This page has been archived and commenting is disabled.
Will Putin's Next Step Be To Sell Gold?
"Russia is at a critical juncture and given the sanctions placed upon them and the rapid decline in oil prices, they may be forced to dip into their gold reserves, if it happens it will push gold lower." That is what, according to some people Bloomberg has quoted, is in the cards.
Russia’s surprise interest-rate increase failed to stop the plummeting ruble. Another tool available to repair economic havoc caused by sanctions and falling oil prices: selling gold.
Russia holds about 1,169.5 metric tons of the precious metal, the central bank said last month. That’s about 10 percent of its foreign reserves, according to the London-based World Gold Council. The country added 150 tons this year through Nov. 18, central bank Governor Elvira Nabiullina told lawmakers. The Bank of Russia declined to comment on its gold reserves.
Russia’s cash pile has dropped to a five-year low as its central bank spent more than $80 billion trying to slow the ruble’s retreat. The currency’s collapse combined with more than a 40 percent tumble in oil prices this year is robbing Russia of the hard currency it needs in the face of sanctions imposed after President Vladimir Putin’s annexation of Crimea. A fall in gold prices signals that traders are betting that the country will tap its reserves, according to Kevin Mahn, who oversees $150 million at Parsippany, New Jersey-based Hennion & Walsh Asset Management.
“Russia is at a critical juncture and given the sanctions placed upon them and the rapid decline in oil prices, they may be forced to dip into their gold reserves,” Mahn said. “If it happens it will push gold lower.”
But others are less convinced.
“There are a number of ways that they could use their gold,” Robin Bhar, an analyst at Societe Generale SA in London, said today by phone. “They could use it as collateral for bank loans, or for loans from multi-lateral agencies. They could sell it directly in the market if they want to raise foreign-exchange” reserves, including to get more dollars, he said.
If Russia decides to sell, the figures to confirm the move wouldn’t be available for a few months, Bhar said.
Selling gold is usually “one of the last weapons” for central banks because some use the metal to help back their currencies, George Gero, a precious-metal strategist at RBC Capital Markets in New York, said in a telephone interview. “They are probably still accumulating gold and keeping it for a bigger crisis,” he said.
While some suggest the accumulation was "tradition" it is still nonetheless an impressive aggregation of the barbarous relic:
So given the efforts to build this gold-backing for their nation's currency, do we really expect Putin to now dump his physical: or perhaps more strategically suggest a true gold-backed currency and jawbone the currency that way?
»
- 47227 reads
- Printer-friendly version
- Send to friend
- advertisements -
Anti-gold bankster brigade is conjuring up rational decisions going forward? lmao Just about anything hitting Russia would mean selling gold to that crowd.
Just sell your paper gold. Bankers like that kind the best anyway. Or loan it out for dollars--but keep posession of it. Thats what the Fed does. Use some good old fashioned rehypothication!
Dear Mr. PUTIN,
Please dump your ust's next time we make you curse.
It's not the bomb -- but its a step in the right direction.
Putin Sellin GOLD???
YEAH??? Waz It Janet Yeltsin Sayin That ???
All Russia's gold will be bought by Mo Islam from Queens, cause that is how he rolls.
pods
==> OIL At USd -25. And PUTIN Would Sell The GOLD...
Dream On Bloombergs...
Putin's not for u-turns:
http://www.gold-eagle.com/article/grandmaster-putins-golden-trap
For being the ultimate bubble and worthless as dogshit, a lot of these evil fuckers spend all day thinking about gold and how to get their mitts on more.
We gambled some people.
Ok so Central Bank buying gold = gold goes lower.
Central Bank selling gold = gold goes lower.
Got it.
Russia should just link their currency to gold! Fuck selling.
Zero percent chance of Russia selling any physical gold. They would sell just about ANYTHING else first. For example two- year futures on oil if it has to be. They are buying any gold and any Russian Rubles that are for sale at bargain basement prices. With an intention of squeezing.
A lot depends on whether Ukraine defaults on the USD1.65billion gas debt installment by 2014-12-31 that EU/UA/RU agreed on. If Ukraine defaults on that then all hell break loose on energy.
The rest-of-world is turning away from the paper money / debt abyss.
You don't sell your gold when you are trying to stabilize your country - you move to sound money.
No turning back.
Total Bloomberg bullshit to push the price lower for their Jewish owner and Bankster masters along with protecting Berkshire's gold short positions. Putin has and will continue to buy gold. The dipshits who conceived that article should be writing phony rape articles for Rolling Stone because the only thing that might get sold quickly is the pieces of crap paper the US Treasury issued and Putin still holds in reserves along with third party corporate bonds which Russian banks hold via agencies in the Far East.
Bloomberg and the Federal Reserve have decided to publish every bullshit thing in the world to make it stick. What this really is consists of the Fed being pushed by the Emperor in DC to punish Putin because he reminds our Messiah of Darrell Wilson and the Russians must pay for being racists and not bowing down in worship of that piece of shit we have in charge now. I hope Putin does the opposite on Christmas Eve to assrape the banksters and announces a new gold/platinum/palladium/Brent/Yuan basket tied to the Ruble which causes gold to skyrocket and the USD to crash 10-15% overnight while we are all mentally masturbating as our wives and/or girlfriends give us head wearing red thigh highs and a miniskirt elf outfit.
