I don't think the banks want roubles.
If you have gold will you exchange it for roubles?
(29-03-2022, 09:02 AM)sgbuffett Wrote: [ -> ]I don't think the banks want roubles.
If you have gold will you exchange it for roubles?
Banks need rouble for their customers.
Their customers don't go to ATM to withdraw gold!
US already frozen or confiscate all russia gold reserved, use what to buy gold now> ruble> my foot, who want.
yet tie ruble to gold> almost all in the hand of US now, tie to paper gold>
all these stupid moronic comie dogs here.
美扣押俄羅斯黃金儲備
Gold going to huat big time
(29-03-2022, 09:02 AM)sgbuffett Wrote: [ -> ]I don't think the banks want roubles.
If you have gold will you exchange it for roubles?
Gold doesn’t give interest…
Nobody will carry gold to run road.
Banks still have to face reality.
There is no meaning to hold gold if it doesn’t pay interest.
(30-03-2022, 12:14 PM)kokee Wrote: [ -> ]US already frozen or confiscate all russia gold reserved, use what to buy gold now> ruble> my foot, who want.
yet tie ruble to gold> almost all in the hand of US now, tie to paper gold> LOL LOL.
russia sibei cham, all foreign reserved kena frozen or confiscate to give to Ukraine after the war.
all these stupid moronic comie dogs here.
美扣押俄羅斯黃金儲備
russia has no gold now due to russia gold already confiscate or frozen by US.
now then start to buy gold> almost bankrupt now, got money to buy>
gold is in USD not ruble, they cant print ruble to buy gold> LOL LOL.
(31-03-2022, 06:00 PM)cityhantam Wrote: [ -> ]
Let's talk about Russia Pegging the Ruble to Gold : Lee Barrett
if he dont know what he is talking about then he better dont talk... its RCB paying a fix price for gold.... not RUB has a fixed rate in term gold... so RUB is not pegged to GOLD.... IF THIS IS THE CASE, THEN IT SHOULD BE EVERY RUB WILL HAVE X GRAM OF GOLD.
Pure nonsense.... the reason why RCB is willing to peg gold to ruble is so that those countries refusing to pay in RUB can pay for their GAS in GOLD.. RCB is collecting GOLD...
(29-03-2022, 10:14 AM)RiseofAsia Wrote: [ -> ]Gold doesn’t give interest…
Nobody will carry gold to run road.
Banks still have to face reality.
There is no meaning to hold gold if it doesn’t pay interest.
guess why currency pay interest? its to cover inflation so people will hold currency instead of money (gold)... if the interest cannot cover inflation then the currency is losing value... that make holding gold make more sense than just holding currency unless you need the short term liquidity...
(29-03-2022, 08:54 AM)theold Wrote: [ -> ]https://www.reuters.com/business/finance...022-03-25/
By pegging 1 gram of Gold to 5000 rubles, effectively the Russian Central Bank guarantees that 1 gram of gold is interchangeable with 5000 Rubles worth of Russian commodities such as wheat, the staple food of half the world's population.
1 gram of gold may fluctuate to the Dollar, up or down on any given day corelated with the price of oil. 1 gram of gold may cost US$62 today, US$70 tomorrow, or US$100 next week. But 1 gram of gold will still be 5000 Rubles today, tomorrow or next week.
For importers of Russian commodities such as wheat & fertilisers, they will begin to sell their gold to the Russian Central Bank and buy & keep hordes of Rubles today rather than tomorrow or next week, in anticipation of increase of gold price to the dollar (or decrease of dollar vs gold).
The other part to this intertwined relationship is that Russia is both a gold AND oil producer. The Ruble-Gold-Oil trinity is the exact copy of the Dollar-Gold-Oil, with the exception that Russia is part of the Opec Plus (while America is not) cartel that controls the price of oil for the rest of us, while also producing its own gold.
Consequently, it holds the cards that give it the ability to revise the ruble to gold peg.
![[Image: Screenshot-from-2022-03-31-19-56-05.png]](https://i.ibb.co/txXc943/Screenshot-from-2022-03-31-19-56-05.png)
after reading the above singlon wants to ask u one simple question Russia 5000 up or done over time the adjustments.
how abt the stock to flow ratio?
no price or answer from this one just u alone u know u one pickle of a nut
https://seekingalpha.com/article/4498704...d-standard
Summary
Step 1:
Offer a premium fixed price for gold to domestic Russian banks who can't sell their gold internationally due to sanctions, encouraging domestic gold flows into Bank of Russia.
Step 2:
Strengthen the Ruble internationally by insisting on energy payments in Rubles, turning fixed price into a premium internationally as well, encouraging international gold flows into Russia.
Step 3:
Turn the Ruble into a credible gold substitute at a fixed rate.
The 5000RUB window closes June 30. Does Russia declare the Ruble convertible to gold after that? At what rate?
Rather than speculate on the Ruble, just buy the gold.
.
