Russia has a $140B stockpile of gold, but no one wants to buy it
businessinsider.com
businessinsider.com
Okay, India and China, who make up 50% of the worlds industrial capacity seem willing to trade, as do Iran and Saudi Arabia, who, combined with Russia make up the majority of the worlds oil supply. Combine that with Brazil and Turkey, what do you have? The majority of the world.
Let me repeat that, the majority of the world, by every meaningful metric, in every meaningful sense, population, GDP, natural resource production, industrial capacity, etc. is willing to trade with Russia. And it is but a (large) minority who is not, namely the countries in the American Empires grasp.
Now I am a good American patriot and support the American Empire, but we must be reasonable, rational people and cannot deny reality, that reality being that with India and Russia now trading in oil without the dollar involved, and Saudi Arabia and China willing to do the same, there is a very good chance America has lost the leverage and stability of its currency, as well as a major source of influence over the world. We most likely do not have the military capacity to overthrow the countries no longer willing to use the dollar, and if the value of the dollar is no longer indirectly tied to oil, the consuming power of the American market is likely to be diminished precariously, and so the leverage of access to the American consumer market is also gone and with that our other major source of leverage on the world stage.
The act of seizing Russian funds has brought about, not Russian insolvency, but American irrelevancy. And it is entirely the fault of the same generation of leaders who have been in place since the cultural revolution of the American 60’s.
For starters, it is not true that the "majority" by GDP would trade with Russia, when the whole European bloc, Canada, US, Japan, Australia, etc. would not.
Leaving that behind, Russia economy is largely based on natural resources, of which the main buyers are in Europe, so much so, 45% of Russian exports were going to the EU and the UK. In that regard, only China could be considered a feasible partner, both geographically and economically, at least until someone figures out how to lay down enough gas pipe to reach South America.
India's GDP, while large, absolutely relies on population numbers, as their GDP per capita would put them well behind countries like Vietnam. India accounts for less than 5% of Russian exports right now, and unless the Indian government is willing to take another hit at the per capita GDP, which has decreased 9% in the past year, they will not be buying more from Russia in an amount so significant, it would cover the losses.
Bottom line here is that Russia will not make up for the losses by relying more on China, and India is irrelevant at this point. If anything, I would say that China will step in and buy Russia's assets at a discount rate.
I think I need to sleep on it. Something here doesn't make sense.
Unrelated, but I'd like to see an Oceans 14 where with fake accents, disguises and distraction our heros cleverly swindle all of Russia's gold to Ukraine's new offshore depositories in every NATO country.
That's why the story makes zero sense. It's not about russian gold. It's about gold in general. It's also pure propoganda.