What a pantload BBG has become.
Powerful imagery!
Yea, sell scarce gold, for some dollars arch enemy America can print. FUuck Bloomberg is stupid.
Put down the bong, Bloombergers ... put down the bong before you type.
russia could sell its gold for dollars and drive down the value of its dwindling gold reserves and increase the price of the dollar.
or it could sell its dollar (and euro) denominated financial assets, buy and exercise contracts to deliver gold (and silver, the cost is trivial in comparison and the failure to deliver more likely) thus raising western interest rates and dividend yields some while increasing the value of its growing gold (and silver) reserves, and reducing the price of the dollar (and euro), these latter perhaps by an appreciable amount.
This story is a BS from Bloomberg. If Bloomberg change its name from Bloomberg to Mohammad Islam, I might have believed this story.
Red thigh highs and a miniskirt elf outfit... sorry, I know there was some other point in your comment, would you mind repeating it?
Everything he said made sense to me until the part about the wife taking care of business.
Who is buying gold big???This is the best phzzzz gold can do??? 1900.$ high years ago.....after all the turmiol in oil,ruble,etc et. al lolololool
Bid/Ask 1197.30/1198.30 Low/High 1183.10 / 1203.80 Change +8.40 +0.71% 30daychg +10.10 +0.85%1yearchg -33.80 -2.75%
It's still intrinsically valuable. These metals are the one "constant" in a chaotic, and shifting of turbulent/volatile markets.
My bet is Putin is already selling some gold. To China. China is not going to sell that gold on unless there is a naval blockade outside Shanghai again.
....AND, Russia and China are trying to stop the USD as world reaserve currency.
The only way for that is to offer a better (gold backed) currency, which you don't get by selling your gold.
They have been BUYING tons, more every year.
"
Will Putin's Next Step Be To Sell Gold?"
Why sell something real like gold when you can sell something fake like treasuries?
The funniest part of the article is that Russia only has 1,169.5 tonnes of gold... Let's wait for the other shoe to drop, which IMO will be Russia / China announcing a gold-backed currency standard... The west is forcing the issue and the backlash won't be pretty... But of course the numpties in wall street will call it a reason to sell...
a worthwhile 30 minutes...
Jim Willie Bombshell: China & Russia Have Accumulated Over 40,000 Tons of Gold Reserves
Video: (June 5, 2014)
https://www.youtube.com/watch?v=Kq33kxUMF_o
Have you been on the moon the last three years? How much more lies and sensationalism must Jim Willie present until you will recognize what he is?
Russia and China economic lies are making the dollar look even better.
How does that koolaid taste Booger?
Perfect analysis from Dr. Paul Craig Roberts about this whole theater show
https://www.youtube.com/watch?v=SRrNs4mlHMA
Again....
Paul Craig Roberts Greg Hunter USA Watchdog
https://www.youtube.com/watch?v=SRrNs4mlHMA
As a matter of fact, I just got done listening to PCR's interview ;)
The Hokus-Pokus Illusion of the almighty Usd$ is soon over for the whole world to see.
Only the american sheeple & ignorant european masses still believe in it.
Lovely to watch the demise of American Empire's shit-wiping petrodollar.
It's Game Over.
Merry Xmas ;)
Done it before reading your post. See Below... Cheers
Thanks for the link.
Great video, and a refreshing departure from the "sound bite" approach that has infected so many interviews these days. Haven't been to Dr. Robert's site in a while, and he came across as more circumspect in this interview than I would have expected from posts I've read in the past.
Interesting comment re Russian neoliberals and ties into comments made by Mikhail Khazin re the Russian CB. I'm sure someone else has posted a link to it in an article or comment on ZH, but the original Saker's post (linked to within the attached post) is worth the time. http://www.jessescrossroadscafe.blogspot.com/2014/12/comments-on-gold-from-russian-economist.html
Sounds like a job for the vultures over at the IMF.
Definitely a smart move, at least in my logical mind.
hehehehe...........sure he's sellin' gold......LOL ......they wish he'd sell it
It's all perfectly logical, once you realise that -- as that twat Buiter told us the other day -- gold has been in an unsustainable bubble since before the Pyramids were built.
I wonder what his fiat bonus will be this year . . .
ours is not to wonder why
ours is just to buy and buy....
We gambled some folk...
Vlad says "...we closed some McDonald's restaurants."
Doesn't Israel still pay to ransom Jews out of Russia?
Hell'stheproblem?
He could also charge them Bankster-style "Monthly User Fees" for keeping their Russian passports.
And if misused*, close the Passport (account), and make them pay to have it re-activated. Oh the irony, the irony.
* Misuse can cover a wide range of 'misuses' that go against Russian interests. Final Arbitration is in Moscow courts, requiring a personal appearance, BTW.
