[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Who Is Bill Gates? (Full Documentary, 2020)

Here Is What Republican Voters Really Believe in. It's a Shame the GOP Has No Idea

guTTing america ... going back --- on Track

“The ElecTion is Over”... Trump HaTer Cindy McCain Trashes Arizona ElecTion AudiT ---“Ludicrous” (VIDEO)

DissidenT Episcopalians awarded $100 million worTh of property ... as U.S. Supreme CourT --- declines To Take up Fort WorTh case

Joe Biden needs to stop lying about the cause of the border crisis and start fixing it

George W. Bush says ... The Republican ParTy has a shoT aT fuTure elecTions if iT curbs --- iTs 'whiTe Anglo-Saxon ProTesTanTism' ( heriTage )

BREAKING EXCLUSIVE - TGP’s Jordan Conradson InTerviews AZ AudiT DirecTor Ken BenneTT — HUGE DEVELOPMENTS ... Including Plans To Triple OuTpuT --- QuesTions on Number of FraudulenT BalloTs (VIDEO)

Can Democrats Avoid a Wipeout in 2022?

Biden declares war on America -- literally

Former Trump assisTanT says ... 'freighT Train' of elecTion resulT audiTs coming --- 'The MAGA movemenT is demanding answers'

Tim Scott's 2024 Star Rises After Biden Rebuttal

“We Will Find MisTakes – IrregulariTies ... We Probably Are Going To Find OuTright Fraud” --- AZ GOP Chair Dr. Kelli Ward Give - UpdaTe on HisToric AudiT (VIDEO)

Australia security official warns nations are ‘beating drums’ of war amid Asia-Pacific tensions

Former Obama White House advisor Seth Andrew arrested, accused of stealing from charter school he founded

This is fo sucking funny ... Joe has no clue --- The dumbocrap leaders are in a hearT aTTack panic!!.

The voter suppression lie

War Room ... Rachel Maddow Is Worried abouT whaT AZ ElecTion AudiT will Find — She Knows Georgia Is NexT

Conspiracy Queen Rachel Maddow ... Panics Over --- ‘Dangerous’ Arizona Vote AudiT

‘True To iTs docTrine’ ... ConservaTives plan for a new church afTer UniTed MeThodism spliTs --- over homosexualiTy debaTe

Michael Eric Dyson - WhiTe People Can Help BLM ...by Holding RacisT RelaTives --- ‘To AccounT’ aT Thanksgiving

Derek Chauvin ... The GreaT --- WhiTe DefendanT

New Mexico state trooper executed by Mexican cartel member… Horrific Video

John Kerry in Earth Day wonderland

Democrats Are Cheaters

Derek Chauvin's FaTe ... Is Now in The Hands --- of The Jury

Fools' overture

Democrats Are Terrified of Georgia

Climate Media vs. Climate Science

Why We Black Leaders Support Voter ID Laws

Pelosi: ‘No Plans' to Bring a Court-Packing Bill to the House Floor – at This Time

B-1 Bombers Are Deploying To Norway For The First Time With An Eye On Nearby Russia And The Arctic

High School Coach Fired After Refusing To Enforce “Insane” Outdoor Masks During Sports

CNN Says Chinese-Style Fonts Are Racist

Gran Torino Denounced for Anti-Asian Racism

'It Is Still Not Safe To Go Outside,' Says Fauci's Head In A Jar In Year 2739

Biden Re-Ignites the Waco Fire

Over 500 White People Have Been Killed By Cops Since 2020. There Has Been No Rioting Over Those Deaths.

Buttigieg on Exaggerated Infrastructure Jobs Estimate: ‘I Should Have Been More Precise’

Videos - ChrisTians Tear Down MeTal Fences ... Denounce The Closure Of GraceLife Church --- Due To A COVID-19 ResTricTions

Pete BuTTigieg ... To evangelical vaccine hold-ouTs --- Maybe iT's parT of God's plan

TINHORN FLATS ... The Symbol of Modern Day America --- AgainsT Tyranny

This Trial is a ToTal sham ... The enTire power of The sTaTe - media - lefT-wing shock Troops - counTry's finesT legal TalenT ... is being deployed againsT Derek Chauvin.

