sixgun

Another lion in the pride. 

Bank of Russia Resumes Gold Buying After Two-Year Pause
https://finance.yahoo.com/news/bank-russia-resumes-gold-buying-190114643.html
Preparing for the real great reset.

Maguire said on Saturday that Russia has certainly been on the buy in the gold markets. 
Now why would they do that?
Try trashing a gold backed rouble - i would expect China would do the same at the same time. This was going to happen sooner or later - the USD and other Western fiat would be smoked.

Another lion in the pride. 

i thought you were joking for a second and then i realised it was to coincide with the MOD sending out a squadron of Spitfires to the Ukraine.

The bosses of the oil business - Russia and Saudi have been selling to China in yuan for several years. i heard of suggestions that Saudi would be selling in yuan as far back as 2016. If you pour through Saudi Aramco paperwork you can find the company has been selling yuan denominated bonds. For sure Saudi has been selling oil to China in yuan  since September 2019. This is all part of global de-dollarisation which on the whole goes under the radar. 
i note that Saudi and UAE has refused to increase production - start cutting off Russian oil and you have an oil crisis in Europe. Russia is not alone. There are many old scores to be settled.
Having the world reserve currency is a privilege which comes with responsibilities. The US started abusing the dollar back in the 1960's and reneged on Breton Woods in 1971. The US has used the dollar as a weapon - sanctions are threatened at the drop of a hat. They have killed the dollar - we are now witnessing the funeral.

The bosses of the oil business - Russia and Saudi have been selling to China in yuan for several years. i heard of suggestions that Saudi would be selling in yuan as far back as 2016. If you pour through Saudi Aramco paperwork you can find the company has been selling yuan denominated bonds. For sure Saudi has been selling oil to China in yuan  since September 2019. This is all part of global de-dollarisation which on the whole goes under the radar. 
i note that Saudi and UAE has refused to increase production - start cutting off Russian oil and you have an oil crisis in Europe. Russia is not alone. There are many old scores to be settled.
Having the world reserve currency is a privilege which comes with responsibilities. The US started abusing the dollar back in the 1960's and reneged on Breton Woods in 1971. The US has used the dollar as a weapon - sanctions are threatened at the drop of a hat. They have killed the dollar - we are now witnessing the funeral.

The bosses of the oil business - Russia and Saudi have been selling to China in yuan for several years. i heard of suggestions that Saudi would be selling in yuan as far back as 2016. If you pour through Saudi Aramco paperwork you can find the company has been selling yuan denominated bonds. For sure Saudi has been selling oil to China in yuan  since September 2019. This is all part of global de-dollarisation which on the whole goes under the radar. 
i note that Saudi and UAE has refused to increase production - start cutting off Russian oil and you have an oil crisis in Europe. Russia is not alone. There are many old scores to be settled.
Having the world reserve currency is a privilege which comes with responsibilities. The US started abusing the dollar back in the 1960's and reneged on Breton Woods in 1971. The US has used the dollar as a weapon - sanctions are threatened at the drop of a hat. They have killed the dollar - we are now witnessing the funeral.

Fair assumption. Rouble down 28% at start on Monday trading.
Interestingly they have apparently set up a oil/gas for Rupees trade with India. 
"While many may see Russia’s delinking from SWIFT purely as an evaporation of access to dollars, on the other side of the transaction, Russia will now be selling its oil for other currencies. India and Russia are already in talks to set up an Oil for Rupee trade. Russian exporters are reportedly opening bank accounts in New Delhi so that they can trade on rupee terms. India has a long-standing relationship with Russia, who supplies them with gas, coal and fertilizer. With the Saudis dropping their exclusivity agreement with the US dollar agreeing in 2021 to Oil made its first pass triple digit psychological resistance on Thursday.
 
Seeing sanctions on major Russian exports Oil and Gas initially saw the two move higher as markets priced in reducing supply. When the second tranche of sanctions were effectively more of the same (i.e. more sanctions on banks, export ban on technology to Russia, more restrictions on individuals in Russia), markets saw that there was no further targeting of oil and gas. With that, prices in the two energy commodities cooled off. Russian oil accounts for approximately 9% of global output.
However, these market reactions, as well as the raft of other sanctions, were most likely expected by Russia. We have drawn readers’ attention multiple times to the Russian Central Bank’s accumulation of gold reserves over the last number of years. Being kicked out of SWIFT upon their ‘crossing of the Rubicon’ can’t be coming as a surprise to Moscow. If leaving SWIFT leaves the western world without Russian oil, cost of living pressures at the petrol pump are about to start heading north in Western Europe. "
https://www.ainsliebullion.com.au/gold-silver-bullion-news/swift-russia-and-shifting-tectonic-plates-in-payments/tabid/88/a/2707/default.aspx
 

Another lion in the pride. 

Another lion in the pride. 

Another lion in the pride. 

Another lion in the pride. 

Another lion in the pride. 

Another lion in the pride. 

Another lion in the pride. 

Another lion in the pride. 

Another lion in the pride. 

Another lion in the pride. 

1 oz gold Beast
   

Another lion in the pride. 

Another lion in the pride. 

Another lion in the pride. 

Another lion in the pride. 

Another lion in the pride.