Russia And China Lay Economic Foundation Based On Golden Rule

Authored by Rory Hall via The Daily Coin,


One of the many themes we support at The Daily Coin is the constant progress happening across the emerging markets, especially the nations involved the Eastern economic alliances like BRICS, BRI, SCO, EAEU and the like. These nations under the direction of China or Russia or a combination are laying the groundwork to be the driving force of the 21st Century and beyond.


We also continually report on gold moving from Western vaults to all points East. Most recently we discussed Kazakhstan and the importance of this nation both from a geographical position as well as natural resources like gold, rare earths and a wide variety of other elements within the borders of this growing nation.

Gold always has our attention as the rules/laws surrounding gold have not changed. While most people, especially in the West, have forgotten these rules that does not mean they have changed or been overturned.

One law that has stood the test of time is the golden rule – he who has the gold makes the rules. We also like the fact that JPMorgan, the man not the bank, stated in a congressional hearing that “gold is money and everything else is credit”. These two rules/laws working in conjunction with one another make for a formidable alliance. When you have natural rules/laws working together and nations begin forming alliances using these rules/laws as a foundation the rest of the world should take notice, but alias the Western world is more focused on “russia did it” than what Russia is actually doing.

“We (the Central Bank of the Russian Federation and the People’s Bank of China) discussed gold trading. The BRICS countries (Brazil, Russia, India, China and South Africa) are major economies with large reserves of gold and an impressive volume of production and consumption of the precious metal. In China, gold is traded in Shanghai, and in Russia in Moscow. Our idea is to create a link between these cities so as to intensify gold trading between our markets.” Source

At this point it is well documented that China and Russia have been acquiring gold, swapping gold between countries through each nations banking system and recently announced their intentions to assist the three other BRICS (Brazil, India and South Africa) nations in building their gold reserves. China and Russia also announced their desire to open BRICS gold exchange/markets in Beijing and Moscow. Why all this focus on acquiring gold, storing gold and assisting other nations in doing the same? It has been made very clear, by President Putin and the Russian government, that Russia sees the Federal Reserve Note as threat to their national security and decreasing their dependence on Federal Reserve Notes as trade settlement is a top priority.

Now we see the golden fruit of Russia’s gold acquisition efforts in 2017 as being the biggest year ever since Russia began reporting their gold holdings.

In November the Central Bank of Russia added 900,000 ounces (27.99 tons) of gold to her reserves, raising her total to 1828.88 tons or 58.8 million ounces. In October 2017, the Central Bank of Russia added 700,000 ounces (21.77243 tons) of gold to her reserves. In September 2017, the Central Bank of Russia added 1.1 million ounces (34.2138 tons). In August 2017, the Central Bank of Russia added 500,000 ounces (15.55 tons) of gold to her reserves (56.1 million ounces). In July, the Central Bank of Russia added 400,000 ounces (12.44139 tonnes) of gold to reserves after adding 300,000 ounces (9.33104 tonnes) of gold in June and 700,000 (21.77 tonnes) of gold in May. In April, the Central Bank of Russia added 200,000 ounces (6.22 tonnes) after adding 800,000 ounces (24.882 tonnes)in March, 300,000 ounces (9.331043 tonnes) in February and 1,000,000 ounces (31.104 tonnes) in January. Source

Click chart to Enlarge

At the current pace Russia will pass China in global gold holdings and take the sixth position within the first 2-3 months of 2018. This simply shows how aggressive Russia is towards acquiring gold.

Also of note, if Russia continues this pace of acquisitions she will pass France in early-mid 2021 and be in 5th position, assuming that China doesn’t, once again, begin adding to their “official” gold holdings.

We believe China is adding gold to her gold holdings each month, just not to the “official” gold holdings that are reported to the IMF.


Escrava Isaura Wise Gold Fri, 12/29/2017 - 03:18 Permalink

Golden rule?

Didn't we have it for thousands of years? And it never worked.

Also, I used to buy gold in Brazil to hedge inflation but, when I went to sell it, it was a nightmare. The buyers nickel and dime me to death. Also, it's impossible to know the quality and content unless you melt it.

In the 1980’s buying and selling dollars in Brazil was the best bet. But, there were lots of fake dollars that were brought in by Americans working in Brazil.

Gold reminds me of free market: Good theories but totally unworkable in the real economy.


