UPDATE: 11:54 a.m. AND NOW THIS
In order to balance supply and demand in the domestic precious metals market, the Bank of Russia will buy gold from credit institutions at a fixed price from March 28, 2022.
After the specified period, the purchase price of gold can be adjusted taking into account the emerging balance of supply and demand in the domestic market.
Intro: We are not given to hyperbole. This is a path we’ve studied for years as students of history. This is not a fomo panic buy (or sell) statement. It is a geopolitical observation.
There comes a point where no matter how good a captain is, after which, he cannot steer his ship to avoid an iceberg. The dollar is on a collision course with China and Russia on trade. If the iceberg does not melt, the choices are: crash, or scuttle with the affluent surviving in lifeboats.
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If people understood what is happening to our economy and our assets, we would not have enough rope.
David DeGerolamo
We have waited too long; our chances of survival look to be less than 2 0r 3% at best. They have all the rope they need to finish us off. Our mobility is being cut by the energy shortages with skyrocketing prices.
The thing about rope is, it can be reused over and over and over…..next, your turn!
The ruble is backed by gold is a plus, bitcoin, is cyberspace based, so when the juice ceases to flow (and it will at some point) U B Broke.
The dollar is based on promises, and anymore they are increasingly empty = valueless, the more they print. Welcome to Zimbabwe & the 1,000% inflation rate.
Snap! There it is
Russia and China have been stockpiling gold for the purpose of doing what Nixon refuted in ’71, having a gold backed currency
The ruble and yuan will rise as the dollar falls
This IS the new world order