G7 TO BAN 15.5 BILLION IN RUSSIAN GOLD EXPORTS

Thats good right?

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>This measure will have global reach, shutting the commodity out of formal international markets," Britain said.
>Worth 12.6 billion pounds ($15.5 billion) to the Russian economy in 2021, gold is a major export for the country.
So more gold for Russia to keep? How is that bad for them apart for them not being able to pay for stuff with it?

Rev up those parabolic reflectors. We're back in business.

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Russia isn't exporting gold.
What the fuck are you even talking about OP?

Is Klitschko being a bit histrionic, or...
On an other note...
...in this current anti-petrodollar 'energy crisis', how does banning Ru Au help anyone but Russia? What am I missing?

>These billions they talk about is probably the amount of Russian gold currently on the market
Subterfuge.
Allow me to draw with crayons;
15.5 Billion per year in Gold removed from the global market will cause what?
Please respond in essay form.
>inb4source

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What exactly do you think the function of gold is? To look pretty and stockpile for high numbers or what? If we can't export our gold, it basically means that our gold reserves are frozen - even if they physically are in Russia and are not confiscated, we're not able to use the gold for payment to the west. China won't want to get involved either. That means that potentially there are some African countries that might buy gold from Russia and maybe Turkey (not sure about how they feel about it though) + the regular bad boy club - Belarus, Kazakhstan, Uzbekistan etc.

They sell it to china and india just like the rest fucking you zerohedge pet rock worshiper.

Let’s see…..supply and demand.
If there is less of something and people desire it more, prices will rise. Conversely, if there is more of something and people people desire it less, prices will decrease. Compare sand and precious gems. Sand is certainly useful but there’s an awful lot of it, so it’s relatively cheap. Precious gemstones are orders of magnitude more rare than sand, so the prices are correspondingly accurate.

Interesting timing with that discovery in Uganda.

Well J, it's good for the price of Gold, but bad for The World, as it is full on Proof Globalist plan on attempting to conquer Russia for its Gold, PM's, and Noble Gasses, not to mention its Oil.
They want the Gold to build up there so they can Raid it.
>inb4source

>Interesting timing with that discovery in Uganda
Impressive.
Anyone else?

any chance
this is actually extra subterfuge
to keep the goldback ruble in russia
and the silverback dollar at home

also would allow banks basel 3 regs time to structure their new asset portfolios
pic related

ps - good to see you RS
I hope you're having a great day

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>even if they physically are in Russia and are not confiscated
Better make sure those Nukes are in good working order if you want to keep your Gold.
The Globalist are coming.
>inb4source

Couldn't Russia use the frozen gold stock pile to back their currency?

>you zerohedge pet rock worshiper
Yet you Jesuits have destroyed many other Countries over the centuries so that YOU could have their "pet rocks".

Checked and correct.
Good to see you as well.
Miss Smithers.
Gods Country.

>Couldn't Russia use the frozen gold stock pile to back their currency?
>700
Correct.

>full on Proof Globalist plan on attempting to conquer Russia
Personally, this is beginning to remind me a bit of the mouse that roared. Is Europe about to have a very cold winter?

doesnt matter. china LOVES GOLD. SO DOES INDIA. AND WHY THE FUCK WOULD RUSSIA BE SELLIGN GOLD . MAJOR JEW COPE. STAY MAD.

Holy quints, Batman!
Checking on checked.
Kek confirms.