Russia to be banned from the global gold markets

Lol, Vladolf Putler just can't stop taking L's. First they lose a war against a weaker smaller neighbor, and now they can't even buy or sell gold on the international market:

congress.gov/bill/117th-congress/senate-bill/3771/text

It will be a CRIME for any US citizen or institution to trade in gold with Russians. Foreign citizens will also face US sanctions or even prosecution/extradition if they trade in Russian gold. This cuts off Russia from one of its most important commodities markets.

>Treasury Secretary Janet Yellen was set to meet with US lawmakers Wednesday to discuss a possible freeze on Russian reserves of gold.

>The move comes after several lawmakers introduced the Stop Russian GOLD Act, meant to target Russia's ability to sell its gold reserves to avoid the impact of sanctions.

>Current sanctions on Russian elites, the country's Central Bank, President Vladimir Putin and other measures do not impact Russia's gold stockpile, which Putin has been accumulating for several years. Russia holds roughly $130 billion in gold reserves, according to lawmakers.

business-standard.com/article/international/ukraine-invasion-us-considers-freezing-russia-s-gold-reserves-122032400034_1.html

Putinshills have no response to this.

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Can't eat gold.

>LIMITING DEMOCRACY
holy fuck I hate NPCs so fucking much

what a bunch of fags seething over gold they dont even have bc its in russia anyway

>step away from the mic to buy gold

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china has one of the biggest gold reserves on the planet. all this would do is cucking precious metal traders from the western world and strengthen russia-china trade lmao

Yeah good luck niggers

so, are they considering doing it or have they done it already?

The US is absolutely overplaying its hands. Its not as powerful as it think it is and other countries already started to act upon it. This Ukraine thing will be not blow in Russias face but the US's. Just watch and see.

theyll sell to china or india which will just further entrench their respective economies... are our politicians fucking retarded?

>Muh Gold
Russia can just mine it.

>Sell some gold in China if we need it
>Keep the rest for ourselves
>Russians buy what they want from China from this gold
Good luck with muh stronk suntions.

God damn we have a short sighted and stupid government.
In next week's news: "Russia announced they are only willing to accept Ruble, Yuan, or gold in exchange for oil. The Euro and US dollar will never be accepted for trade with any country."
And our own currency will suffer dramatically. Saudi Arabia is already trading outside of it, and Syria is looking strongly at doing so as well. These are just the beginning dominoes. If they start a cascade effect on other countries like Iran, China, or India it could realistically have catastrophic effects for the dollar.

Top fucking kek this

This confirms it, the USD won't be a reserve currency within months
I hope you loaded up PMs or at least crypto, gonna be a rough ride

Hasnt russia been building up its gold reserves over the past 15 years and now has one of the largest gold reserves?

Yes, they are retarded

USA is ruled by actual retarded geriatrics. This is flat out fucking embarrassing

>First they lose a war against a weaker smaller neighbor
Must be why that weaker neighbor is arming children and other civilians, as well as is screaming for help towards NATO every day. That means they've won already.

It's demolition.
There's no way they aren't aware.

US is a nobody at this point on the international stage. No one cares what this shithole says

Russia will sink the US in 5 years. Damn our elite is so beyond incompetent I wonder if they are intentionally destroying America

Whatever retard, I smashed the like and sub buttons so hard they'll be in moscow tomorrow

Chinese who trade in Russian gold would be subject to arrest and extradition to the US from any country on friendly terms with the US. A Chinese investor takes a trip to Singapore? BAM! Arrested at the airport, extradited to America, and raped to death by huge negroes. That's why these sanctions work.

Suck my dick loser

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So gold is money again?

Couldn't Russia then just start asking for payment in gold? Like they're doing to Germany, but with rubles?

>can't eat gold
>Hulagu Khan 1258 AD

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Holy SHIT
HOPE YOU GUYS BOUGHT ASIA BROADBAND (AABB)

boy that's a pretty faggy acronym

US can't do anything. You lost.

That's not going to happen

You think China gives a fuck? Holy shit we are doomed. Literally the countries that make nothing and buy everything are going to sanction the countries that make everything and buy nothing.