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Russia, China Lay Groundwork For BRICS Transactions in Gold
Topic Started: Mar 31 2017, 02:00 AM (405 Views)
Siberian
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"In China, gold is traded in Shanghai, in Russia, Moscow. Our idea is to create a link between these sites in order to intensify trade between our marketplaces."
Recent progress made in streamlining trade in local currencies has brought Moscow and Beijing closer to creating a financial architecture that could facilitate transactions in gold.
http://russia-insider.com/en/russia-china-lay-groundwork-transactions-gold/ri19355
Goood morning GULAG!!!
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Siberian
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along with THIS NEWS it shows which countries will be the least affected when Dollar finally collapses into hyperinflation and the international trade stops .... :)
Edited by Siberian, Mar 31 2017, 02:03 AM.
Goood morning GULAG!!!
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Robert Stout
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Both China and Russia are suspected of holding very large amounts of gold............ :dunno:
Jesus can raise the dead, but he can't fix stupid
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Siberian
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Robert Stout
Mar 31 2017, 02:29 AM
Both China and Russia are suspected of holding very large amounts of gold............ :dunno:
yes, Russian central bank for last 5 years has been the biggest buyer of gold regardless of oil prices, rate of rouble and price of gold... :)
Goood morning GULAG!!!
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Drudge X
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Robert Stout
Mar 31 2017, 02:29 AM
Both China and Russia are suspected of holding very large amounts of gold............ :dunno:
Then US will find ways to crash the pricing just like when the US crashed the oil price on purpose.
Kate Steinle was separated from her family permanently but leftists didn't seem to mind.
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Siberian
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Drudge X
Apr 1 2017, 03:38 AM
Robert Stout
Mar 31 2017, 02:29 AM
Both China and Russia are suspected of holding very large amounts of gold............ :dunno:
Then US will find ways to crash the pricing just like when the US crashed the oil price on purpose.
and? is it supposed to make it harder for Russia to expand our gold reserves? :)
Drudge, understand one simple thing, laws of economy = laws of phisics. Energy cannot be taken from nowhere and to just disappear. Price cannot be artificially set for a long time - if disbalance happens -> either prices will eventually change or it will lead to deficite either of money (deflation)or goods (inflation) - depending to what side balance is broken. So , manipulations canot go on forever and bigger the disbalance is - more painfully it will be rebalanced.
Goood morning GULAG!!!
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Robert Stout
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Siberian
Apr 1 2017, 09:02 AM
Drudge X
Apr 1 2017, 03:38 AM
Robert Stout
Mar 31 2017, 02:29 AM
Both China and Russia are suspected of holding very large amounts of gold............ :dunno:
Then US will find ways to crash the pricing just like when the US crashed the oil price on purpose.
and? is it supposed to make it harder for Russia to expand our gold reserves? :)
Drudge, understand one simple thing, laws of economy = laws of phisics. Energy cannot be taken from nowhere and to just disappear. Price cannot be artificially set for a long time - if disbalance happens -> either prices will eventually change or it will lead to deficite either of money (deflation)or goods (inflation) - depending to what side balance is broken. So , manipulations canot go on forever and bigger the disbalance is - more painfully it will be rebalanced.
Oil will soon go below $40 a barrel due to increased supply and the death of OPEC within a year....... :biggrin:
Jesus can raise the dead, but he can't fix stupid
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Robertr2000
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Posted Image

:love:
"if that **** wins we'll all hang from nooses"
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Siberian
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Robert Stout
Apr 1 2017, 09:57 AM
Siberian
Apr 1 2017, 09:02 AM
Drudge X
Apr 1 2017, 03:38 AM
Robert Stout
Mar 31 2017, 02:29 AM
Both China and Russia are suspected of holding very large amounts of gold............ :dunno:
Then US will find ways to crash the pricing just like when the US crashed the oil price on purpose.
and? is it supposed to make it harder for Russia to expand our gold reserves? :)
Drudge, understand one simple thing, laws of economy = laws of phisics. Energy cannot be taken from nowhere and to just disappear. Price cannot be artificially set for a long time - if disbalance happens -> either prices will eventually change or it will lead to deficite either of money (deflation)or goods (inflation) - depending to what side balance is broken. So , manipulations canot go on forever and bigger the disbalance is - more painfully it will be rebalanced.
Oil will soon go below $40 a barrel due to increased supply and the death of OPEC within a year....... :biggrin:
OPEC is a walking dead for a long time already, and it will exist forever in its recent condition :)
What has changed in the World so much that oil first jumped to $150 (?) and then dropped to $30? In the world where oil prices are not manipulated, consumption of oil =production= business activity must lose tens percents to make oil prices collapse so much. Or oil production must rise for the same %. Nothing of that happened. What happened is - first shale boom - the US had to finance it somehow, and then the West wanted to punish Russia. Oil prices are heavilly manipulated by the biggest US banks, along with gold prices.
It may take place for a long time, but not forever. Oil may not cost $150 if manipulation fail, since in case of total crash raw materials will crush first. But gold will skyrocket, it will be ten times more expensive, or tens...
Edited by Siberian, Apr 1 2017, 06:11 PM.
Goood morning GULAG!!!
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