It could also evade any sanctions. Because trading partners will also have to buy gold with their currency from other exchanges. Gold will inflate due to the demand proping up Russian currency.
Somehow these things don't always turn out like that. More Market turbulence in any event
Gold can be broken down into fractions. There is no such thing as "not enough." It is precisely its rarity and other features that makes it valuable. If you halved the amount of available gold on the planet then that would double the price. And would have zero effect on having "enough."
that happened awhile ago. this just rehashing old news for propaganda purposes to stabilize the ruble. in fact, i think they are temporarily suspending gold purchases by private individuals, but can't confirm.
That's not as cool as it could sound. You could buy gold from bank, but it is problematic to sell it back if you need cash, f,e,. And AFAIR, there already was no VAT for buying official gold/silver/platinum coins earlier. But if you want to sell your gold coin to the bank, the byuout price would be significantly lower and bank will charge you with something like "authenticity check fee" and "coins counting fee".
Gold and other precious metals sold by banks always were a way for removing or freezing money from population to cut the potential business grow. When you buy gold, the money you could potentially invest into business, or spend for goods made by businesses, just disappear from circulation. There are also other assets like state obligations that play the same role.
And the worst thing is that you can't use that gold to pay for something. There is articles in Russian Federation Criminal Code, that prohibit anything except Russian Central Bank banknotes for any local payments and a jail sentence for unauthorized circulation of precious metals bypassing banks with exception of jewerly. Even numismatists could fall into the problems if they will be caught on trade or exchange some noticeable worth of gold coins.
Of course you always able to ignore the law in person-to-person trade and we unlawfully use USD/EUR from time to time for trade, and certainly could use gold or whatever, but you have to be shure that another side of such trade deal is not some police shill and never disclose that deal to authorities.
"they get you coming and going" as they say. Play both sides.
I think Putin is a bolshevist jew. Being KGB is evidence enough. He's spoken about them being the reason for the coup but then tries to stoke patriotism when it was him murdering ethnic Russians the whole time.
as if the jew dollar isnt fucked lmao 40% of all money EVER printed in the past 2 years lmao lmao keep your money in dollars doos and banks and keeping getting assblasted by jews like a good faggot cuck goyim slave
It could also evade any sanctions. Because trading partners will also have to buy gold with their currency from other exchanges. Gold will inflate due to the demand proping up Russian currency.
Somehow these things don't always turn out like that. More Market turbulence in any event
That is the dumbest shit I've ever heard.
Gold can be broken down into fractions. There is no such thing as "not enough." It is precisely its rarity and other features that makes it valuable. If you halved the amount of available gold on the planet then that would double the price. And would have zero effect on having "enough."
That would only mean you have forged warehouse receipts.
Receipts that say you have x gold and you don't.
Abolishing a tax does not return them to a gold standard.
that happened awhile ago. this just rehashing old news for propaganda purposes to stabilize the ruble. in fact, i think they are temporarily suspending gold purchases by private individuals, but can't confirm.
https://www.kitco.com/news/2019-08-22/Russia-s-President-Putin-Cancels-VAT-on-Gold-and-Other-Precious-Metals-Investments.html
How is removing the tax on gold returning to a gold standard.
That's not as cool as it could sound. You could buy gold from bank, but it is problematic to sell it back if you need cash, f,e,. And AFAIR, there already was no VAT for buying official gold/silver/platinum coins earlier. But if you want to sell your gold coin to the bank, the byuout price would be significantly lower and bank will charge you with something like "authenticity check fee" and "coins counting fee".
Gold and other precious metals sold by banks always were a way for removing or freezing money from population to cut the potential business grow. When you buy gold, the money you could potentially invest into business, or spend for goods made by businesses, just disappear from circulation. There are also other assets like state obligations that play the same role.
And the worst thing is that you can't use that gold to pay for something. There is articles in Russian Federation Criminal Code, that prohibit anything except Russian Central Bank banknotes for any local payments and a jail sentence for unauthorized circulation of precious metals bypassing banks with exception of jewerly. Even numismatists could fall into the problems if they will be caught on trade or exchange some noticeable worth of gold coins.
Of course you always able to ignore the law in person-to-person trade and we unlawfully use USD/EUR from time to time for trade, and certainly could use gold or whatever, but you have to be shure that another side of such trade deal is not some police shill and never disclose that deal to authorities.
No, we're fucked.
Maybe Biden will toss out Powell and nominate this guy for Fed Chairman. What, can't I dream?
Rothschilds control the bullion market. This is Rothschild vs the jew kgb Putin.
Why was it TPTB are all Jews until Putin acts up and now it's TPTB are going against the Jew!
"they get you coming and going" as they say. Play both sides.
I think Putin is a bolshevist jew. Being KGB is evidence enough. He's spoken about them being the reason for the coup but then tries to stoke patriotism when it was him murdering ethnic Russians the whole time.
These are traps, don't fall for them.
as if the jew dollar isnt fucked lmao 40% of all money EVER printed in the past 2 years lmao lmao keep your money in dollars doos and banks and keeping getting assblasted by jews like a good faggot cuck goyim slave
America has interest on EVERY dollar it has in circulation, from a technical standpoint Americans have 0 dollars. Yet they keep on trucking.