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originally posted by: RelSciHistItSufi
a reply to: crankyoldman
cranky, worth considering the price the Russian central bank is offering for GOLD - per your "Gold Telegraph BREAKING NEWS":
5,000 Roubles per gram...
Exchange rate = 102 Roubles/US Dollar,
Therefore $49.02/gram... or $49,020/Kilogram bullion bar.
There are 31.103 grams per Troy Ounce = $1,524.7/Troy Ounce.
Per Silver Gold Bull the US spot price is currently $1940/Oz or $62,379/Kg
So Russian central bank is offering 21% less than the US spot rate!
Is this by design; to bring down the US price of Gold?
Think what that will do to bank balance sheets across Europe/U.S. - they will need to buy 21% more Gold to avoid being hit by Basel III - and going bankrupt!
It appears the Bank of International Settlements measures Basel III compliance annually on June 30th... and the Russian central bank gold price is fixed UNTIL June 30th!
originally posted by: duncanhidao
originally posted by: angelchemuel
a reply to: Thoughtful1
You have drive through pharmacies??????!!!!!!!!
Rainbows
Jane
originally posted by: duncanhidao
a reply to: Caled
Who is will smith?
Q !!mG7VJxZNCI ID: 089200 No.4281049 📁
Dec 12 2018 19:01:15 (EST)
Anonymous ID: 376ff2 No.4280876 📁
Dec 12 2018 18:57:57 (EST)
>>4280189
Q: Do we have the gold?
>>4280876
Yes.
Gold shall destroy FED.
Q
originally posted by: crankyoldman
originally posted by: RelSciHistItSufi
a reply to: crankyoldman
cranky, worth considering the price the Russian central bank is offering for GOLD - per your "Gold Telegraph BREAKING NEWS":
5,000 Roubles per gram...
Exchange rate = 102 Roubles/US Dollar,
Therefore $49.02/gram... or $49,020/Kilogram bullion bar.
There are 31.103 grams per Troy Ounce = $1,524.7/Troy Ounce.
Per Silver Gold Bull the US spot price is currently $1940/Oz or $62,379/Kg
So Russian central bank is offering 21% less than the US spot rate!
Is this by design; to bring down the US price of Gold?
Think what that will do to bank balance sheets across Europe/U.S. - they will need to buy 21% more Gold to avoid being hit by Basel III - and going bankrupt!
It appears the Bank of International Settlements measures Basel III compliance annually on June 30th... and the Russian central bank gold price is fixed UNTIL June 30th!
good catch.
Two things on that, Russia decides what is best for Russia, not the Roths etc. So Russia determined the figure based on some internal long term calculation. It isn't random.
If we assume Russia is the driving force on the change, and they are out front, then we can assume the level playing field will follow. Ergo, once Russia pegs and begins transacting, the rest of the world must follow suit - if they are the start.
The second part is I have absolutely zero feeling that Russia, the economic collective and not the teeeveee boogieman, has designs on destroying the world through monetary policy. Quite the opposite, they are hell bent, and will succeed, in destroying the Roths/Fed etc. in favor of "the level playing field."