Will blocking (trying anyway) Russia from selling Gold make Gold prices rise, double?

[888theGreat]

Putin and Russia are not suffering like West is saying. That is why they are trying to block Russia from Gold sales. Russia is the second biggest Gold producer in the world. If you could completely stop Russia from trading in Gold , that would make price Gold take off. Putin can do with Gold what he did with oil. Lets face it Putin is running circles around Biden like he did with Obama. Trump played him even. By the way China is number one producer of Gold and they keep their gold in house. So you have top 2 producers of gold not putting new gold in market. Gold should hit $4000 an ounce soon.

yes I better get some now

No, because like oil , Russia will still sell it to other countries

[Snsl153]

Those nations that are not within the Western alliance system (which is about 80% of all the nations on earth) can still, and will, trade with each other. Sanctions imposed by North America, Western Europe, Japan and other smaller countries are not affecting Russia for the simple reason that Russia never really needed what those countries have to offer anyway.
Without the degeneracy of Western corporations like Disney, McDonalds, PornHub, Nike, and Twitter, Russia will thrive like never before, while those in the West will have to take out a bank loan just to fill up their car with petrol.

[Emily_925]

I guess it probably woukd

[888theGreat]

I said Putin would sell gold make up differences , and he did or was. This is why US now is aiming at his gold.

[Soteris]

Another example of the stupidity of the right wing. First of all, the sanctions on Russia is hitting it like a truck and last I heard (and that was long ago) the economy of Russia was expected to contract by 10% this year alone, not to mention its economic prospects in the future. Sure its not a case of falling apart anytime soon but any hope of Russia modernizing and expanding its economy within my lifetime is basically been eliminated... Thoroughly.

Why? I mean, they have managed to offload some of their exports in Asia to countries like China and India but you see.. The problem is not that they can't sell.. The problem is that they can't BUY. They can assemble as big of a mountain of wealth as they want but it is not helping them purchase any more of the very limited imports they actually require to maintain their industry.

People might be sad that they dont get their latest fashion delivered on time but it becomes more worrisome when you suddenly can't buy replacement parts for your western airplanes or modern electronics. This is further compounded by the fact that countries like China and India might be happy to buy Russias oil and resources but they are very much hesitant to actually sell their own supply of these products.

This problem has become so bad that the Russian central bank has lost control of their own currency and since they can sell but not buy they are suffering from the opposite of an inflation where the Ruble keeps going up in value which for anyone who knows how the economy works would tell you can be just as bad.

So yeah.. The sanctions in Russia works pretty damn well and has basically eliminated any chance they had of becoming a great power. The fact that you can't see this is a good indication that you dont know what you are talking about and that people should probably ignore you like a particularly smelly fart in a crowded hallway.

[888theGreat]

You heard wrong , Ruble is strongest currency in the world right now. It has all back fired. Putin is rock and rolling and having a party. Unemployment in Russia is 4% , which is really better than US fake numbers.

[888theGreat]

Russia grocery stores are full to the roof with food. Russians are getting fat off a retarded US President

[Soteris]

Yeah right. I also saw a few videos and pictures of Russian super markets at which point it became very obvious the prices had gone through the roof, there was not much left and that basic things like butter had become valuable enough to stick inside anti-theft boxes.

[888theGreat]

Dump the dollar and get rubles . China is buying Oil, Gold, Rubies, Copper, Nickel, from Russia and India is too. Because they laugh at baby Biden and make fun of him. They respected Trump.

[Soteris]

Ahaha! Good joke. First of all, a currency that the government has lost control over is not a good investment. I also do love your peoples reliance on the "strong man leader". Dude, you are living in a democracy. Your president does not mean shit.

[888theGreat]

You think US has control over the dollar? Why do you think we have inflation at 15% ? They have lost control.

[Soteris]

Yes and no. Its worth noting that USA benefits from high inflation because it eats into their national debt which is up at around 30 trillion with a total US debt of 91 trillion. Eating into that through inflation is hardly the worst thing in the world. Also the current rate of inflation is around 8% so its hardly a catastrophic increase.