In reply to by Wise Gold

Pandelis OverTheHedge Fri, 12/29/2017 - 03:57 Permalink

i wonder how trolls get paid ...


one way could be by the number of posts ... but some of them might be better than the others, and one good post might be worth 100s cheap posts for the sponsor ...


however, at the end i suppose the aim is to spread disinformation and probably there is no way to quantify the impact they have made ... for example the impact of few thousands dullars spent by russians on similar trolling had the effect of electing the US El presidente ... so i guess go figure ... my two cents

In reply to by OverTheHedge

shitshitshit Pandelis Fri, 12/29/2017 - 04:11 Permalink

 gold had real value, if you are able to protect your holdings and sell them at the right price for the fiat of choice at a given time. Security and stock rotation. The most difficult goals to achieve. 

As with illiquid stores of value: never try to sell them when you need money, you're always going to end up broke. Be a Jew. 

Now if there is any official gold market on which volumes are high and that is not polluted by derivatives or paper gold, we may see its value go up for good this time. It's a gamble but so are cryptos; in the current state of the international economy I don't see this as an impossible thing, bar ww3 of course because the land of the fat lady will not go down in history without putting up a fight with their LGBT forces. 

In reply to by Pandelis

DownWithYogaPants BennyBoy Fri, 12/29/2017 - 10:03 Permalink

Gold does have intrinsic industrial value HOWEVER.......many of the points Isaura made are valid.

For example with JM bullion I inquired about the 1 oz bar and removing from package:

Q- if I remove from package to test and I find it to be fake will you refund

A - no only if it is in the package

Q - how am I supposed to test it if it is in the package?

A - ........... dead air

Now I'm sorry but leaving it in the blister pack is not an option. I'm not going to take anyone's word for it.  I'm going to do all the tests I can do to verify because you know sooner or later .....

So JM put themselves in the category of "stamp collecting" as far as I see it.

In reply to by BennyBoy

new game shitshitshit Fri, 12/29/2017 - 05:34 Permalink

the upper hand of trading is from a position of no debt. be it jewish or indian. cultural bearing has a lot to do with it. average merikan is a financial retard. upside down on depreciating assets.

the home is the only hope for merikans future. when social security is reduced, the reverse mortgage will be the cash cow.

pensions will be going bust. the government will be in turmoil trying to fulfill promises that can't be made. treasuries will tank and the zombie future will become the present with pockets of security primarily in the rural areas...

plan on it. 20 trillion says so. go trump, spend it like a drunken sailor. infastructure next, cause we know allocates money soooooooo well...

In reply to by shitshitshit

BobEore OverTheHedge Fri, 12/29/2017 - 06:13 Permalink

With the purposeful blindness of the those whose choice is to eschew any form of political awareness....

in order to place all their cerebral resources at the service of merely.... sellin...

our guy "Rory" references Kazakhstan as if it were a place where streets are paved with shiny stuff... and the people never grow old! In truth, the place is a wasteland, nucleated to death in Soviet era madness... and after that miserable episode, set upon by a horde of hungry talmudists who rushed in to buy up all the resource companies cheap - just as in mother Russia...

and sell dear ... thru their associated companies in the west. Take Trump good buddy Tevik Arif... local tribalist and social parasite... who simply scooped up the low hangin fruits... through the usual methods... then moved offshore with the loot, becoming a 'good citizen' of Turkey, like good buddy Reza Zarrab...

livin the playboy lifestyle with imported Ukranian 'models' aboard yachts as freebies for friends... a modus operandi o so reminiscent of another Drumpf good buddy Jeff Epstein...

who of course... covered ALL the bases with his Clinton crime crew friendships... jus like Tevik and the rest of his dually citizened crew hang with the top of the moscow totem as well as the jihadi crew.

Tis jus what russo-talmudic maifya types do!

But... let's not talk about that.

Zuckerburg/Adelson 2018


In reply to by OverTheHedge

SunRise Escrava Isaura Fri, 12/29/2017 - 05:51 Permalink

"Never worked" is a surprising over-step by the normally lucid Escrava Isaura; perhaps, he's using hyperbole? 

Looking at the purchasing power rate-of-change between the gold (dollar) revaluation of Roosevelt to Nixon, convinces me that gold corralled runaway political ambitions intent on using my slave labor for their crafty charity projects.  Since Nixon tore down the last guardrail, the charts show the gnarly Pirate Blood-lust Gnashers opening huge, gaping wounds.  I stand aghast at the life-generating purchasing power of generations spilling haplessly on the ground.

