Russian Gold Banned - Watch What Happens
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- Опубликовано: 7 сен 2024
- Watch what happens as G7 countries ban imports on Russian gold potentially affecting Russia's ability to prevent a debt default. Is the gold standard dead? What does this mean for the price of gold?
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Thank you!
They won't stop the Russian's from selling their gold, gold has the broadest base of buyer in the world! There is a very good reason why Basel III has physical gold on tier 1 and declared "Gold held at home holds no political risk". Once in someone's possession, physical gold is untraceable so the government won't have a clue who is or isn't buying Russian gold. Besides, the two biggest gold buyers in the world are the Chinese and the Indians.
Definitely world supply of Russia gold has not been stopped.
I’m in Canada and whenever this embarrassment of a Pm we have makes an announcement I’ll be doing the opposite of what he wants.Cheers
Mate your pm is like the nz pm. They are both involved with WEF plan. True fact. Look it up. They were both pushed through the WEF program early in there political careers. Placed in position awaiting orders. Look this up
@@darrenheapy1265 I’m well aware of this incompetent corrupt liberal governments involvement with the Square Head Klause and his beliefs.Cheers
Always, always....!!
💯 solid plan. That guy is horrible. So is the guy "running the show" in the U.S. I tend to do the opposite when it comes to what he wants too. That is if I can make out what he's trying to say. 🤣
@@constitutionalstacker5701 🤣🤣🤣
It’s not really a default (bond issue) when the government blocks payment. Some analysts are predicting bond holders may take legal action against the Biden admin over this.
When has truth and reality ever constrained the liberal agenda?
@@mrmc2465 great point 👍
in reality the ban on Russian gold will not affect the market at all because Russia's government for the last 10 years has bought all gold mined inside the country they really do not export gold.
Sure ?
I live in México i use to be able to order metals from the bank , recently its been imposible banks say there is no transport or none in stock , etc complete lies they do have it at the vaults and i have been told so by people that work there , but for some reason they give excuses to not sell it and it is to dangerous to buy at a coin shop and travel with it , it sucks...
Damn.
Its a big lie the governments around the world as well as the banks are buying all the previous metals and hoarding. Its the only real money they want the world to be poor with our hands out asking for food....
I live in Chihuahua MX and I go every other weekend to Banco Azteca and I get my silver libertads for $28 each 🪙
I expect the price to go lower
Mexico is still the largest silver producer in the world. I am so sorry that Mexican lawmakers did not monetize silver. That would have been awesome for Mexico and might have forced the US to start making sense again.
@@bribri6985 28 a Libertad is excellent
I was eagerly awaiting your opinion on this and you didn't leave us hanging. Cheers!
Thanks for joining!
@@2is1gold i have been stacking gold for a wile and i learned that gold get high when somthing bad happens to the world and when somthing bad happens i get exited is that normal for gold stackers or its just me ? :\
@@medoali5626 As a gold buyer and stacker, I have to say that I am not rooting for bad things to happen. I already know that bad
things are happening in the financial world and that this alone is enough to propel gold prices much higher than they are now.
The ban on Russian gold has no effect on me. Like you said, China can pick up their offers. Personal buyers like me, we don't buy enough to effect the market either. It is the big buyers, governments, that can effect the value. More important to me is all this food shortage I keep hearing about, and the fact Bill Gates is buying massive amounts of farm land. THAT to me will effect the value of gold more than anything because it can lead to more inflation. Just an opinion, and I'm not educated in this area enough to make my opinion worth much. I'm sure there are a lot of people who can shoot holes in my reasoning.
Common Sense is Reasoning. . . Education has no real life value, first hand knowledge. . .Is Gold!
Keep your PHD's toilet knowledge.
I know many young adults working in pizza places, wondering, how is it I owe 40,50,60 thousand for college and can't get a job. or, What the f . . . did I go to college for, If I can't get a job I was way qualified for before debt.
I personally belive the gold/silver prices are artifically manipulated to keep the prices low so millionaire/billionaires and gov'ts can buy it cheaply. Gold should be around $18,000 an oz and the real ratio should be 10 to 1 with silver not 80 to 1. Eventually there will be a correction and it will be painful for most people.
The government could back the dollar 1:1 at roughly $8000/oz price. Read a FRED H.4.1. report. Federal reserve notes are levered around 4:1 against treasury gold at current prices.