A few billionaires currenTly have The power To decide ... ThaT some Americans’ speech righTs are more sacred Than oThers --- Clarence Thomas offers a remedy.

Biden Defense Secretary Orders Several “Immediate Actions” to Weed Out ‘Extremism’ in the Ranks

Target selling book that includes prayer to 'hate white people' in 'Religion' section

America is losing its religion — and the effects will be long-lasting

Conservative Grassroots Begin to Take Back Wisconsin

Ron DeSantis Is What the Post-Trump GOP Should Look Like

White House pushes back on conservative argument over Georgia, Colorado voting laws amid MLB dispute


Status: Not Logged In; Sign In

Business
See other Business Articles

Title: Gold Bugs: Why Russia is Stacking Bullion Bricks Like There's No Tomorrow
Source: RT
URL Source: https://sputniknews.com/russia/2017 ... ssian-gold-purchases-analysis/
Published: Apr 1, 2017
Author: RT
Post Date: 2017-04-01 15:48:07 by A Pole
Keywords: gold, currency, dollar
Views: 889
Comments: 10

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 prices fell.

The analysts expect Russia to continue buying large volumes of gold in 2017, predicting about 200 tons in purchases, regardless of fluctuations in gold prices, oil prices and even exchange rates. For comparison, the report estimates the total purchases of gold by other Central Banks to amount to roughly 250 tons for the year.

Commenting on the Central Bank's moves, economist Valentin Katasonov, professor of the faculty of international finance at the Moscow State Institute of International Relations, told Russia's Svobodnaya Pressa online newspaper that the Bank is making the right move.

"The Bank is doing the right thing. Specialists know that the today the price of the precious metal is undervalued, and significantly so. Therefore, investors looking for long-term results are investing in gold," Katasonov said.

"Of course, from the perspective of the short-term investor, such an investment means possible losses. The gold market includes very large speculators, who periodically reduce prices artificially for some period of time, making it possible for interested investors to buy gold at a lower price. But this market also has its own written and unwritten rules."

Katasonov reiterated that as far as Russia is concerned, the Central Bank's decision to stock up on gold is almost exclusively beneficial. "Among other things, it allows us to support the domestic gold mining industry, which in the 1990s and the early 2000s faced a very difficult situation. And what is especially insulting is that most of its output at the time went abroad."

Of course, the economist stressed that the introduction of a Russian gold-based currency would be even better, although there are essentially no countries remaining in the world today where paper money can be exchanged for the precious metal.

"There is an even more important purpose for gold – that of strategic reserve," the economist noted. "Factually, this is 'emergency' currency which can be used in the event of a collapse of the so-called reserve currencies, including the US dollar, or in the case of a collapse of the global financial system into a series of currency blocs – allowing for trade to occur between these blocs."

Katasonov emphasized that the world has already witnessed the latter kind of collapse – when in the 1930s the global financial system was split into several currency blocs. At the time, gold was seen as a universal means of payment, which made it highly sought-after.

"Therefore, I think that gold –as a strategic reserve – should be in the hands of the state, that is, in the hands of the Ministry of Finance. The Russian Central Bank is not an appropriate institution for this, in my opinion." The crux of the problem, according to the economist, is that the Central Bank "is not entirely [accountable] to the President or the Russian government, and is capable of making decisions which run counter to the interests of the Russian Federation, including as far as gold is concerned."

For his part, Nikita Maslennikov, an expert at the Institute of Contemporary Development, stressed that the Central Bank monitors market condition, and appropriately makes purchases during downswings. In any case, gold is a highly liquid asset.

Click for Full Text!

