Military Review

Russians have every word, gold

95
Russians have every word, gold

About the gold standard and gold reserves



The coronavirus pandemic for many countries has become an incentive to build more reliable reserves than securities and convertible currencies. However, the Western media in this regard gave Russia the palm long before COVID-19 turned into a notorious threat to the world.

It all began with last year's sensational article by Holger Zszepitz in Die Welt, a newspaper usually loyal to Russia, under the headline "Vladimir Putin's Fatal Thirst for Gold." The author extremely negatively assessed the maniacal, in his opinion, desire of the Russians to stock up on gold.


Despite the economic difficulties, impoverishment of the population and dubious prospects for the export of hydrocarbon resources. However, even though much of the criticism was addressed personally to head of state Vladimir Putin, of course, no official response from Moscow followed. Russian media limited themselves to routine comments.

Almost a year has passed since this publication in Die Welt. The situation has changed. But the Russian economy suffered from quarantine not as great losses as the US and EU economies. It cannot be ruled out that this was facilitated by the confidence of the country's leadership in the presence of an additional gold reserve, which untied the hands for operations with other reserve funds: ruble and foreign exchange.

Russia continued to actively buy gold even when oil and gas prices were at their lowest levels for many years. As a result, by mid-August 2020, Russia's international reserves rose to $ 600 billion, which is higher than the historical record of 2008.

The country's gold reserves add up to 20 tons every month. This has not happened for a long time. At present, according to Western analysts, they amount to more than 2200 tons. Some have already called it something like a cold or hybrid financial war launched by Moscow against the West.


But only a few analysts at the same time wondered what kind of gold Russia is actually buying: monetary or in the form of depositary receipts. Underneath this was a legitimate concern that these types of securities only fix physical gold in other people's holdings.

By right, it seems to be always possible to claim it, but it is generally more convenient to operate with the receipts themselves, which, however, are expensive and liquid only as long as they are bought. And they may well fall, for example, under US sanctions. In essence, the purchase of gold in receipts can turn into a trivial withdrawal of capital from the country.

Golden time…


Today, when the second wave of coronavirus is on the agenda, in addition to Belarus and the American elections, the same Holger Zshepitz decided to recognize the "golden" strategy of Russian President Vladimir Putin as the most correct. Tssepitz, by the way, is the managing editor of the economic department of Die Welt, and hardly anyone simply ignores his assessments.

The record rise in the value of gold, one ounce of which is now more than two thousand dollars, seems to have come as a surprise to many. But after all, Russia alone, no matter how much gold it buys, could not raise quotes like that. This means that many people have decided to go gold today. And to leave, of course, from dollars and euros, about the serious problems of which "Voennoye Obozreniye" wrote more than once (“The ruble is against everyone. Why is it falling and why should it strengthen ").

Now Die Welt admits with surprising ease and eagerness that last year's article, which spoke of the trap of gold reserves for Russia, turned out to be wrong. Now Tschepits, who spoke about the "golden trap", has no doubt that the Russian president is acting smart enough, although the country's economy is still stalled and the population continues to live poorly. He's writing:

"Putin wanted to reduce the dependence of Russian reserves on the US dollar and with the help of gold he skillfully coped with this geopolitical task."

The wave of positiveness towards Russia, which many immediately associated with Germany's staunch opposition to American pressure on Nord Stream 2, was picked up almost immediately. German publicist and publisher Wolfram Weimer, in his column on the portal of the n-tv channel, called Vladimir Putin “man of the week” for his gold and foreign exchange policy.

The German media are now generally generous with compliments to the Russian leader, albeit somewhat strange. They call buying gold nothing more than a "quiet attack on the dollar", forgetting how closely the euro is tied to the dollar. Although, perhaps, not as much as the yuan, for which China one way or another will have to save the United States.

However, it is worth noting that China today also does not give up on solid purchases of gold, but the reason here, most likely, is different: due to the crisis, there are no other addressees for investing free funds.