Gold and Silver are a joke!!
I agree with your points only I just do not believe rich people have any stored gold. These individuals are completely brainwashed to accept debt as wealth. I know its eff up but it's a fact. Only central banks and gangsters have the actual bullion talking tons.
@@PizzieNizzie nope. Rickards did the math. The arithmetic is much more... however can we agree its higher than this pittance 1830 per oz?
@@qwaszx2 🤪🤪🤪 obviously you haven't read about jp Morgans fraud settlement spoofing the metals market hugh? It was nearly a billion. Chew on that for awhile please
Living in the HK - Shenzhen area for years now and I stack as I know with the self imposed lock downs and covid control scam, the RMB and the Chinese economy is as bad off as the US economy is. Here silver is 30 USD+ an ounce and gold is the same as the daily world rate.
Stay safe!
Get out if you can
You need to get out more...
if it is as bad as US. why don't you leave China?
thanks for letting us know
Remember Gold is not an investment, it is insurance. You buy it at a premium and sell it at a discount. Its only advantage is that it can never lose its intrinsic value.
I dont care that dosen't attract interest, I'll take my chances that it may accrue value over time. I sleep well knowing i hold this metal.
But if the value of gold increases by 2.5% you've offset the sale costs and if it goes up more than that you've made money. It's peace of mind in a crazy world run by a printing press
I predicted a while back that 3 things are gonna happen....
#1 they will start raising interest rates
#2 housing will crash
# 3 the market will follow
I had a fellow that argued with me and pretty much called me an idiot."they will NOT raise interest rates" and gave his reasons.
Now I might have been wrong,but only in the order in which it will occur. Now comes the #4..."you won t have anything and you will be happy". And that s not me saying that.
IMO, that "You won't own anything and you will be happy" is a crock. The truth is that we live in a world where ownership is valued and
because of this value, one can build their wealth via owning things. This can be land, a farm, a small business, stocks, PMs, and other
kinds of real estate. Fine art, antiques, muscle cars, jewels, and other things also have a good record of maintaining their value. I
believe that it's less about the things themselves than the fact that anyone can own them that is under assault by the self-anointed
"elites". Because they are greedy means that THEY want to own everything and they want us to rent what we need from them. IMO,
it's just not happening and we can all take steps to ensure that it does not happen. Getting completely out of debt is the 1st and best
step along this path in life, IMO.
No argument with your predictions. They seem spot on to me and I also have thought along this same line. But it will be interesting
to see if / when / and how fast the Fed backtracks on their interest rate tightening policy. It's not like this would be a 1st for them.
Interest rates should have been raised much sooner and more gradual than the FED is doing it. Big changes make the market skittish. Regarding the economy, the biggest issue is government spending. If you raise interest rates you inhibit economic growth but at the same time you do want to reduce the money supply to fight inflation. How do you do that? Stop government spending. The government does not create wealth, only redistributes it. They take money from the productive sectors of the economy and send it to the non-productive sectors of the economy. The only real way to fight both inflation and recession is tax cuts while maintaining a relatively deficit free budget. That has worked every time it was tried. From Calvin Coolidge, John Kenedy, Ronald Regan, Donald Trump. It works every time. Even under Bill Clinton, we had a balanced budget and enjoyed prosperity. As President Regan put it "Government is not the solution to our problems, it is the cause of our problems."
@@edb3877 Always remember, you only own those things that no one knows about.
Hope you're wrong about that.
@@elizabethmurray5718 I wish I am too.But history shows that they wait long enough for people to forget what they did to them 15yrs ago and just get comfortable before they clean them out again.If you remember a while back when they artificially inflated the market.Foreign governments heavily invested in U.S stock market than they pulled the rug from under them.It almost bankrupted Japan,Greece and couple other countries that invested in our market.They collapsed the market kept the money here and those countries were on a verge of economic collapse.In fact I think Greece had to be bailed out.They did the same thing with American home-owners too.They are banking on the fact that people have a short memory.And they do,and they are right.And the time table is just about right too.Only this time it will be on a bigger scale.Remember what I told you.
I don't buy gold because of it's cash value. I buy it to be with it.
Still buying gold. Seems like prices have "stabilized" somewhat. Just shopping around for reasonable deals, they are out there. Good video, thank you!
Good luck!
Russia already lowered interest rates to 15% down from 20%.