Why does ZH have to come up with all the good ideas? Ah, ZH-crowdsourcing for ideas…
I doubt Russia will sell it's gold, but it might start the rumor to send prices lower so it can buy more gold. Then Russia and China can move to more nonUS$ trade, with their currencies pegged to some gold underpinning, as they attempt to become currencies of world trade.
My 2 ¢
Yeah because the first thing Russia will do after years of stockpiling gold will be to sell it... makes perfect sense if you have your head up your ass.
As Russia runs its currency reserves in the ground, Putin'll sell what he has to keep the oil clearinghouse that he calls a country afloat.
It'd be nice to scoop up some gold on the cheap, courtesy of our friend Vlad.
He may not be selling the Gold.
BUT
He could KICK ASS and go to the Gold Standard and be first in having the Strongest Currency on the Planet, I say a mere 20% ratio would do the trick.
THEN
The US would have to sell their Gold, but WAIT, what Gold? Oh thats right Paper Gold !
Then
Day 2 China moves to the Gold Standard.
Then
Day 3 the US instantly turns into a 3rd world Country asking for Aid.
Brother can you spare a dime, a silver one please.
When will you folks stop dreaming about China and/or Russia re-introducing a gold standard? Wake up: it ain't gonna happen! Governments (ANY government) loves to be in control, and how can you be any more in control (of the supply of money, i.e. the printing press) than with a fiat currency system?
The Chinese love to copy everything, so printing money is child's play for them. The Chinese were fucking BORN for a fiat currency system: lying, cheating, faking and manipulating things is in their DNA for Christ's sake! Have you guys ever left your parent's basement and taken a taxi to one of those malls full of fake fashion brands in China, like the Tao Bao market in Shanghai? Or walked down Nathan Rd in Kowloon (HK) and be hussled every 10 meters for fake Rolexes or fake Louis Vuiton Bags? "Sir!? Copy watch, copy bag?" "Sir?! Tailor, tailor?"
Again guys: IT AIN'T GONNA F*CKING HAPPEN! If Russia would unilaterally introduce a gold standard it will shoot itself (even more) in the foot and will be even more isolated as China will probably seize the opportunity to keep Russia weak so that China can expand it's influence in Central Asian countries like Kazakhstan (lot's of oil & gas there!) and Turkmenistan (dito).
The situation as it is right now is that the world is gridlocked into a fiat system, like it or not.
Says fucking you. Was it not before 1971 the US was obligated to the Bretton Woods until we fucked some folks and their grandkids to this day?
That shit your smoking is da'kine ya brah?
There is no beating the fiat king at his own game. That's the painfully obvious point to most of us here.
Of course it's not going to happen (at least with respect to Russia). But let these folks dream, will ya?
China's more credible as a potential gold standard adopter, but as others have mentioned, it'd either severely curtail the money printing or any gold standard wouldn't last long.
When it eventually becomes known the size of China's accumulation, it'll inspire awe. Will it culminate in a genuine gold standard? Time will tell.
Bokkenrijder
Because “The Gold Folks” suffers from the same phenomenon as the Neoliberal Thoughts!
In his book Never Let a Serious Crisis Go to Waste , Mirowski concludes that neoliberal thought has become so pervasive that any countervailing evidence serves only to further convince disciples of its ultimate truth.
Once neoliberalism became a Theory of Everything, providing a revolutionary account of self, knowledge, information, markets, and government, it could no longer be falsified by anything as trifling as data from the “real” economy. http://en.wikipedia.org/wiki/Philip_Mirowski#Career
“The intellect has a sharp eye for methods and tools, but is blind to ends and values. So it is no wonder that this fatal blindness is handed on from old to young and today involves a whole generation.” The Goal of Human Existence – Albert Einstein (1943)
Bokkenrijder
Excellent point.
opinions are like assholes - everyone has one and they all stink. yours much more so than others. be sure to wipe next time
Your comment says more about you than we would care to know.
“The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum....” -- Noam Chomsky, The Common Good
Will you gold bugs please take the time to learn about true American Monetary History, please, it's about who controls the nations "money" and the quantity of it. - FACT.
It is also about the difference between debt money and credit money, BIG difference. Yes I have a bit of AG and AU, but that's because of your unintended social and educational misguidance.
(It is not your fault, they are good at fooling the people with the words "sound money") - It is not supposed to be a religion. It is supposed to be a tool.
Money is not evil, the love of it is. Again, please learn the facts, then let your INFORMED opinion be known, thank you very much.
The Secret of Oz - Pass it on
Please educate the people, and yourself if you are unaware of these FACTS.
https://www.youtube.com/watch?v=oNyGn7F6tmg
Examples: Talley sticks worked for over 700 years, so did salt at one time.
The History of Central Banks - Part 1 (48 B.C. - 1791 A.D.) http://whispersfromtheedgeoftherainforest.blogspot.kr/2011/10/history-of...http://encyclopedia-of-money.blogspot.de/2011/10/salt-currency.html
http://whispersfromtheedgeoftherainforest.blogspot.com/2011/10/history-o...
