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

[Steven Schear]

Perhaps they sense a widespread manipulation leading to a crash on price us
afoot.

On Thu, Apr 2, 2020, 12:57 AM Zenaan Harkness <zen at freedbms.net> wrote:

> 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...
>
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