[Caipirabob]

Lipstick on a pig at this point. Can you imagine trusting in Russian gold reserves?heck, their on people would sell the bullion on the black market and the day those reserves were drawn upon there’d be nothing left but an empty vault.

THAT is how Russia works.

[skimbell]

Do you believe that there is anything in Fort Knox?

[BiglyCommentary]

“heck, their on people would sell the bullion on the black market and the day those reserves were drawn upon there’d be nothing left but an empty vault. “

BINGO!! READ THIS!!

“The potential for foul play became a bit more likely in June, when Russian President Vladimir Putin signed a law easing foreign exchange controls for gold exporters. The loosened regulations mean that sales of precious metals are now exempted from the requirement to credit the proceeds to Russian accounts. The cash can now be kept in Western banks.

As we understand it, this means gold could be mined in Russia and sold in London—with the earnings kept in euros in a Swiss bank account (for example).

Anyway, next time you’re at a cocktail party and someone mentions how Russia is scooping up all the world’s gold, for freedom, you can be that annoying person and say: “Well, actually…”

https://edwardslavsquat.substack.com/p/why-is-russia-sending-planes-full?s=r