The History of Central Bankers - Part 3: The Creation of the Federal Reserve (1865 - 1913)http://whispersfromtheedgeoftherainforest.blogspot.com/2011/10/history-o...
I totally agree with you bud. China and Russia do not want a gold standard even a fractional one. It would be completely stupid for them to do so when the whole world is on the greatest fiat ride in history. This is why they buy gold:
https://www.bullionstar.com/blog/koos-jansen/guest-post-russia-selling-o...
Wrong on day 3. We(USA) attack both Russia and China on Day 3. While also outlawing the trading or holding those currencies.
We have become contemptible and pathetic.
A sick part of me is rooting for Putin!
That sounds like "Financial Terrorism".
Great, DC sends "boots on the ground". Or is it drones?
p.s. Just when I thought the Russia scene was getting boring, Tyler prints this one. Oooh... talk of 20-40% gold-backed currency gives me goose bumps.
boots on the ground or more
fiat debt dollars in circulation ..
Us after you get done servicing Vlad, pick your head up and take a good lok around at the reality crashing in on your shithole wasteland
Russia is finished fuckhead and no amount of fantasy posts like yours can chage the reality of you getting your economy shoved up your ass sideways
Happy breadline motherfucker
Sadist nuke yourself
The only Russia's problem is simply that the Russian Central Bank is an "independent" Institute, which plays according to the game rules of the World Bank and the IMF - and Yes indirectly part of the FED system. And that's just the Russian problem! The "Russian" Central Bank is not Russian, but works with the "market" and not just for the interests of the Russian people. It is an instrument that is not in the public interest.
Because there is at all no real and dramatic reasons for the current decline of roubles, except speculation of the FED against Russia except the taste of falling oil prices. Point.
1.) Russia State budget, and no deficit as the United States has a profizitären, i.e. that Russia must make even no new debt economies to be able to! In the past period, the annual State budget of Russia had to present even a gain / profit of 2 billion USD. The United States have a negative annual deficit of around 500 billion USD! You realize what it actually is?
2.) Russia has one of the lowest public debt worldwide - so even a burden to have to pay something back! +++ A default / default threatening so at any time because there is just no risk without debt! +++ Noted that United States have more than 18 Trillion public debt, which even further every second grow - and nobody cares it? Once again the thinking: 18.000.000.000.000 USD debt! Everyone knows that they never repay their loans can or want to! Russia does not have these problems at all - it has just no debt!
3.) Russia has one of the world's largest gold - and Währungsreseven of the world with about 450-500 billion USD in equivalent.
4.) Russia has a prosperity Reserve Fund for the people, which includes many dozens billion USD and at any time for something can be used without having to go begging at any bank or any State!
5.) Russia had, has, and will have always an economic perspective - it has just 40% of all resources of our Earth! It has "something" back to be what in many countries such as Greece or Cyprus or anywhere else can ever not behautpen! You know that Russia for example the Nr. 1 in natural gas is, and the Nr.1/Nr.2 in the oil, etc. You can continue the list infinitely! These are all values and treasures that lay down very many other countries that are easy to print banknotes and exchanges-air classes, does not have. The current speculation against Russia is simply politically motivated and not on time - nothing more.
6) which is Russian stock market significantly oversold - all counters, all objective experts for months say that! According to the BigMac index the ruble should be somewhere 20 roubles / USD, if he would fairly valued! All objective factors! Massive bubbles speculation are anything! And what happens with bubbles — they burst at some point.
If any Apple company that sells air, is "worth", such as ~ 20 Russian corporations, who have 40 percent of the world's resources - then you know that something not at all on time can be! Just then! The whole system can collapse!
What's up now but, that is nothing more than a planned massive speculation against Russia with all available means - from approximately 27 NATO countries and the United States!
7) off the 1.01.2015 the Eurasian Union - with a lot of potential and the idea to solve completely the dollar starts. Russia, Belarus and Kazakhstan. 173 million people.
8) 2015, the so-called St.Petersburger energy exchange will be called. All arrangements run. Then the Russian oil and natural gas almost exclusively only in Russian rubles should be - acted and not in London (ICE exchange Brent crude oil) or New York (NYMEX stock exchange with WTI crude oil), but the Russian "Ural" in St.Petersburg. Thus the energy monopoly broke the United States/United Kingdom completely - and the ruble to the Petro rubles. Just before the United States/UK/FED fear extreme - she hold back to lose! And Furthermore, even, that it would be possible to be also Iranian oil in St. Petersburg (Russia). That would be the "Grande finale" for the United States/United Kingdom!
9.) whether of the dollars in rubles at the Exchange rises or falls, has little dramatic difference - for ordinary citizens if it is not permanently unstable! Namely: The Russian citizens living in Russia. The prices are in roubles. You pay in rubles. They buy in rubles, and they get their wages and pensions in rubles. Not in dollars or euros. In rubles!
