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can anyone confirm if its true russia is buying gold at $2400 / oz ?

 
Anonymous Coward
User ID: 80151137
United States
08/29/2022 06:58 AM
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can anyone confirm if its true russia is buying gold at $2400 / oz ?
while are scam price is fixed at 1730 .. is this true ?
Anonymous Coward
User ID: 76759909
Poland
08/29/2022 07:00 AM
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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
I can't confirm or deny anything.
Anonymous Coward
User ID: 84087274
United States
08/29/2022 07:01 AM
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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
i think that russia doesn't have Dollars to spend.

what's the price of gold in rubles? that's what a russian would know.
Agent 99

User ID: 77082640
United States
08/31/2022 07:26 AM

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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
So... you're saying that gold price is based on US Dollar?

If that's the case then it's true that Global Currency will depend on every country coming close to $1 for their main currency in value. Then we can all convert to ONE system.
Agent 99

User ID: 77082640
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08/31/2022 07:28 AM

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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
25 rubles = .60 US
Agent 99

User ID: 77082640
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08/31/2022 07:33 AM

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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
Russia owns more Palladium and Platinum than anyone in the world. Their currency is based on those metals. Whereas US and West is Gold and Silver.

It's based on mining capability, or purchasing power. At this moment Russia isn't buying to hoard gold. China is. Saudi is.

So the balance in World Currency is being sabotaged mostly by the Middle East who is running out of oil. They make more money on Hajj than oil but their resources aren't solid. This is why they use terrorism to strongarm their way into higher circles to support their poor spending habits.

Stability will depend on G7 and G20 cooperation. Also bringing SCO onboard. That will leave OIC out. And that's the risk and fluctuation we see now in the markets. jmho.
Klaus "Anal" Schwab
User ID: 83886520
Latvia
08/31/2022 07:34 AM
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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
I can't confirm or deny anything.
 Quoting: Anonymous Coward 76759909


Who vants to know, already?

Idol1lflashdrevillflashIdol1
Anonymous Coward
User ID: 76509910
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08/31/2022 07:37 AM
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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
What exactly would they using to buy gold right now ? And where ? Opie, I bet you bought a bunch of Luna coin before it went bust. Would you buy gold for that price? Nobody else would either. Use common sense
Agent 99

User ID: 77082640
United States
08/31/2022 07:38 AM

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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
One more thing.

The Euro proved that in 20 years all the united European countries currency balanced to a single currency.

Of course the wealthier countries like Germany took a hit/loss and the poorer countries like Greece gained. But the end result was balance. Now all the countries are more trashy but there is stability.

Will this make crime go away or increase?
The depends on 3 factors:
1. population density
2. gender imbalance
3. resource depletion
Agent 99

User ID: 77082640
United States
08/31/2022 07:40 AM

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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
What exactly would they using to buy gold right now ? And where ? Opie, I bet you bought a bunch of Luna coin before it went bust. Would you buy gold for that price? Nobody else would either. Use common sense
 Quoting: Anonymous Coward 76509910


Plenty of people buy gold at that price and higher. Certified coins and rare coins go well above that price. Further the grades and age of gold makes a difference.

Minted Eagles are mixed with other metals to make the coin more solid, because gold is soft. So the coin only contains 92% gold, while other coins and bars are 999.9% pure.

Stop being a dick.
Anonymous Coward
User ID: 76509910
United States
08/31/2022 07:41 AM
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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
Russia owns more Palladium and Platinum than anyone in the world. Their currency is based on those metals. Whereas US and West is Gold and Silver.

It's based on mining capability, or purchasing power. At this moment Russia isn't buying to hoard gold. China is. Saudi is.

So the balance in World Currency is being sabotaged mostly by the Middle East who is running out of oil. They make more money on Hajj than oil but their resources aren't solid. This is why they use terrorism to strongarm their way into higher circles to support their poor spending habits.

Stability will depend on G7 and G20 cooperation. Also bringing SCO onboard. That will leave OIC out. And that's the risk and fluctuation we see now in the markets. jmho.
 Quoting: Agent 99


No it’s not…you just threw out more misinformation in one post than CNN produced in a year
Agent 99

User ID: 77082640
United States
08/31/2022 07:44 AM

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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
There's another factor in all this.

Paper contracts.

People bought gold through brokers who shorted the market and didn't have the physical gold in hand. When the time came for their customers to demand the physical, the brokers fell short and didn't have the inventory.

So brokers were given special privilege by the Fed to catch up since this scam ran deep into the US financial system. That period is ending and those involved will be paying higher prices for their mistakes.

Once all these accounting errors are settled then there will be stability and the price of gold can rise naturally as it should and the true value will appear.

Will we get there without some bigger sabotage? That's up to the Militaries at this point. WWIII.
Anonymous Coward
User ID: 84093375
United States
08/31/2022 07:45 AM
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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
while are scam price is fixed at 1730 .. is this true ?
 Quoting: Anonymous Coward 80151137


Have you not heard?
Anonymous Coward
User ID: 76509910
United States
08/31/2022 07:45 AM
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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
What exactly would they using to buy gold right now ? And where ? Opie, I bet you bought a bunch of Luna coin before it went bust. Would you buy gold for that price? Nobody else would either. Use common sense
 Quoting: Anonymous Coward 76509910


Plenty of people buy gold at that price and higher. Certified coins and rare coins go well above that price. Further the grades and age of gold makes a difference.

Minted Eagles are mixed with other metals to make the coin more solid, because gold is soft. So the coin only contains 92% gold, while other coins and bars are 999.9% pure.

