Free Republic

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...

Russia's Central Bank purchased record amounts of gold in 2016, and plans to accelerate its purchases, retaining its spot as global leader in the growth of gold reserves. That's according to a recent survey by the GFMS analysts at Thomson Reuters. Russian economists explain the thought process behind the Bank's purchases. According to GFMS analysts, Russia's Central Bank purchased 201 tons of gold in 2016, more than the central bank of any other country. The Bank made its purchases over 11 consecutive months, with purchases accelerating to an average of 36 tons per month between October and November as gold...

With all eyes on Russia’s unveiling their latest nuclear intercontinental ballistic missile (ICBM), which NATO has dubbed the “SATAN” missile, as tensions with the U.S. increase, Moscow’s most potent “weapon” may be something drastically different. The rapidly evolving geopolitical “weapon” brandished by Russia is an ever increasing stockpile of gold, as well as Russia’s native currency, the ruble. Take a look at the symbol below, as it could soon come to change the entire hierarchy of the international order – potentially ushering in a complete international paradigm shift – and much sooner than you might think. The symbol is...

December 17, 2014 John Rubino To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn't an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local currency than about gold. But when currencies collapse, gold shines. Consider the above from the point of view of a typical Russian. The ruble is tanking (no need to understand why -- all fiat currencies go this way...