+++ It makes just a pressure on the prices of goods & products that must be imported - goods & products that are produced in Russia, it plays hardly any role - or has even an opposite positive effect, because she is still competitive while prices for imported goods. Say the products domestically produced are then probably often be purchased because the price of this hardly is expected to rise. This is a clear advantage. But of course, a downside is the fact that a rate of 17% for short exposures, is amazing and is likely significantly hinder entrepreneurship in the growth, if he stays longer as high! So advantages and disadvantages - like that in life it is so!
+++ This means that the only problem in Russia and many other countries is simply that you play according to the rules of the American game. And this is the error! It is located just in the system!
+++ Nor is everything in the active planning and preparation. The time is ticking. And it is ticking not only for Russia. Ticking for the United States, UK, and the FED! So all of you not to early rejoice! Russia is a great country with a very brave people and great history, already very many crises and attacks - has mastered a tough nut to crack!
+++ Fact is also: either there is a revolution of the central banking system in Russia, or the FED is "fictitious" further driving up the ruble and ensures further 'bad' mood... Putin must decide! It's time!
Let me boil that down some my english is at least a second language friend.
1. Russia has a balanced budget. The US is in bad shape.
2. Russia has very little debt and is paying it off. The US has a lot of debt and it is growing. See #1.
3. Russia has a lot of gold. What is unsaid is that the US probably does not.
4. Russia has a rainy day account. The US has the Federal Reserve. See #1 and #2.
5. Russia has a more natural resources. The US has the Federal Reserve. See #1, #2, and #4.
6. Russia's stock market is relatively undervalued. The US stock markets are very overvalued.
7. Russia will start participating in a non-dollar alliance in the coming year. This will offer relief to oppression by dollar.
8. Russia will invoke Saint Peter to open the gates... Oil for rubles instead of dollars.
9. Russia's ruble will be fairly isolated from the affects of dollar manipulation. See #7 and #8.
### Domestic products will do okay but high interest rates will hinder the producers.
### The western system is rigged.
### This is a long game (chess, not checkers for you meme-ers). Russians are tough.
### So yeah, this one got me a bit turned around. Not sure of the point really but Putin is the man, maybe.
8. ... Oil for rubles instead of dollars. And that in a nutshell explains the path to the current Ukraine predicament and the efforts to oust Putin.
"So given the efforts to build this gold-backing for their nation's currency, do we really expect Putin to now dump his physical"
the guy in parsippany new jersey who manages 15 million dollars seems to think so ... i guess he got to know if 15 people trust him with managing their money ... give me a break
EDIT: i am really suprised the author did not quote Mo (mohamed islam for the newbies) ...he seems to be built as the next Peter Lynch...
If the guy lives in Parsippany then he can't be that bright. For NJ it is okay but the taxes and endless other police state shit plus the more and more "ethnic" nature of NJ makes it shittier by the day.
The police state is there to keep him safe.
yeah-like you I did not see anything about selling the remaining 100 billion of treasuries it holds.
It probably wasn't a prediction as much as a solicitation. We all know .gov floats trial balloons via outside parties.
'Give us the gold and we'll go away.... for a while.'
Russia can be the new Haven for Hot money around the world. Deposit money into bank, have it backed by Gold silver or Oil no reporting to US Government. The new Switzerland of Banking. Branch office in Havana.
No bombs, just varying depths of quicksand. The more you struggle, the better hold it takes.
To follow up on "Beam Me Up Scotty's" comments above...
There'd be poetic justice and symmetry if they simul-leased it to the Fed, BOE and BankOfIsrael. Priceless.
More lies from Bloomberg. If they are telling you that Russia is selling gold, this means that their billionaire buddies are short and need to cover.
Business Insider pulled their Russia sells gold story last week after some commenters proved the author (who precviously worked for the Blow Horn) made the story up.
Same bullshit here.
As noted above, I believe these kinds of pamphlets are really just unattributed threats from TPTB to Russia - hand over the gold and nobody gets hurt. Except for Ukrainians and Syrians and Libyans and Iraqis and...
New Bolshevik Bloomberg Ziopropaganda for the donkeys.
"And of all things on earth the Marxist hates the Kulak most"
page 17 Count Your Dead: They Are Alive Wyndham Lewis 1937
Bloomberg "news" follows the same truth algo as Goldman Sachs "news". Whenever they claim something, the precise opposite is true. But it works for muppets...
Don't think so...
Guest Post: Is Russia Selling Oil For Gold? https://www.bullionstar.com/blog/koos-jansen/guest-post-russia-selling-o...
thanks for the link, Jann, very interesting read.
Russia sells?
Price drops?
Bring it!
I stack it!
wwwLocutions.org
If Russia sells it won't matter how much you stack. Without a viable alternative the planet will belong solely to the bankers.
If Russia sells it means China sides with the bankers. This means with no Russia there is no viable alternative to dictatorship.
Sovereigns are taking FDR's stance and doing what they can to outlaw ownership of gold for all but the chosen few. Like gun laws you need proper training and secure motivations in support of the state. They don't want no radicals out there tossing around gold in the marketplace. It could prove destabilizing to their unlimited printfest.
putin will not sell the gold, but a flood of USTBs will hit the market very soon.
and a quiet buy for all of it will come out of Belgium, wink, wink.
