#GotGoldorRubles? Russia Just Broke the
Back of the West
Gold Goats 'N Guns,
by
Tom Luongo
Original Article
Posted By: Earlgrey,
3/30/2022 7:07:19 AM
I don’t think everyone has yet caught the significance of Russia announcing they are putting a floor under the price of gold. But, to be clear, Russia just broke the paper gold suppression scheme.
On Friday the Bank of Russia announced:
Breaking News: The Russian Central Bank will restart buying gold from banks and will pay a fixed price of 5,000 roubles per gram between March 28 and June 30.... For a few days previous to this announcement, which they knew was coming, The West was running around with multiple bits of legislation to try and keep the Russians from selling their gold.
Reply 1 - Posted by:
voxpopuli 3/30/2022 7:30:52 AM (No. 1114060)
I just sent this to a friend who I hope can explain it to me
11 people like this.
Reply 2 - Posted by:
Earlgrey 3/30/2022 7:31:14 AM (No. 1114061)
China's been buying gold for more than a year.
8 people like this.
Reply 3 - Posted by:
spacer 3/30/2022 7:43:04 AM (No. 1114067)
Lets see, a Russian dictator that just proved he is a violent sociopath is buying gold with his made up currency with a shelf life of his next slaughter of innocents. Now who is buying into that scenario?
5 people like this.
Reply 4 - Posted by:
Skinnydip 3/30/2022 8:04:16 AM (No. 1114075)
#1, let us know if your friend can explain it. My head is spinning.
13 people like this.
Reply 5 - Posted by:
velirotta 3/30/2022 8:27:10 AM (No. 1114104)
The Davos crowd and the American financial elite--who have NO respect for ordinary Americans like you and me--are just about to be "learned" by the Russians. It's gonna be a helluva bumpy road. The $10 I used to have for buying gasoline is only worth $5 now (isn't that 100 percent inflation?). What will it be worth a year from now, with all this maneuvering going on? Hell's a-coming, folks.
14 people like this.
Reply 6 - Posted by:
Granddanny 3/30/2022 8:27:56 AM (No. 1114105)
Boils down to Russia has oil (and wheat and fertilizer) the rest of the world needs. When their accounts get frozen they demand payment in gold or their currency. How long can the west burn Euros to keep warm? Longer than the Russians can go without dollars?
11 people like this.
Reply 7 - Posted by:
Mizz Fixxit 3/30/2022 8:43:07 AM (No. 1114121)
Is “Gold Goats 'N Guns” approved by Lucianne.com?
3 people like this.
Reply 8 - Posted by:
NYbob 3/30/2022 8:52:08 AM (No. 1114134)
Good. One more tick of the timer until we get to that moment where no amount of evening news can smooth things over. The USA truly led the world just 3 years ago. In spite of an absurd debt and spending problem. Then we blew all of that up because a few thousand greed heads want to rule billions of people. I hope we all feel incredible, intolerable pain this year and the year after. Each and every one of us. Pain we never thought could happen to us. Why such an awful wish? Because until we have no options, we will not to the unimaginable things we must do as a society to keep the American Experiment alive and that is to throw out the swamp. ALL of it. every corrupt member of the government, who must be punished for perverting their oath of office, Every member of every department who bit by bit creates a cancer that destroys any work or value we create. And then, if there is enough pain, we might unite long enough to seek out the internal and external enemies who wrote this disaster or who fed the greed and evil that got us to this point. It will either become a revolution unlike anything we have ever seen or all of us will experience Dark Ages II.
12 people like this.
Reply 9 - Posted by:
spacer 3/30/2022 8:59:55 AM (No. 1114142)
Yeah # 6 I don't have a medical degree but when a leader of one nation starts blowing up innocent civilians of another nation with bullets and bombs without provocation, other than what he thinks is provocation it doesn't look like a shrewd capitalist to me. It looks like a killer that is taking liberties with innocents because he can.
6 people like this.
Reply 10 - Posted by:
Alecto2 3/30/2022 9:09:23 AM (No. 1114158)
Vlad just did a reverse FDR. In 1933 the US was on the gold standard (every $ issued had to be backed by gold). The price was fixed at $20.67/troy oz. 1933 FDR "seized" the gold at the going rate, then fixed the price at $35/oz. and kept the difference devaluing the $.
One of the ploys of our US Neocons, in a checkers move, is trying to destroy the value of the ruble (and thereby confidence in Vlad's regime which they think will lead to his overthrow). Vlad, in a chess move, has put a floor under the value of the ruble domestically, linking to gold and providing confidence in the currency. Just looked at gold price: $61.87/gr or 5506.79 rubles.
