Gold Bros

[Anonymous No.49987571]

G7 officially sanctions Russian gold. Biggest importer of Russian gold is the LBMA which is THE pm market. So yea...very bullish for gold price, miners, fx of gold producing countries(Australia). Potentially bad for Russia as it is 6% of it's exports. I imagine they will discount their gold and sell to BRICS nations. DISCUSS.

https://www.cbsnews.com/news/russian-gold-ban-g7-white-house

[Anonymous No.49987721]

this will pump it above 2k

[Anonymous No.49987826]

Russia doesn't need to import gold. If anything they should buy the gold they would normally export with government rubles to reduce deflation.

[Anonymous No.49987900]

doesn't russia now have to sell below spot to developing countries

[Anonymous No.49987926]

>>49987571
This means gold will crash bellow $1000/oz. Don't forget recent discovery of 31 million ounces in Uganda and the fact that gold price is currently in a bubble which is unsustainable.

[Anonymous No.49987977]

>>49987926
>he believed the nigger propoganda

[Anonymous No.49989031]

>>49987926
>recent discovery of 31 million ounces in Uganda
how much per ounce is it going to cost to dig that gold up?

>gold price is currently in a bubble
it is only slightly more expensive than it was ten years ago. if that is a bubble, what the hell is everything else?

[Anonymous No.49989155]

>>49987571
no, it just means the russians will take their gold in the middle of the ocean, put it on another countries ship, and sell it through that. just like they do with their oil. yawn.

[Anonymous No.49989184]

>>49987926
Its 31 million tons of gold ORE you retard. With 10-11 grams of pure gold per tone, do the math. Its barely 300 something tons of gold. YAWN.

[Anonymous No.49989219]

>>49987926
Don't you think this is a weird coincidence?

[Anonymous No.49989289]

>>49987721
>this will pump it above 2k

[Anonymous No.49989348]

>>49987926
How can gold be in a bubble if fiat is in a bubble?

[Anonymous No.49989352]

>>49987571

Brace yourself! New ATH is coming!

[Anonymous No.49989716]

>>49987926
>This means gold will crash bellow $1000/oz. Don't forget recent discovery of 31 million ounces in Uganda and the fact that gold price is currently in a bubble which is unsustainable.
I hate you 31 million Uganda ounces faggots so incredibly much. The value the ugandans calculated was 10 kg of pure fucking gold per tonne. That is a ridiculous 1%. Which makes you at least as dumb as a central african 90 IQ retard. Congratulations.
>but I was only pretending
No, you were not.

[Anonymous No.49989805]

>>49987571
This is fucking nothing. I guarantee you it's a concession the US got to save face after petitioning, and failing, to get the other G7 nations to hop on board their full on Russia sanctions. Germany isn't having that. Germany needs their gas and oil.
After failing to get full sanctions, US probably asked for banning of imports. As you all know, Russia saved the Ruble after the US kicked them out of swift by pegging it to gold and oil. You can buy oil with gold, or rubles, therefore rubles are worth the same amount of equivalent gold. Bam.
So US says, oh gee well um, if you guys won't agree to the sanctions, how about banning gold payments to Russia (to mess with their peg scheme) and germany (and others) go back with a hard fucking no. US looking weak here. Needs to come back with something.
Germany probably goes "We'd accept a ban on exports" and the US jumps at it for face saving. Literally effects nothing. Russia isn't "funding it's war" by exporting gold to Japan and Canada as Joe tweeted out.
There. Now you're all up to speed.

[Anonymous No.49989847]

>>49987721
this

[Anonymous No.49989887]

>>49989289
You posted the same image with the same filename in another thread. Why do you have such a strong reaction to other people buying gold?

[Anonymous No.49989926]

>>49987926
shut up retarded nigger

[Anonymous No.49990565]

>>49989887
I don't like your neutral and sober attitude
PPDAD

[Anonymous No.49990687]

sure is a lot of antigold shills as of late. we must be getting close.

[Anonymous No.49990723]

>>49987926
It's really fun how you made people sperg and get angry by just staring objective and self evident facts.

[Anonymous No.49992393]

>>49987926
Well, other anons properly raped you so I'll leave this alone.

[Anonymous No.49992416]

>>49989155
Can large ships just do transfers mid-ocean like that?? I doubt.

[Anonymous No.49992473]

>>49989805
You're just telling shit I know already. Saying is nothing is kind of out of touch, though. Demand for gold isn't inelastic like oil but the climate couldn't any bullish. As a matter of fact, Switzerland started buying Russian gold just a few days ago after being a net seller for years.

https://abcnews.go.com/International/wireStory/swiss-customs-tracks-importation-russian-gold-worth-200m-85629217

To say this doesn't have implications for the gold price in the near future is asinine.

[Anonymous No.49992565]

>>49989716
>31 million Uganda ounces faggots
lol nice. This should be the new drag for cryptotards.

[Anonymous No.49992796]

>>49987926
>recent discovery of 31 million ounces in Uganda
LOL they flew a helicopter over some desert and inferred from aerial data that there may be that much gold there. you can use your big brain to start finding ways to see why that is complete bullshit

[Anonymous No.49992907]

>>49987926
>31 million ounces in Uganda