I was gonna say, the 100+B Russia has is a month and a half of QE3. Even if it had an impact it would be brief.
A stacker seldom sells, but then again, for a stacker its all about insurance. It may be Putin's time to make a claim.
Anti-gold bankster brigade is conjuring up rational decisions going forward? lmao Just about anything hitting Russia would mean selling gold to that crowd.
+1000
"it" in a nutshell!
This is the weirdest damn Bloomberg 'story' to come out lately.
It's like some kind of pathetic wishful-thinking by Russia-bashers. It's like they want Putin to sell gold when he obviously has no desire or intention do to so. He said as much weeks ago when he said he had absolutely NO intention of artificially propping up the ruble. He doesn't need to - he'll let the West bleed money trying to crush it.
I honestly don't know what to make of these odd non-story fantasy news pieces. Are we suppose to DO something in response to them?
Is this a ham-handed attempt to grease the skids for some kind of false-flag involving Russia? Ukraine's gold is long-gone, and their country is on the brink of economic ruin (thanks for the 'freedom', USA freedom-fuckers) and is just about to endure another Jewish-Ukrainian oligarch coup ver. 2.0.
Why the hell should anyone care if Russia doesn't sell their gold like they said?
... It's like they want Putin to sell gold
Of course they do ! Which is why all this mental projection process is called wishful thinking...
wishful thinking it presumes "thinking"
this is not thinking it is stupidity ... you print a few more zeros in your computer and i will handle you all pm i got ...
this is that stupid that the best the author can do is quote some 15 million dollar hedge fund (did not know thats a hedge fund as well) manager ... well, he could have gotten Mo to comment on it ...
i want to be a billionaire as well .. is that wishful thinking? it is stupidity
This is a psy-op (i.e. propaganda) disguised as "news" and, from that perspective, it's not all that retarded. It is intended to serve a double purpose: FIRST, to convince people that America's "soft" war against Russia is successful (Russia is collapsing, blah, blah...) and SECOND, to convince the die-harders of physical gold that they should sell their stack ASAP because the price is about to go even lower (because Russia will sell, as it's out of money, blah, blah...) It might not be a very successful tactic here at ZH, but you'll be surprised about its effect among the TV watching crowd. Problem is, those guys don't have any gold to sell; they didn't buy any to start with (but they are up to their gills in stocks :).
Wishful thinking or a threat?
The same trial baloon that your government used to float regularly.
Now, they just do it,because it feels good, therefore must be Right.
Business Insider, Bloomberg, USA Today, Yahoo News and the rest are in full on Putin hatin and Russia hatin mode.
I do not watch TV but on some of the more conservative news sites, conservatives are brainwashed by this shit too.
The people behind destroying America are the same people involved in the Ukraine & Syrian genocides plus the Putin hating and attacks on Russia. Same people who gave the Russian people Bolshevism and mass genocide.
I stopped reading Free Republic posts years ago because they are Jonathan Pollard conservatives.
"Jesus said......" No Jesus threw those people out of the temples for money changing, dishonesty and they had him cruxcifed for it.
"Opulence... I has it."
http://youtu.be/CjWYbcbpiWA
Bastards cheated me on my petite giraffe pre-order. Never trust an oligarch
http://journalofpetitelapgiraffescience.weebly.com/sokoblovsky-farms.html
Countries tend to sell gold when they have nothing to buy oil with. Russia, being a net oil exporter, has no such problem.
Good point. Feels like folks are running around like chickens with their heads cut off. The Russians have been very poor, very recently. They have collapse in their recent history. If I am in their spot, I default on every Goddamn thing, hold on to my gold, and say, so fuckin sorry, why don't you come and try to seize it from me? All that paper out there is myth. Gold, oil, and other natural resources (not to mention arms and nuke power) are quite real. Why on earth give up real for myth, unless the payment is a promise you made to an ally.
Folks saying "Russia is done" never saw a good sci-fi horror movie. Even if they were "done" in some kind of short run, eventually "they'll be back!"
Russia should just announce they will replicate what the U.S. does: they will print dollars to pay their debt denominated in dollars.
I read this more as:
'Dear President Putin,
We are going to strip mine your economy to the bone as things are going now. If you would like us to relent then all you have to do is give up the precious. Give us the gold and the pain will stop.
Sincerely,
TPTB'
EDIT:
'PS Is China really on your side or are they just using this crisis to their own advantage - to make you more beholden unto them? Who do you think they are beholden to?'
That is, who knows which way China will come down on all this? Certainly they want to be the strong horse in any victory if they've paid any attention to US history.
Selling gold story is a complete psyops:
http://winteractionables.com/?p=17161
No, he will sell tbonds.
I would sell the shit out of all the American debt I had and last to go would be to sell my gold. the question is Putin stupid?
His US holdings are small compared to the needed daily cash-flow to keep Mother Russia afloat.