That should bump up his approval rating from the recent 71% (eat your heart out Brandon). Compare that to our domestic fiat currency backed only by our full faith in the US sock puppets.
7 people like this.
Reply 11 - Posted by:
lakerman1 3/30/2022 9:11:25 AM (No. 1114162)
#11, what would you call Barack Obola and his Secretary of State, Lady Lucifer, who, after Kaddhafi gave up his bomb making materials to Oak Ridge Lab, went ahead, killed Khaddhafi and his family, then bragged about it.
"We came, we saw,we killed.." HILLARY
8 people like this.
Reply 12 - Posted by:
spacer 3/30/2022 9:37:26 AM (No. 1114194)
# 13, the same thing I called Kennedy's best and brightest that caused the Bay of Pigs disaster and dreamed up the Gulf of Tonkin scheme... democrats with sociopathic ideals. But I'm not a doctor so.....
8 people like this.
Reply 13 - Posted by:
BRDG 3/30/2022 10:02:20 AM (No. 1114234)
This is the most amazing article I've read THIS CENTURY.
May the Davos "inbred Eurotrash" rot in hell.
7 people like this.
Reply 14 - Posted by:
cor-vet 3/30/2022 11:14:36 AM (No. 1114336)
I'd hate to see what Putin would do if he wasn't scared to death of Big Bad Joe!
S/O
3 people like this.
Reply 15 - Posted by:
Birddog 3/30/2022 11:18:26 AM (No. 1114339)
short answer...Russia has Gold, Oil, Gas, fertilizer, ore, steel....needed commodities(the west does as well but refuses to drill/mine/produce them) China has all of the capacity to refine/manufacture/finish all of those commodities into actual end products(the west does(did) as well but refuses to do so)...all the west has is PAPER Money(they don't even actually make paper anymore)
Clean/Green has reduced the west to "Middle men", with made up value based upon trading paper instead of real/Tangible/physical products. If/When russia and China say..You NEED our stuff, we do not need your money, you have to pay us in GOLD or the money WE say instead of your own...the house of cards falls down.
7 people like this.
This is probably one of the best articles I have read about what’s going on behind the scenes of this war. The Thing (the war) is not really The Thing. It’s all about the bankers and the money. The US-Anglo-Euro alliance put on the sanctions and Putin called their bluff by demanding payment in rubles or gold for their oil and gas. Other than all-out war against Russia, the Elites -and by trickle-down- the rest of us, are in for some pain.
3 people like this.
Reply 17 - Posted by:
DVC 3/30/2022 11:53:07 AM (No. 1114396)
LOL! The headline is hilarious. The ruble is toilet paper, and they are DESPERATE to try to do anything to give it some value as it is in free fall.
When I first visited Russia in the early 2000s, the exchange rate was 23 rubles to a dollar...roughly four cents would buy a ruble. I just checked, and some sources are offering 84 rubles for a dollar, which is the best I have seen in years, more recently it was at 125 or so per dollar. Even at 84 cents, the ruble has lost two thirds of it's value, so anything that they buy from outside has tripled in cost, and they have to buy a LOT of stuff, since they have closed 90% or more of their factories.
Russians selling gold.....who cares? Frankly, if they do it, and the price drops a bit, that's fine with me. I've thought about buying some more of it. Everyone should have a small store of gold, but beyond about 1-2% is getting foolish, since it is a non-performing asset with extremely poor liquidity.
6 people like this.
Reply 18 - Posted by:
Howard Adams 3/30/2022 3:06:02 PM (No. 1114578)
Make this a "Must Read"!
1 person likes this.
Reply 19 - Posted by:
LC Chihuahua 3/30/2022 4:43:29 PM (No. 1114654)
Take a look at the debt clock.
Total US Debt is 89 TRILLION. That is federal, state, and local debt. Also personal, business, and other debt as well.
One should question why anyone in the world would use the dollar for anything. Agree with #10. We cannot go on like this.
1 person likes this.
Reply 20 - Posted by:
MickTurn 3/30/2022 6:17:36 PM (No. 1114724)
I've got 42.6 Tons of Rubles, send the Oil and I'll send you the Rubles...
1 person likes this.
Reply 21 - Posted by:
T&L 4/3/2022 5:08:32 PM (No. 1118427)
This article is gibberish. Russia has not fixed the value of anything. If I understand properly what this inexcusably opaque article actually says, Russia has announced that for a limited period they will buy gold and pay for it with Rubles (which they can print freely) at a level far below the current Ruble market price of gold. If instead, Russia had offered to SELL gold for Rubles at that price, then doing so would have strengthened the Ruble. But they didn't.
1 person likes this.
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