Putin's Russia picked up gold at a supper-power discount... After its super-power energy went out... Default followed by picking up seemingly free gold. At that price, who would want gold? Who could imagine that gold price would once again rise?
Imagine buying a troy ounce of gold for just about 5 barrels of oil today.
For first time in nine months, Russia's central bank buys no gold!
Friday, July 19, 2013
Russia's central bank bought no gold in June, 2013. The Russian central bank declined to comment on the reason": Could it be that Russia now considers gold a wasting asset? [Hazardous waste?] Or could it be that... the market for real metal has been made exceedingly tight [cast asunder] by the high demand caused by smashing [crashing & cashing] Western gold futures markets? Has Russia enough paper-cash promises already?
Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