
Russians are well-trained in these things going back to the Soviet days.
Then there is this from 20 hours ago;
Russia Has Begun Selling Its Gold, According To SocGen
http://www.zerohedge.com/news/2014-12-18/russia-has-begun-selling-its-gold-according-socgen
Which is true?
No normal news entity is covering that story, instead it’s sites like lunaticoutpost.com
Yours makes more sense.
Good doom. I need popcorn.
The Russian press denied this, this morning.
It might be possible that they are selling their gold and then using those funds to buy gold. Maybe I am overthinking. It would make sense though.
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