Want gold? Try Russia - Russia central bank suspends domestic gold purchases

[Zenaan Harkness]

In a most interesting turn of events:

  Why Did Russia Just Halt Domestic Gold Purchases?
  https://www.zerohedge.com/commodities/why-did-russia-just-halt-domestic-gold-purchases

      .. "Since April 1, 2020, the Bank of Russia has suspended the purchase of gold in the domestic precious metals market.

      .. This would have a manifold benefit by helping enable increased ownership of physical precious metals around the world, and potentially supporting the case for more de-dollarization.

      .. Given the huge physical premiums in precious metals (and a plunge in crude profits for the nation), it would make sense to enable producers to sell into global markets at a sizable profit

      What will [current Russian gold reserves of] $120 billion (at current prices) be worth when the dollar dies?



Interesting times...