In Russia as I found out years ago and complained loudly about: I was not able to buy physical gold, silver, platinum and palladium except as paper only. The physical metal was not available from the banks in Russia…
Now they have changed all that and soon (Years end!), due to new rules and regulations, we can buy the physical metals in hand soon. It will be in rubles not dollars and will be available all the time not just an occasional fluke during an over the counter escapade, designed for the rich…
The Moscow stock exchange plans to transport precious metals from production companies, keep them in its own stores and deliver to the buyer the next day. The launch of trading in gold and silver on the Moscow exchange will boost liquidity on the market and attract more participants by these new financial instruments, RBC quotes Sberbank as commenting…
This is a major step in loosening the ruble as a world currency and backing it with gold and I expect China be be doing the same. You realize that war is not always a gun, but finances are a form of war also in the world… (Look for India to join the workings soon also!)
Bullion exchange is definitely a tool being launched by Russia as a attack at the root of paper money. I suspect that Russia and China realize that the USA (Nor the west as a whole!) does not have gold to back its currency and this kind of movement will set in motion the processes toward a stronger financed world…
It is all part of the new BRICS world order that is starting to unfold…
Post by Kyle Keeton
Windows to Russia…