Dealers for the most part are using Kitco for gold and silver spot prices not yahoo or google.
The ruble is in a much better place now.
interest rate is 9.5% and mortgage is 7%
My desire to buy gold was already at max, so no change.
It's amazing how much they care about these barbarous relics.
Ha, true.
Yes, it is, and it is pretty clear now that there is a large discrepancy between what they SAY and what they DO.
It's not as if the bankers are anti-gold. It's that they are anti-us having gold. Them having gold is just fine.
Barbaric relics is better than paper money any given day
Interesting video. I always find it amusing when the 'higher ups' argue about Russian gold and French gold and Chinese gold and so on. I once heard a story about 3 fleas living on a dog, who were fighting about which of them owned the dog. Their activity irritated the dog so much that it started to scratch. The fleas thought they were experiencing an earthquake just before they got ejected.🐕
So in this analogy, gold is the dog. The G7, Russia, China, India, etc those are the fleas.
@@josephkramer932 The dog is the planet, the dog's blood is all mined material including gold. The fleas are 'the super rich but stupid businessmen who do not care about the planet or anything on it and war with each other for supremacy. P.S. there is nothing wrong with the precious metals in themselves.
@ No it was a load of BEAR.
Whatever happens to gold prices I win. If prices go up my investment is worth more and I am that much closer to retirement, if prices go down I back up the truck at my local dealer.
🤜🤛
Russia will not default, they are being prevented from paying! Get your facts straight please.
You're complaining to the wrong person. The headlines say they already have. If you listen to what I said, it's "when and if they do".
They won't default because people will still take their gold, oil, and rubles. Saying Russia will default is the result of consuming way too much propaganda.
Real Gold backed currencies will prevail, doesn't matter what your political ideology is.
I’m surprised you haven’t covered the gold ore found in Uganda
It hasn't been verified.
It's Wacanda
I don't see this "ban" on Russian gold as being all that effective, so while on the surface it might look like
something that would decrease the amount of gold available in the market, the effect is likely to be minimal.
I agree completely.
@@2is1gold 👍
Never use price in fiat to value your stack. Use a commodity such as a acre of farm land
I am buying physical as a routine buy, regardless of price
I've wanted to buy gold since the 1980s and my broker always talked it down. I wish I would have. Gold has gone up a lot since then. The Russian gold thing doesn't bother me whatsoever. Our government printing money like it's a monopoly game bothers me. I invested in gold when it was down and covid was raging. I did it to protect myself. I figure the dollar can fall to fifty percent, UT gold has always held its value pretty good. Maybe I'm wrong. However I sleep better at night. When I step off this earth, my grandkids will have quite a surprise.
Brokers are drug dealers who do not want to see you in financial rehab (gold and silver coins).
Brokers don't get much of a cut.
This is why each of us needs to become our own broker. We can do that via learning a lot more about investing and then handling our
finances on our own. I have no broker and have been managing my own finances since the early 1980s. Thanks to that and a good
financial plan, I was able to retire comfortably at age 55 in 2004. Anyone with average or better intelligence and the desire to succeed
can do this. It's not magic or rocket science, although some in the broker guild will strongly suggest that it is.
But here's the issue with brokers and PMs: 1) many of them get paid based on how much money they manage for their clients; 2) once
money is withdrawn from their control and used to buy PMs, that money rarely ever returns to their control; and 3) the buying and selling
of PMs does not generate any income for the broker, hence no interest on their part. But as you noted, the rise in gold prices since the
1980s has been impressive, to say the least.
Check out Peter Schiff. He predicted the housing bubble and knows economics
Never liked the term broker. I nearly went broke listening to one.
Great channel! Personally, I will continue to acquire gold (and when unable to afford, which does happen, then silver as well) until I am unable. It is a long term commitment and savings vehicle, for me.
Thanks! 🤜🤛
yet another layer of flooring underneath the price of gold
Yeah.
The war has nothing to do with inflation. Inflation was well on its way before the war. It all has to do with money printing!
Gas and other commodities have spiked due to the invasion.
I figured there might be a move in the price but I had assumed it would be small. This isn't going to change my desire to have more gold especially with inflation running hot and the economy feeling like it's sputtering. Thanks for the thoughtful, measured approach!
Isn't changing mine either. Cheers!
what I do not understand is inflation is at 8.5% which is more like 17% and gold is flat at best. Is gold overrated? or is the market being manipulated.