Despite the fact that an increase in its own reserves is not economically justified for Russia, there are simply no other options at the moment. Investments in infrastructure projects have already reached the limit, which the construction industry is poorly coping with, and breakthrough projects that promise real returns are still in short supply.

At the same time, the crisis may well drag on, and the ruble continues to lose value little by little, being, moreover, under the heavy pressure of the Belarusian factor. In Germany, for example, many generally believe that the rising price of gold will not help to push the Russian leadership to large-scale investments in the stagnating economy. In any case, funds from borrowings carried out by the Ministry of Finance will be used to finance the budget deficit.


Or a golden burden?


A whole series of crises that hit the global economy in the XNUMXst century made many recall the time of the "gold standard" with nostalgia. For a long time, the world's leading powers pegged their currencies extremely tightly to the first of the metals.

Russia in this respect was no exception, the imperial ruble was fastened to gold at the suggestion of the Minister of Finance Sergei Witte. The Provisional Government simply did not have time to finally bomb the country's finances, and the Bolsheviks carried out their first and very successful monetary reform after the Civil War at the same time as the introduction of the gold duct.

Two world wars together with the Great Depression of 1929-1933 actually forced the Western world to abandon the "gold standard" and switch to the dollar model. How effective was it? One can argue about this, but the fact that her time is running out, almost no one doubts.

Meanwhile, the reason for Russia's enviable activity in the gold market was by no means a primitive build-up of reserves. However, alas, we are not talking about the prospect of large-scale investments in the economy or social sphere either. Most likely, this is the course chosen to reduce the use of the dollar.

It is characteristic that the share of world currencies balancing on the brink of devaluation in the reserve funds does not decrease at all. Rather, it is even growing, as evidenced by indirect data from the Central Bank. Here, it seems, the point is that sooner or later these funds will have to be made more accessible.

This is simply necessary in connection with the pandemic and the need to warm up the economy and maintain at least a minimal welfare of citizens. And having currency in hand, it is much easier to solve many problems than with gold. Monetary or on receipts, this is no longer so important.
Author:
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  1. Far B
    Far B 26 August 2020 05: 19 New
    16
    Russia buys up gold, Russia does not buy gold, its pot is full, whether it is empty - the people of Russia still do not feel this on themselves. Putin, like a dragon, sits on a heap of gold, the economy habitually stagnates, the population's incomes continue to fall as usual, the country continues to die out at an accelerated pace ... Stability is Putin's way.
    1. Stas157
      Stas157 26 August 2020 05: 36 New
      +3
      If we look not at the whole situation, in time, how the investments were made, we will see the following picture.

      Gold did not rise for years, but even fell. And suddenly, over the year since 2019, it has almost doubled. But if the growth is divided by all years, then it is quite moderate.

      The same thing happened in history. And the Americans warmed their hands on this, selling their gold at the top. But only I think Russia will hardly fix profits at the top. The competence of the government's economic bloc has always raised puzzling questions.
      1. Cube123
        Cube123 26 August 2020 07: 05 New
        32
        Quote: Stas157
        Gold did not rise for years, but even fell. And suddenly, over the year since 2019, it has almost doubled. But if the growth is divided by all years, then it is quite moderate.

        And you take large time intervals.

        Over the past year, the dollar has depreciated 30% against gold,
        Over the past two years - by 60%,
        Over the past 20 years - 8 times,
        Since the US abandoned pegging the dollar to the gold equivalent in 1971 (50 years) - 57 times,
        Over the past 100 years, less than 1% of the value of the dollar has remained.

        "The Price of Gold from 1830 to 2020"
        https://goldomania.ru/menu_003_001.html

        Average rate of dollar depreciation 8% per annum in foreign currency. And the yield on Treasuries fluctuates around 2% per annum. Roughly speaking, it turns out that the United States annually "shoes" the entire planet by 6% of all existing dollar emissions. A sort of inflation tax.
        1. Stas157
          Stas157 26 August 2020 08: 00 New
          -4
          The dollar depreciates over time. But gold also depreciates, although not as much. The cost of archaic gold mining 100 years ago and super-technological now are incomparable.