Daily cash flows needs are denominated in...?
How is this a problem?
NO he is not stupid - the only stupid people as Jonathan Gruber said are Americans!
Bloomberg's news is so bad. It is as vile as Bloomberg is.
but bloomberg is credible-far more credible than ZH or any one of a number of other sites. It has to be--because so many banksters have a bloomberg terminal to conduct their business.
I guess you needed a /sarc for the idiot who -1'd you.
Lord Bloomberg of Zion telling the donkeys what to believe and also trying to disarm them.
I don't expect it to end well. It already isn't ending well.
Gold will be the last man left standing.
Putin is going to sell his gold? Not unless he's an idiot.
He'll level syndicate headquarters in manhattan first.
....and enter in a swap agreement with china
Who will buy these many billions needed?
With a quarter point more yield than right now, the whole damn planet would buy.
He's not going to fall for it.
That was the plan all along....squeeze um and they will be forced to sell. Gold is just a tradition right ben?
Sell it all to China - get it out of the WEAK hands.
He won't sell
Oh watch how gold would fall if Putin sells gold. Give me a break, India buys, China buys does gold go up, so far the price of gold has little to do with physical as yet and is still a victim of paper shorting.
So all the buying over the last three years led to lower gold prices but selling will too? Logic fail.
It's all over the cheerleading media. So it must be true.
Right?
They are fucking shit scared of PM's, scum bags.
Since the PTB cannot easily pull a "Libya" you mean?
I thought the Ruble had been stabilized? In any case, the US scored a massive and effective hit on Russia by forcing oil prices down and undermining the integrity of the Ruble. However, the US economy is vulnerable to attack. Be interesting* to see how Russia responds.
*in this context, interesting means terrifying.
Yeah, bet all the folks in the Dakotas are on board with that. Way to go, keep up the fine work.
Harper the trained seal has been strangely quiet during this entire rout in the oil market, but you can be sure that Canada is going to feel massive pain in the coming months if there is no rebound in th oil price.
It would take a concerted effort by Russia, China and India to hurt the dollar.
China and India are dependent on a prosperous world economy lest they find themselves in the same predicament Russia is in. Hurting the dollar undermines their holdings and more important their countries economies.
A countries 'reserves' do not last long in a crisis or when cash-flow is crippled.
A microcosm of an example, look at Americans in retirement, they have no return (cash-flow) on their savings because the FED has interest rates artificially low, so they burn through their principal forcing them back to work, skewing the unemployment rate in the process.
Why bother to hurt the dollar ? Much easier just to ignore it... Kind of like when you use the dollars you get from selling your stuff to buy... gold !?
That would be a very long process years in the making and most likely would not succeed.
Russias current reserves http://www.cbr.ru/eng/hd_base/default.aspx?PrtId=mrrf_m
International reserves of which: foreign exchange reserves of which: gold foreign exchange SDRs reserve position in IMF
30/11/2014 418,880 373,658 361,409 8,334 3,915 45,222They'll trade mostly with countries who do not require payments in USD, buy gold (with their oil dollars) and KEEP it. As paper currencies keep adding zeroes, gold will become a de facto instrument for CB reserves. Just watch...
so Cuba remained indepenedent since 1962 despite the USA blockade - that was 52 years ago!
- that is a long time - and the Cubans had what resources? and what IQ compared to the Russians ?
more bullshit propaganda from the ministry of bullshit lamestream media...
yeah, Putin bought 55 metric tons last month just to turn around and give it back to the bankrupt west which has attacked Russia's currency????
fuck off.
"Russia bought 55 metric tons of gold in the third quarter of this year to strengthen its central bank as the ruble dove under the weight of Western sanctions and low oil prices. That’s twice the amount of gold bought by the next largest buyer, former Soviet republic Kazakhstan, according to the World Gold Council.
The Central Bank of Russia took advantage of some of the lowest gold prices in four years. Gold hit an all-time high of $1,921.50 per ounce on Sept. 6, 2011, but has dropped more than 35 percent since. It’s currently trading at around $1,100 per ounce.
“Central banks do not accumulate gold for no reason; you hold gold as part of your reserves to guard against these worst-case scenarios,” Natixis analyst Nic Brown said. “It would make sense that in a situation in which the Russians found their dollar reserves were no longer useful, for whatever reason, they would want to use alternatives, and the country has accumulated a large amount of gold in recent years.”
http://www.ibtimes.com/russia-invests-gold-buys-55-metric-tons-brace-cen...
I don't watch TV and have not for years. I was in a store and saw a USA Today headline today. Something like USA Tries to Deliver Knockout Punch to Reeling Russa.
I was floored by the war time propaganda. And people don't even question especially the media, which I ignore.
I can't stand the Bushes but GW Bush treated Putin and Russia with respect. This crap is beyond the pale. One of the posters here last night (Jack) mentioned that Reagan essentially threw the Neocons out and called them crazies. He knew they were dangerous and came up with that term to try not to antagonize them
They were/are so evil and dangerous that he knew they could get to him too. And they tried.
after 100 years of zio tee vee programming, the citizens brains have been turned into mush [which was the desired outcome].