It’s not inflation, it’s the purchasing power of the dollar that’s gone down. So with inflation around 10-20% in dollar terms for other things, yet physical gold hasn’t moved, it’s like physical gold is at a 20% discount right now if buying gold with dollars.
Petro dollar was dumped by the world, no thanks to Biden.
You'd think gold price would be a lagging indicator, and I agree with that. We'll see if there's more at play in a year or so. Cheers!
Yeah but Gold is down to 2011 highs. Inflation from 2011 to now has got to be minimum 40% and that would put Gold at $1100 buying power. Silver even worse at 2008 highs!
@@kidvinie6491 why would you compare against a spike 11 years ago?
@@2is1gold Because Gold is supposed to be an inflationary hedge and inflation has risen since 11 years ago whereas Gold hasn't or am I missing something? The way I see it is that Gold in 2011 at $1800oz should now be + 40% or $2500 to be in line with inflation.
Not sure what to do with this info. Will wait and see. Thanks for the video.
HODL. Been putting capital into other assets and also stacking fiat for a market crash aka upcoming bargains.
🤜🤛
If you are buying gold for its precious metal value compare you purchase against spot price. If you are buying for numismatic value, consider what you can get when you sell it on the market. For myself, I don't buy gold as almost all available coins have a numismatic markup. There are other options available that do not carry the markup.
You don’t buy gold or you don’t buy numismatics?
With the creation of gold/silver ETF’s, many will sell off when the market tanks to cover their bets, I’ll be buying gold and silver then.
"Gold is the reason for these wars we wage". Something cataclysmic is gonna happen in 2022. This event or ,events will change the landscape for a long time. Figuratively and literally I fear
. At that point the 3gs are all going to shine. Garden,gold,and guns
Let's hope not.
Lets get er done
I think we have definitely got the three p's, namely: Putin, Psychopath and Pointless.
What happens to physical gold in high inflation? Thank you :)
I see that you listened to my advise.Not so much playing with the damn coins. LOL
What is it people don t get? When Turkey and Azarbajan buy metric tons of gold for their central banks does that not send a signal to some people?And they are not the only countries doing that.And....if there is people out there with those Russian coins,please feel free to contact me.So I don t have to travel to Europe to get them.Don t look at gold as going up,its more like your dollar value has depleted.Your buying power with the dollar is only gonna get worse from here on.When gold hits $3000 you will wonder what happened.Nothing changed.Your dollar just lost that much value in short.
$3000?? I won't be wondering anything then, I'll be dead.
Playing with coins constitutes about 15% of the reason I click. 50% when the title is only mildy interesting.
I'm right there with you, Nick. When a US $20 gold piece sells for 100x its face value, it's pretty clear that: 1) it's the same coin that was once
tradable for a $20 paper bank note or US gold certificate; and 2) 99% of the value of the paper bank note has disappeared. That's why it now
takes 100x as many of them to buy that same gold coin.
No doubt. I wonder how long the COMEX can keep the manipulation up or people just tell them and their paper market to pound sand and set up a new standard for determining the value of gold.
The market rig will affect the price far more. If they want people out they crash both. Which is fine ….. sooooo I buy MORE!
There will always be room for gold in my portfolio. Period.
🤜🤛
Yeah the Russia/Ukraine saga doesn't really impact my PM purchases. There's too much at home to worry about first.
Agreed. The roundabout way is higher gas and food prices. Chers!
@@2is1gold Exactly... which is yet another reason to stack PMs. In retirement, they can be sold off over time to increase one's
spendable income. An oz. of gold or its equivalent amount of silver sold occasionally makes a very nice addition to one's
ability to maintain a much nicer standard of living. High inflation could very well necessitate this.
I just keep on buying. It's a habit.
Good habit!
……it feels more like an addiction. That dopamine spike when you buy - wow.
When I read about Russia my immediate reaction was to buy another oz. Calmed down and staying with my plan/intervals. If something happens I have what I have at that point. Nothing more I can do. I did pickup some silver to scratch the itch on a dip.
Nice!
Sanctions are just opening the market for Russia to gain different customers. Russia 🇷🇺 is being sanctioned but their selling just as much or more oil than before.
