Perhaps they sense a widespread manipulation leading to a crash on price us afoot.
On Thu, Apr 2, 2020, 12:57 AM Zenaan Harkness <[email protected]> wrote: > In a most interesting turn of events: > > Why Did Russia Just Halt Domestic Gold Purchases? > > https://www.zerohedge.com/commodities/why-did-russia-just-halt-domestic-gold-purchases > > .. "Since April 1, 2020, the Bank of Russia has suspended the > purchase of gold in the domestic precious metals market. > > .. This would have a manifold benefit by helping enable increased > ownership of physical precious metals around the world, and potentially > supporting the case for more de-dollarization. > > .. Given the huge physical premiums in precious metals (and a plunge > in crude profits for the nation), it would make sense to enable producers > to sell into global markets at a sizable profit > > What will [current Russian gold reserves of] $120 billion (at > current prices) be worth when the dollar dies? > > > > Interesting times... >