In reply to by Escrava Isaura

East Indian Fri, 12/29/2017 - 02:20 Permalink

Gold may slip out of the paper lasso this year - 2018.

Petroyuan - Shanghai exchange combo may not replace the petrodollar, but will substantially damage it. 

johnduncan78 Fri, 12/29/2017 - 02:54 Permalink

How much gold do we have?Ha our vaults are empty but we claim to have tons of it. If that's true- AUDIT AND SHOW IT. Heck, I would be proud of it if I had it. I would want to show it off!

Maestro Maestro Fri, 12/29/2017 - 03:27 Permalink

So Western bankers love the Chinese and the Russians so much that they are essentially giving their gold away to them for free (at cost)?




China, like Russia, is not pro-gold in reality and acts in collusion with the BIS, IMF, COMEX, and LBMA to suppress the price of gold.  When gold goes up in price, it will be against the will of the Chinese, the Russians and the Indians.


The BRICs are all IMF member countries and are thus forbidden to monetize gold, or link their currencies to gold, or use gold as a trading or exchange mechanism:……


India recently collaborated with Western bankers and following the West's instructions, temporarily destroyed the purchasing power of its own Indian population by demonetizing physical cash, under the guise of eliminating tax evasion and cash-only criminal activity.  This has had the effect of crashing the gold price by temporarily removing the Indians from the gold market, exactly when the Trump inauguration lit a fire under the gold price.  


The Russians never abstained from using dollars even at the time of the communist USSR!  If they did not demand gold for their oil during the Cold War, why would the Russians do it now when the Russian central bank is owned and controlled by the City of London banking establishment since the creation of the new Russian Constitution under Yeltsin?  The Russians are forbidden to issue their own currency the Ruble without permission from Western bankers and the Russians can only buy US Treasuries with the dollars they get for their oil, not gold.  There are more dollar assets than Rubles in Russia:…


The gold price would have skyrocketed if the Russians and the Chinese were buying gold hand over fist as alleged.  Why do you think that Western bankers would give gold away at or below cost to their purported enemies?


Unless they were not enemies in reality, and just partners playing good cop, bad cop for the purposes of fooling and manipulating their unsuspecting respective populations?


Why do the Russians never ask the Americans to leave Syria where the Americans are illegal invaders under international law?  Why did the Russians never prevent the Israelis from attacking their allies the Syrians?


The Shanghai Gold Exchange is a fraud designed to backstop and bestow legitimacy to the fraudulent COMEX "discovered" gold price.  Goldman Sachs and JPM never could have manipulated the gold and silver prices lower without active Chinese collaboration.  That the Shanghai Gold Exchange is a physical only market is a LIE:…


The Chinese government defrauded and stole from their own Chinese citizens by encouraging them to buy gold at the top.  The Chinese bankers then colluded with JPM and Goldman Sachs to crash the gold and silver prices.  Large amounts of physical silver were leased out and sold into the physical markets by the Chinese authorities as well:…


Do not forget:  It's the international ruling classes against the common folk.  That's the real meaning of globalism.


Maestro Maestro OverTheHedge Fri, 12/29/2017 - 10:13 Permalink

Russia is buying local Russian gold as per the instructions of the City of London AND for the account of the City of London bankers who own and control the Russian central bank.  

The result being 1)gold is bought with Russian taxpayer monies and transferred for free to the international bankers; 2)gold is not monetized but instead criminally privatized into the thieving hands of the bankers as their ultimate insurance policy.  If TSHTF and the bankers' fiat system fails, the bankers will start saying things like, 'gold is money; everything else is {bad} credit' and will make you pay 10,000 times you're paying now for gold.

Russian buying of gold = accumulation of Russian gold for free by the bankers 

In reply to by OverTheHedge

Maestro Maestro Justin Case Fri, 12/29/2017 - 09:52 Permalink

So why did Putin not prevent the death and mutilation of millions of Syrians and Iraqis simply by publicly repeating what you just said?

Putin could stop the American death machine on a dime by obeying Article 1, Section 10 of the United States Constitution and refusing to sell valuable Russian oil for his purported enemy's worthless dollars.  (What do the Russians need dollars for anyway?)


Putin = Trump

In reply to by Justin Case

turkey george palmer Fri, 12/29/2017 - 03:46 Permalink

China may not want the price of gold to move higher because the dollar would probably be dropping as well. That is not good because the yuan may get bid up somehow. Can't have a strong currency if you are a lender holding billions of dollars denominated debt