Yep.
hahah "Happy idiot purchase" I'm guilty of a couple of those...
great episode, and im amazed with the consistency of the high quality of content in each of the episodes.. not an easy thing to do.
Thank you!
Very interesting. I also liked the visuals. Thanks
Everything is a facade when it comes to the stock market. There are still WAY too many buy ratings on many companies..when we are clearly in a Recession and Bear Market..the one true test of time is GOLD N SILVER..
🤜🤛
All I gotta say 2 is 1, is that Gold & Silver are probably not done falling just yet. The stock market is expected to continue to dip for the rest of the year (overall, not day to day), and that will drag down Metals too. I’m hoping for $1,600 Gold and $17 Silver. Adding more at lower prices will always work out in the long run.
Now I am a newbie, but I was thinking this too. Much like 2008, there was a sell off. You got to think at some point, there will be a sell off. I think we see that before the price goes up. Now, just like 2008, I think it goes back up... went from $1000 down 250 to 300 then shot up. I am sure I am wrong, but any thoughts on that?
If we look at history, market crashes have resulted in significant price increases for gold. Hard to say for sure. Cheers!
@@2is1gold Not at first. First comes the fall during liquidation, and margin calls. Then comes the rebound of the safe assets, with scared money looking to move out of unstable equities. Last big fall (Covid not included) took about 2 years for the rebound. Don’t expect that rebound to snap back so quickly, but instead, look to add to your position during the fall.
@@victorfrankenstein50202 no question. I might have been speeding when I saw your long term comment.
Great video! And congrats on 40k subscribers 🎉 I’ve slowed down, but now that spot has declined, my trigger finger has been getting itchy 🤣 I have the goal of a couple more Eagles then I’m going to get back down to lassoing some more Buffalos! Best wishes to all!
Thanks Michael! Good luck catching those Eagles!
Everyone is going to do that. Everyone will take Russian gold and melt it down. Impossible to prove in the end. I am sure credit suisse doesn't care too much. Nor will many countries.
Thanks for posting this update. It was reassuring. 👍
🤜🤛
A High Interest Rate on Any Fiat
makes that Fiat more Valuable.
** I’m waiting until Gold Drops into $1700’s
So close...
Doesn't really relate to the topic but silver is in very big trouble and gold is desperately trying to stay above 1800, is gold in trouble?
Canada banning gold? Must be a comedy special. Canada officially holds zero gold reserves.
Yeah, that seems 'symbolic'.
Inflation is up, price of gold is DOWN! how does gold protects my savings?
Inflation is up, stocks / crypto / whatever is DOWN!
I’m a beginner and now have silver and gold. I tend to buy only for the value and the lowest premiums I can find. I have a few coins but am such a novice. Don’t really know what I’m doing. I will watch you gold coins 101.
I made a "happy idiot purchase last year", the only gold buffalo to shuffle through my town. Don't sweat it! Stack long and prosper! LOL!
🤩
They can simply funnel the gold through Istanbul, Dubai or China. Turkey and China both mine a lot of gold and have huge thirsts for gold and happen to be near Russia. Dubai takes anyone's gold. This won't change the gold market at all.
On top of that, the LBMA already de-listed them.
And now gold is at 1737.00. Think the g-7 is trying to make the price of gold worthless so when they come out with their "new money" nobody will have anything to fall back on. So it'll be their way or starve.
Thank you for the video ! smart.
🤜🤛
Russian gold will just get bounced around or laundered. This will stop nothing imho.
Yup!
There were hints the price would fall I expected it to fall more than this.
Their will always be buyers and sellers regardless of what governments do
Agreed!
Yes, there will... and sometimes BECAUSE of what governments do.
I love the gold stacks and the news but I really know where you get your books from, they always look amazing and the hard covers look mint and would make an excellent edition to my library
Check out Easton Press.
They did it deliberately in terms of timing to ensure that Russian defaults
It's definitely aimed at prohibiting their liquidity. No doubt.
That won't cause Russia to default, lol. You have been watching too much propaganda.
They are still not taking Bitcoin. Which has real value?
Where do yo buy under $1,850 I can’t find a buffalo under $1,950
I was talking about the spot price being under $1,850. Cheers!
Sd bullion I believe got the best price
Two words “Sell by proxy”…… oooo sh….t that’s 3
Yes, its fun that you are buying gold bullion. The important point is that gold is being kept in the limelight. Gold is so much more important than the Dollar. The importance of gold's role in the next few years cannot be over emphasized. Russia is making some smart moves in regards to its gold. The US has made many bad moves when it comes to gold. Our nation isn't even serious in regards to an inventory of its gold.