Stop being a dick.
 Quoting: Agent 99


Rare coins are worth more not only because of their rarity but because collectors drive the prices up. Name one place buying gold for 2400 per ounce , and not rare uncirculated coins either. Russian ruble is not backed by platinum nor palladium either. Putin wants to create a digital coin backed by gold but can’t do it right now nor in the future I bet
Agent 99

User ID: 77082640
United States
08/31/2022 07:46 AM

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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
Russia owns more Palladium and Platinum than anyone in the world. Their currency is based on those metals. Whereas US and West is Gold and Silver.

It's based on mining capability, or purchasing power. At this moment Russia isn't buying to hoard gold. China is. Saudi is.

So the balance in World Currency is being sabotaged mostly by the Middle East who is running out of oil. They make more money on Hajj than oil but their resources aren't solid. This is why they use terrorism to strongarm their way into higher circles to support their poor spending habits.

Stability will depend on G7 and G20 cooperation. Also bringing SCO onboard. That will leave OIC out. And that's the risk and fluctuation we see now in the markets. jmho.
 Quoting: Agent 99


No it’s not…you just threw out more misinformation in one post than CNN produced in a year
 Quoting: Anonymous Coward 76509910


Present your knowledge.
Westwood_1

User ID: 84102059
United States
08/31/2022 07:48 AM
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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
If true then he’s trying to crash the comex.

Russia’s #1 non energy export is gold.
Agent 99

User ID: 77082640
United States
08/31/2022 07:52 AM

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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
What exactly would they using to buy gold right now ? And where ? Opie, I bet you bought a bunch of Luna coin before it went bust. Would you buy gold for that price? Nobody else would either. Use common sense
 Quoting: Anonymous Coward 76509910


Plenty of people buy gold at that price and higher. Certified coins and rare coins go well above that price. Further the grades and age of gold makes a difference.

Minted Eagles are mixed with other metals to make the coin more solid, because gold is soft. So the coin only contains 92% gold, while other coins and bars are 999.9% pure.

Stop being a dick.
 Quoting: Agent 99


Rare coins are worth more not only because of their rarity but because collectors drive the prices up. Name one place buying gold for 2400 per ounce , and not rare uncirculated coins either. Russian ruble is not backed by platinum nor palladium either. Putin wants to create a digital coin backed by gold but can’t do it right now nor in the future I bet
 Quoting: Anonymous Coward 76509910


Gold Eagles on Ampex are $1900 out the door.

What is your link to Putin creating digital gold backed? Add something of value here.
Agent 99

User ID: 77082640
United States
08/31/2022 08:01 AM

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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
If true then he’s trying to crash the comex.

Russia’s #1 non energy export is gold.
 Quoting: Westwood_1


Yes, Sudan gold from Russian operation, guarded by Wagner is what is flooding the market now. Paying for new advance out of Ukraine in the coming weeks.

After that distribution there will be changes.
Anonymous Coward
User ID: 82657890
Latvia
08/31/2022 08:06 AM
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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
What exactly would they using to buy gold right now ? And where ? Opie, I bet you bought a bunch of Luna coin before it went bust. Would you buy gold for that price? Nobody else would either. Use common sense
 Quoting: Anonymous Coward 76509910


Plenty of people buy gold at that price and higher. Certified coins and rare coins go well above that price. Further the grades and age of gold makes a difference.

Minted Eagles are mixed with other metals to make the coin more solid, because gold is soft. So the coin only contains 92% gold, while other coins and bars are 999.9% pure.

Stop being a dick.
 Quoting: Agent 99


Rare coins are worth more not only because of their rarity but because collectors drive the prices up. Name one place buying gold for 2400 per ounce , and not rare uncirculated coins either. Russian ruble is not backed by platinum nor palladium either. Putin wants to create a digital coin backed by gold but can’t do it right now nor in the future I bet
 Quoting: Anonymous Coward 76509910


In the US, numismatic coins (rare, maybe uncirculated, high premium) are also exempt from confiscation, by law.

This is why the "smart money" pays well over spot for such coins.

drevil
Agent 99

User ID: 77082640
United States
08/31/2022 08:21 AM

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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
What exactly would they using to buy gold right now ? And where ? Opie, I bet you bought a bunch of Luna coin before it went bust. Would you buy gold for that price? Nobody else would either. Use common sense
 Quoting: Anonymous Coward 76509910


Plenty of people buy gold at that price and higher. Certified coins and rare coins go well above that price. Further the grades and age of gold makes a difference.

Minted Eagles are mixed with other metals to make the coin more solid, because gold is soft. So the coin only contains 92% gold, while other coins and bars are 999.9% pure.

Stop being a dick.
 Quoting: Agent 99


Rare coins are worth more not only because of their rarity but because collectors drive the prices up. Name one place buying gold for 2400 per ounce , and not rare uncirculated coins either. Russian ruble is not backed by platinum nor palladium either. Putin wants to create a digital coin backed by gold but can’t do it right now nor in the future I bet
 Quoting: Anonymous Coward 76509910


In the US, numismatic coins (rare, maybe uncirculated, high premium) are also exempt from confiscation, by law.

This is why the "smart money" pays well over spot for such coins.

drevil
 Quoting: Anonymous Coward 82657890


ya. loophole.
Anonymous Coward
User ID: 72117792
Costa Rica
08/31/2022 11:06 AM
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Re: can anyone confirm if its true russia is buying gold at $2400 / oz ?
A smart move would be to buy gold production of miners within Russia, maybe even pay above market price to
stimulate more gold production.
They would pay in rubles not dollars.

Even printing new rubles to buy gold, would be a form of a gold backed currency. A start.





GLP