March 25 (Reuters) - The Russian central bank will restart buying gold from banks and will pay a fixed price of 5,000 roubles ($52) per gramme between March 28 and June 30, the bank said on Friday.
The central bank, which suspended gold purchases from banks in mid-March to meet increased demand for the precious metal from households, said the resumption of buying would help ensure sustainable supply and the uninterrupted functioning of gold producers.
It's begun. It's upon us.
>gold 1953 oz - 0.6% on the day
Holy fuck that is huge, a whole country with a gdp half the size of texas is buying some boomer rocks apparently cause this msm news article says so no wonder the price is le mooning
multi asset and military backed stable coin, on waves
No one is going to exchange gold for worthless russian monopoly money
Why?
$1617/oz? lmao good luck
Amen brother, crypto chuds BTFO'd by GOD'S MONEY!!! hallelujah!
Didn't read, just posting this kino webm.
>iStock
Goldchuds too poor to pay for royalty free fucking kek
>price fixing
lmao gold chuds btfo
>buying stock videos to post on Any Forums
What happens when they demand all oil purchases are done in gold?
>being too poor to buy something
Kek. Keep cope goldchud
um its watermarked
Then the jews will dump another trillion dollars of paper gold into the market.
>GDP in USD
You keep using that currency
I do not think it's worth what you think it's worth
Link
>only buys into pumps
never going to make it
to avoid incurring the cost of further Ruble collapse
Because you can then sell the physical gold while keeping it in your reserve on paper, allowing you to spend it and use it as collateral at the same time.
That is at least why I would do it...