Yeah, it's hard to separate strategy from tragedy here, but the US seems to be a step behind here.
IMO, the US is deadly serious about its gold inventory: they don't have any and dare not reveal that fact officially.
To do so would do enormous damage to US financial prestige and that would damage the US$, UST paper, the
stock market, and the US economy. This is the place where they cannot look.
I can see a separate channel for Russia to sell gold outside the (corrupt) influence of any big banks. That will see the price increase. On another topic, JP Morgan is a very big bank.
The indicator I’m most excited about is how gold has been performing against the dollar (DXY).
Historically, both gold and Bitcoin crater when the DXY moons. Well, the DXY has been mooning to multi-decade highs, Bitcoin has cratered, and gold… is flat.
To me, that’s remarkable price action. Better still, goldminers are getting slaughtered so I’ve been regularly adding to my “paper gold” holdings by buying up the miners.
Great video! I’m always a huge fan of your measured, more realistic perspective. Just like all other gold holders, I’d love to see the price skyrocket, but while all the other channels lose their minds over the possibilities, you look at the realities.
Thanks for that. 👍
Thank you! Your point on the DXY is huge. Same with bond yields. Gold should be in the dumps, but it’s doing very well IMO. Cheers!
So when a global CBDC is implemented, probably by 2025, where exactly are you going to spend this gold? EVERY transaction on the globe will be through electronic transfer, as stated by Karsten at the WEF. He stated that they will have complete control over EVERY transaction and the power to enforce it.
Why would you say, "when" [it happens]? That's just some bullshit somebody fed you.
@@2is1gold Don't be too sure! Still, all that shiny stuff will look nice on your mantlepiece! You need to stop believing the crap you've been fed. Educate yourself.
Because of the US constitution being upheld at the SCOTUS and the foundation that Trump laid, and with an idiot administration in power now WEF can say all they want but it ain't gonna do nothing to USA because patriots won't allow it
@@coppersulphate002 Like they did'nt allow the dems to get away with election fraud?? 'Patriots' won't do anything! John Wayne died a long time ago.
All this attention the G7 leaders give to gold, it may increase the general public's interest in precious metals.
I’d be surprised if not!
Russia brings about 10% of the gold to markets each year. I wouldn't expect a significant increase in gold prices based on the gold import ban, against Russia.
I wouldn't either. I'd almost assume the added tension would have more of an affect.
Yes sir. I agree with most of that. Hence, I stand by my gold prediction for this year of $2500 to $3000 in the 4th quarter. It’ll be a slow climb as demand and awareness increase. Great video.
Thanks PPP! How’s the Mr. Universe training coming along? 💪
You may see 2300 max in 4 quarter
If we are lucky
@@2is1gold Weighed in at 205 this morning. Total weight loss is 134 pounds now. Still a very far cry from Mr. Universe. Lol.
Impressive!
10% for the big guy.
Good info. Thanks
just wondering why is the 2021 Buffalos BU priced1916.64 and 2022 Buffalos Bu priced 1907.51? same thing happens other coins from time to time? Thanks
Only with online dealers. They have pricing strategies that consider their inventory. They'll have more of the current year. Cheers!
Gold is not reacting as one would expect in the current market. I have to believe it is because people are holding onto cash because they are afraid. This might be an opportunity to buy at a discount. Underscore the word MIGHT. There are many confounding factors in play here.
I’d agree that it’s staying relatively stable when a lot of factors should be moving it.
Listening about gold while looking at Gold Buffalos...totally enjoyable.
🤩
Buy a Gold Rolex. (I just wanna' see that on your desk.)
Ha, I'll add it to the list!
@@2is1gold My wife once asked me if I wanted a Rolex as a birthday gift. I was shocked at first and my first impulse was to blurt out,
"What? Are you crazy?!". Being an experienced husband, however, I simply smiled and said, "That's a lovely thought, dear, but I'd be
afraid of losing it". 😉
Gold is gold how can they stop the sale of it anywhere.. 😂 This is ridiculous.
Ruble is peg to gold..I think until July....inflation can hit Russia but their currency will counter it due increasing strength.