[888theGreat]

50 Trillion and it is all over , I guess they will blame Trump for that too.

[Soteris]

Trump made sure to add liberally to the National Debt if that is what you are talking about. About 8 trillion by himself in 4 years or so if I am not mistaken.

[RolandCuthbert]

How the hell is Putin running circle around Biden when his military is sending body bags back to Moscow by the thousands? I have Russian friends unlike you. And they say the economy has fallen off a cliff. Understand things were already bad. That's why they paid so much to get your stooge Trump to lift sanctions against their regime.

It is one of the craziest things you post. By pretending trump was effective against Putin, when in fact Congress had to pass veto proof legislation to punish Russia over Trump's objections.

You nothing but a lying trump ass licking piece of trash.

[888theGreat]

he is going to defeat Ukraine with Biden in office and he took Crimea with Obama in office

[RolandCuthbert]

He wouldn't even be able to defeat Ukraine with his dick sucker trump in office. Ukrainians are no joke. They not cowards or liars like you. That's why they have whupped Putin's ass. They may not be able to retake Donbas. But I told all you freaks in this forum when Russia marched on Kiev, Putin will never defeat Ukraine. Even if he occupied it. They would fight him street to street, in alleys, on farms, it does not matter. I have spent months at a time in that country. Those folks ain't playing with your idiotic ass.

[888theGreat]

Russia is winning and will defeat Ukraine in two years. Quit watching "We kiss Biden's ass news" . the west is lying about war like lied about Covid and Trump.

[RolandCuthbert]

Russia ain't winning shit. They already had Donbass. And Ukraine will never give up. All we have to do is keep supplying them arms.

[888theGreat]

Their men are dying and not being replaced and Russia can keep using missiles and tanks. They can keep building. Trump kept him from invading. Just a fact you liberals can't lie about

[RolandCuthbert]

Russia has lost several times as many men and equipment as Ukraine. Stop smoking turds and find a proper news source.

Russia lost over 40,000 troops. The only thing that make Ukrainian losses comparable is the cowardly strikes that Putin makes upon the civilian population.

But none of this matters, live in your putin/trump dick sucking fantasy. And stay away from Ukrainians with that nonsense. Like I said, Ukrainians are not like you. They are no joke.

https://www.youtube.com/watch?v=IOmHTEO-ms8

[USLegionary]

Obama made oil/gas cheap by flooding the market which affected the Russian economy meaning less money spent on the Russian military during their moderation attempts.
Gold in itself is a worthless very common metal the more gold Russia sell and produce the less worth it has so countries depending on gold reserves will find their gold worthless.
Russia is suffering as it always has, still the same bread ques. They've set themselves in a war economy but eventually with sanctions and being outside the global economy will bite. China and india is happy to take their oil at a discount of course.

[888theGreat]

Nothing was cheap with Obama. Only got reelected because Republicans put someone up that was liberal too. There was also if you are white and don;t vote for him you are racist movement too. Economy was terrible with him. He also almost made Iran a Nuclear power. Like a fool.

[USLegionary]

I'm still pissed off he bailed the banks out

[888theGreat]

and corporations , let the small business pick them to pieces like vultures

[888theGreat]

Get gas down to $1.00 a gallon US and Russia would be wanting to end war

[jamesgoldman]

Briefly probably but double I can't see happening because it hurts industrial uses too much

The Russian gold will be sold to the big players* it'll just be remelted and cast before being fed into the legitimate market, just like happened with Brinks MAT, apartheid South Africa and the nazi hoards

* Big players would be India (wedding gold)
the aforementioned South Africa (miners could boost their output on paper to improve share prices)
the gulf states (demand via the souk)
Japan and maybe China (technology)
Switzerland and other tax havens (outpacing inflation)
Any criminal organisation (or bank) with deep enough pockets to buy some and 'disappear' it off the record so those in the prior countries as well as the Mafia and drugs cartels, some will probably make its way to Hatton garden and similar trading areas

[Jessica405]

I guess the best thing to do is stop buying gold. It would help to keep the price down, although I know it is used a lot in electronics and other industries.

[BillyBalls]

If Russia can't sell on a normal exchange, it will sell on the black market.

[Likes2drive]

Gold is the standard so yeah