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: A Pole (#0)

Sounds Russia is trying to manipulate the price of gold by hoarding it to drive down the price of it. Most banks have to have at least 10% of gold reserves in their reserves to prevent from becoming insolvent.

goldilucky  posted on  2017-04-01   16:06:28 ET  Reply   Trace   Private Reply  


#2. To: goldilucky (#1)

Excuse me. Buying something does not bring price down.

Am I missing something?

A Pole  posted on  2017-04-01   16:31:54 ET  Reply   Trace   Private Reply  


#3. To: A Pole (#0)

Vlad must be watching the Ron Paul Liberty Report.


The D&R terrorists hate us because we're free, to vote second party

"We (government) need to do a lot less, a lot sooner" ~Ron Paul

Hondo68  posted on  2017-04-01   16:38:32 ET  (1 image) Reply   Trace   Private Reply  


#4. To: A Pole (#2) (Edited)

No you are correct, I meant driving the price of gold up. That is what creates the scarcity by false means. What concerns me about this is that it will cause a domino correction on the banking industry worldwide.

goldilucky  posted on  2017-04-01   16:46:50 ET  Reply   Trace   Private Reply  


#5. To: hondo68 (#3) (Edited)

Vlad must be watching the Ron Paul Liberty Report.

A Vova rulit - And Vlad rules:

A Pole  posted on  2017-04-01   17:42:57 ET  Reply   Trace   Private Reply  


#6. To: goldilucky (#1)

There is not enough gold above ground in the world to satisfy the amount of "paper gold" held in the bank vaults. In short, gold is under priced. WHEN this house of cards collapses, the US will be left in the dust as we likely have zero bullion in storage.

Exercising rights is only radical to two people, Tyrants and Slaves. Which are YOU? Our ignorance has driven us into slavery and we do not recognize it.

jeremiad  posted on  2017-04-02   14:55:21 ET  Reply   Trace   Private Reply  


#7. To: jeremiad (#6)

" There is not enough gold above ground in the world to satisfy the amount of "paper gold" held in the bank vaults. In short, gold is under priced. WHEN this house of cards collapses, the US will be left in the dust as we likely have zero bullion in storage. "

Most likely an accurate assessment.

Si vis pacem, para bellum

Rebellion to tyrants is obedience to God.

There can be no divided allegiance here. Any man who says he is an American, but something else also, isn't an American at all. We have room for but one flag, the American flag... We have room for but one language here, and that is the English language... and we have room for but one sole loyalty and that is a loyalty to the American people."Theodore Roosevelt-1907.

I am concerned for the security of our great nation; not so much because of any threat from without, but because of the insidious forces working from within." -- General Douglas MacArthur

Stoner  posted on  2017-04-03   7:47:08 ET  Reply   Trace   Private Reply  


#8. To: Stoner (#7)

I am sure we have receipts for a lot of Gold though....lol

Exercising rights is only radical to two people, Tyrants and Slaves. Which are YOU? Our ignorance has driven us into slavery and we do not recognize it.

jeremiad  posted on  2017-04-03   23:51:31 ET  Reply   Trace   Private Reply  


#9. To: jeremiad (#8)

" I am sure we have receipts for a lot of Gold though....lol "

Receipts = Paper = Nothing

Si vis pacem, para bellum

Rebellion to tyrants is obedience to God.

There can be no divided allegiance here. Any man who says he is an American, but something else also, isn't an American at all. We have room for but one flag, the American flag... We have room for but one language here, and that is the English language... and we have room for but one sole loyalty and that is a loyalty to the American people."Theodore Roosevelt-1907.

I am concerned for the security of our great nation; not so much because of any threat from without, but because of the insidious forces working from within." -- General Douglas MacArthur

Stoner  posted on  2017-04-04   8:38:10 ET  Reply   Trace   Private Reply  


#10. To: Stoner (#9)

Precisely, paper = nothing

Exercising rights is only radical to two people, Tyrants and Slaves. Which are YOU? Our ignorance has driven us into slavery and we do not recognize it.

jeremiad  posted on  2017-04-05   21:47:10 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com