Nope. The fixed price was canceled 13 days after it was implemented.
The Ruble has gained 30% increase in value since the rate BEFORE the war started. The sanctions have totally backfired, because Russia has Europe by the balls and China, India, Brazil, Turkey, many countries still want to and will do business with Russia.
Uganda recent announced the discovery of a potential $12 trillion gold deposit. Won't this potentially wipe out gold's current valuation???
Thank you for the information.
Cheers!
WATCH THE G7 SHOOT OFF MORE TOES OFF THERE ALREADY BLEEDING FEET:
Hilarious comment but dead right, I think that after the maintenance of the North Stream gas pipeline (12th of July till the 25th)Russia will not turn the taps on again for Europe they have insulted Putin enough and he don’t need the Europeans. I am afraid we have to live with that and all caused by our own stupid, infantile politicians.
There shooting you, not them
Yeah. They can't melt down their gold, and stamp it with whatever emblem they want. 😉
This will cause gold to go down. Places like turkey can sell us their gold and buy Russian gold at cut price pocketing the difference. Effective 20% top slice off Russian asserts and supporting weaker nations. A win win 👌🏻
No, it won't.
Ahhhh. I luv your cogent simple take on things… bravo 🙌. And wherever Paul Volker is …. It is not an antiquated relic or paperweight….GOLD 😉
🤜🤛
Bernanke was the real complainer about gold, calling it a "barbarous relic". Most Fed heads simply ignore gold
or try to paint it as being useless. But, the thing is, gold shines brightest when other financial assets do not.
Gold is a commodity. It doesn't significantly change in value. It also doesn't matter where it was produced. It is fully fungible. There are only two things that affect the price of gold. One is demand based on expected future prices. The second is fear based on potential loss in the value of the dollar. The second is probably the more significant.
No Its manipulasjon !!!!
In 1920, an oz of gold bought 365 loaves of quality bread. In 2022 an oz of gold still buys 365 quality loaves of bread.
Ban will cause a bit of a dip in price IMO. If China, etc, buy Russia's gold at a bit of a discount, then they're taking away demand at normal price somewhere else. Also a very nasty double top in the long term gold chart, suggesting retrace to 1500-1600.
I think it will just get recycled through the BRICS countries
Reasonable thought.
Interesting how the big boys use their wallets. Going to be interesting going forward for gold, for sure.
Thanks for sharing your thoughts!
Thanks for watching!
Where is the fancy pocket knife from ?
Made in Russia. It’s a Shirogorov Quantum. Recon1 sells them. Cheers!
Hahahahaha!! How ridiculous, banning Russian gold. What nonsense, melt it down no one knows whose gold it was. GTFOH.
If you couldn't stop their oil, then what makes you think they can stop their Gold!!!
How do they pay Russia in gold ? Like bring bullion there and buy oil ?
How much gold from electronics sitting in dumps and landfills globally?
I’m a Noobie but I got a gold 1892 5 rouble coin. The lowest mintage coin of the series I believe at 128000 minted. I haven’t gotten it graded yet and it scares me to do so because I’m hoping it’s a high grading. I find myself coping looking at previous one sold on HA and comparing the photos and MS grading to my coin. I saw that ngc has a population of 4 at ms64 and pcgs has a population of 1 or 2 I believe. Do you have any info or advice you can tell me? Is the coin as rare as I think it is? I’m looking to sell It, I just need to get it graded and hope it’s as good as I think
The Rouble is up 25 pct in 1 year )).......................
Love the videos, man. I'm new to gold and debating how to store my buffalos. I noticed in some videos you have them in capsules within tubes, but do you also store some "raw" in the mint tubes? I primarily go for bullion buffalos, so I'm just not sure if it would be necessary to put them in capsules within the tubes or not. Would love to get your perspective on that.
I currently have 20 in a Mint tube, 11 in capsules. It's a pain if you're getting them in and out. I'm finding that Eagles are much more precise than Buffalos and are easier to keep in Mint tubes. Cheers!
Never put them in tube! They get scratched up hard!!!! Capsules or plastic sleeve/ wallet if you cant get hold of capsules.
@@shafserious2805 no they don't, unless you paw at them they just sit in the tubes. All my Gold has always been raw and in tubes and last I checked everything is still minty fresh.
If your conflicted on how to store many coins... your doing quite well dude.
Yeah gold is going thru the roof in price