I pulled the plug 4 years ago. It's amazing what happens when you deprogram from the matrix.
TV does not have the same effect on you once you realize that it's propaganda slave training though. It can be a extremely useful tool if your audience is still ignorant. Quite the opposite if you're awake- it's almost like awareness training because you realize how much propaganda there really is.
And you still get to watch the playoffs. (I know-I know, not important- but still entertaining)
I use it to catch those times when they are blatantly lying or spreading propoganda and show my kids what they are doing. How they use things like TV to slowly program your thinking. It is a useful tool for such things...
The programming is so subtle that I would dissuade the children from watching it in the first place. Children will, on far too many occasions, dismiss what you will tell them and choose to believe in a fantasy.
Maybe as young adults they need exposure and guidance, when their minds have developed logical thought processes. Before that time Television Programming incurs the most affective insidious Brain Damage to children.
Children have far too much plasticity and their minds are too susceptable to suggestion. They have not the ability to discern that which is real from that which is fantastic.
Sitting your children in front of a Television Set is just a form of Parental laziness and is subtle Child Neglect if not Abuse. They become absolutely mesmerized at the images and sounds emanating from the screen. Try peeling them away and distracting them from a "Children's PROGRAM" Good luck.
I wholeheartedly disagree.
I grew up watching TV. Single parent mom, working. I am aware enough to see thru their crap so I think my kids are gonna be ok. The idea that allowing a kid to watch TV is abuse is absurd. I agree that it should be monitored and not a baby sitter.
I never said I sit them in front of the TV. I said I show them how the TV programs them. There's a difference.
Zero tolerance policies are never a good thing. I have seen first hand what it does to a kid when parents enact zero tolerance policies on their kids about TV. Socialization is arguably one of the most important aspects of raising a child. Unfortunately these days, TV is part of that.
Out of curiosity, how many kids do you have?
The Sports Announcers on those Football Games even use the Propaganda. It is so apparent after you have been unplugged from the Matrix for awhile.
I will probably watch some of the College Football Bowl Games.
But I will not even bother with the NFL as that league is as fixed as NBA Basketball.
He bougth 55 tons....but did he take delivery? Doesn't anyone find this fact interesting....maybe he bought it and he wants to HOLD it, thus the takedown in everything to try and shake it back out of him.....(don't you think the backroom negotiations are that they will only take payment or make loans in gold)....
If he does sell gold then he lost. Thats how I see it because I believe the squid want that gold in their reserves. As a betting man I would say Putin will not sell gold.
Bought gold for a few rubles.
Sell gold for many rubles.
Isn't that exactly what we are going to do with the dollar one day?
Pick your own time frame and see for yourself:
http://www.goldpriceoz.com/gold-price-russia/
no!
"we" over here will never give Gold back for the MoneyChangers new worthless script...
or more better said.....
https://www.youtube.com/watch?feature=player_detailpage&v=jcsZH2GwLX4#t=36
KS
We all have a plan for how we will deploy our gold eventually. I'd be willing to sell it for 'worthless script' if I knew I'd be able to exchange said script for real things I want and need.
I see fiat use continuing for a long time, even after the dollar fails. I can live with that. I just don't want to hold fiat for an extended period of time. Fiat functions very well as a medium of exchange. Gold works very well as a store of value.
Well my idea may seem way out there but I am hoping to never sell any pm's for a us dollar. If we can go back to a gold standard then yes(just to have a little real cash) because I am holding a certificate instead of paper dyed with green food coloring that is not pleasent on my asshole when wiping.
Its Vladimir Putin not Vladimir Pull-out.
spit out my coffee and i wasnt even drinking any. you should make t-shirts
I'm sure there will be creative ways to deal with the situation at hand.
http://thebricspost.com/china-sets-up-new-3bn-finance-fund-for-central-a...
Energy Ministers of Bulgaria, Russia to Discuss South Stream over Phone - See more at: http://www.novinite.com/articles/165501/Energy+Ministers+of+Bulgaria%2C+...
http://www.novinite.com/articles/165501/Energy+Ministers+of+Bulgaria%2C+...
Bulgaria and Russia's energy ministers are to discuss South Stream over the telephone on Friday, Bulgarian officials say.
The phone call has been proposed by Economy Minister Bozhidar Lukarski and Energy Minister Temenuzhka Petkova, according to Lukarski's Chief of Staff Filip Kirev.
Kirev told Darik Radio a visit to Moscow had been initially scheduled, but Russia's Energy Minister Alexander Novak had to cancel it due to "urgent" matters.
Russian officials have insisted the South Stream project, which was to carry gas to Europe via Bulgaria, Serbia and Hungary, is now considered to be over.
Earlier, Russian-language media outlets had reported that Sofia was planning to send a governmental delegation to Moscow for talks over the project.
- See more at: http://www.novinite.com/articles/165501/Energy+Ministers+of+Bulgaria%2C+...