(31-03-2022, 07:51 PM)simpleman Wrote: [ -> ]By pegging 1 gram of Gold to 5000 rubles, effectively the Russian Central Bank guarantees that 1 gram of gold is interchangeable with 5000 Rubles worth of Russian commodities such as wheat, the staple food of half the world's population.
1 gram of gold may fluctuate to the Dollar, up or down on any given day corelated with the price of oil. 1 gram of gold may cost US$62 today, US$70 tomorrow, or US$100 next week. But 1 gram of gold will still be 5000 Rubles today, tomorrow or next week.
For importers of Russian commodities such as wheat & fertilisers, they will begin to sell their gold to the Russian Central Bank and buy & keep hordes of Rubles today rather than tomorrow or next week, in anticipation of increase of gold price to the dollar (or decrease of dollar to gold).
The other part to this intertwined relationship is that Russia is both a gold AND oil producer. The Ruble-Gold-Oil trinity is the exact copy of the Dollar-Gold-Oil, with the exception that Russia is part of the Opec Plus (while America is not) cartel that controls the price of oil for the rest of us, while also producing its own gold.
Consequently, it holds the cards that give it the ability to revise the ruble to gold peg.
I speculate that the RCB is working towards bringing the Ruble back to 75 to the Dollar, lower than the pre sanctions level while continuing to offer generous discounts to "friendly" (& unfriendly?) countries for Russian commodities.
Stengthening its currency will have a ripple effect of repatriating wealth from abroad back to the Motherland that translates into more domestic investments in key sectors and attract Russian talents to return home.
To overcome sanctions-induced curbs on imports, Russian authorities have given the go ahead to ramp up parallel importing - a grey area in International trade laws that bypass intellectual property permissions.
(01-04-2022, 07:25 AM)simpleman Wrote: [ -> ]I speculate that the RCB is working towards bringing the Ruble back to 75 to the Dollar, lower than the pre sanctions level while continuing to offer generous discounts to "friendly" (& unfriendly?) countries for Russian commodities.
Stengthening its currency will have a ripple effect of repatriating wealth from abroad back to the Motherland that translates into more domestic investments in key sectors and attract Russian talents to return home.
To overcome sanctions-induced curbs on imports, Russian authorities have given the go ahead to ramp up parallel importing - a grey area in International trade laws that bypass intellectual property permissions.
We are going to suck thumb?
Song Boh!
(31-03-2022, 06:25 PM)kokee Wrote: [ -> ]russia has no gold now due to russia gold already confiscate or frozen by US.
now then start to buy gold> almost bankrupt now, got money to buy>
gold is in USD not ruble, they cant print ruble to buy gold> LOL LOL.
russia has no gold now due to confiscate by US.
now russia almost bankrupt due to sanction, frozen & SWIFT, no money, buy what>
now russia like begger, oil & gas, Euro also accept now, LOL LOL.
comie dog so much nonsense on using ruble to pay for russia oil & gas, all is lies & fake after truth is out, putin & russia accept to use Euro to pay, all these comie dogs will never get once right due to all their fake communist source of lies & BS.
use your head, russia is near bankrupt, they have no choice, once cut off totally, no europe country will ever buy oil & gas from russia again.
普京跪低了！歐洲無需用盧布結算天然氣！美情報揭露普京遭親信老點以為俄軍大勝
(01-04-2022, 07:28 AM)RiseofAsia Wrote: [ -> ]We are going to suck thumb?
Song Boh!
The ultimate winners are those who hold gold.
When the West eventually sanctions China (just a matter of time), China will go the Russian way of pegging Yuan to gold. While Russia exports wheat around the world, China exports real quantifiable human endeavour in the form of manufacturing.
The Russia + China combi becomes the #1 gold producer in the world, unrivalled by anyone else, controlling the price of gold worldwide.
They can peg any price they want to their own currencies.
(31-03-2022, 06:37 PM)kokee Wrote: [ -> ]china & russia pair up, unlimitedly, there is no return road for this evil gang.
whole world must sanction them together, treat them as same entity.
after tomorrow EU-chna meeting, hope EU will join US in this china sanction.
俄乌战争阻挡不了中美贸易战继续升级
sure, china & russia tie together as one now, will be gone together.
they admit it & whole world recognised it.
nothing to hide if it is hard truth.
(01-04-2022, 07:40 AM)simpleman Wrote: [ -> ]The ultimate winners are those who hold gold.
When the West eventually sanctions China (just a matter of time), China will go the Russian way of pegging Yuan to gold. While Russia exports wheat around the world, China exports real quantifiable human endeavour in the form of manufacturing.
The Russia + China combi becomes the #1 gold producer in the world, unrivalled by anyone else, controlling the price of gold worldwide.
They can peg any price they want to their own currencies.
Those who bought Gold when it was 15 Dollars per gram could not have imagined it would one day become 62 per gram in just a quarter of a lifetime.
What will the price of gold be in one more quarter?
![[Image: Screenshot-from-2022-03-31-19-51-52.png]](https://i.ibb.co/sqRwBdh/Screenshot-from-2022-03-31-19-51-52.png)