          Everything is depreciated, even real estate. The perennial problem, how to keep money so that it at least is not lost? The most profitable is investment in growing sectors of the economy and industry. A shining example of this is Warren Buffett, who became one of the richest people in the world on the right investments.
          1. The comment was deleted.
            1. Stas157
              Stas157 26 August 2020 09: 01 New
              +3
              Quote: Cube123
              And billions of people who have lost their money on the wrong investments. It's easy to say "you need to invest your money right." But try to do this and, in most cases, it turns out that you invested your money incorrectly

              Well, here you have not discovered America! This, like everything else, should be dealt with by teams of professionals, not random units. You cannot outsmart the market without experience and knowledge. And Buffett himself uses the services of the strongest team Berkshire Hathaway.

              The simplest and most reliable thing for the average person is to make money on strong blue-chip failures. And safe bonds. I recently took Norilsk Nickel BO5, I succeeded at 7,5% per annum. Yesterday I took Belarusian OFZs at 10% per annum. I think everything will settle down for them and the crisis is declining.
              1. Cube123
                Cube123 26 August 2020 10: 14 New
                +8
                Quote: Stas157
                The simplest and most reliable thing for the average person is to make money on strong blue-chip failures. And safe bonds.

                The simplest and most reliable for an ordinary person is to invest in their own education. But even this does not guarantee success. 95% of traders who come to the market go broke within the first year of operation. Confirmation of forecasts BEST traders Wall Street does not exceed 58%. This is from the best... And even they cannot confirm these figures for several years in a row. And for the vast majority, this figure is well below 50%, which means that they are gradually losing their money. A simple truth has long been known: "You can make guaranteed money on the exchange only if you are its owner." The exchange lives on commissions that are paid regardless of whether the market rises or falls.
                1. Stas157
                  Stas157 26 August 2020 15: 15 New
                  +2
                  Quote: Cube123
                  95% percent of traders entering the market go broke within the first year of workы

                  Where did you get this? Such traders simply would not be hired. Have you seen the exchange in your eyes? I, as a private trader, have been trading there since 2011. Intraday speculators, scalpers and all those who trade on their shoulders go bankrupt there. And if you invest wisely for a long time (from six months) and trade without exceeding the deposit, then it is very difficult to lose your deposit. If you trade federal or municipal bonds, then there were no defaults at all (except for technical ones), but there is a guaranteed yield. How can you go broke on yours - I can't imagine!

                  It all depends on the trading style. The most break-even investments are long term and without a loan. And it will be higher than the bank deposit anyway.
                  1. Cube123
                    Cube123 26 August 2020 15: 31 New
                    +4
                    Quote: Stas157
                    As a private owner, I have been trading there since 2011.

                    I'm ten years older. Of these, ten years of work in an investment company. And many times I've seen customer accounts merge. The rules of risk management were slightly exceeded and hello ... Moreover, traders who considered themselves great professionals were dumping their accounts. My observations: the more "genius" a trader is, the less money remained in the client's account. In the early 2000s, this was not so noticeable due to the general growth of the market, and after the market entered flat ...

                    "Why do 90 percent of traders lose money on the stock exchange? Tips for beginners"
                    https://trader-nt.ru/pochemu-90-protsentov-trejderov-teryayut-dengi-na-birzhe-sovety-nachinayushhim/

                    "How Russian traders went broke on the collapse of oil prices in December"
                    https://zen.yandex.ru/media/finigram/kak-russkie-treidery-razorilis-na-obvale-neftianyh-cen-v-dekabre-5c264c71ed659f00ac97b4d4

                    "" I almost ended my life ": investors on losses due to oil collapse
                    "I will lose everything: property, family, understanding of relatives", - says one of the investors, who lost ₽2,5 million when the WTI price turned negative.

                    Read more at RBC:
                    https://quote.rbc.ru/news/article/5ea079e89a7947330d6444e3"
                    1. Stas157
                      Stas157 26 August 2020 15: 37 New
                      +2
                      Quote: Cube123
                      I'm ten years older. Of these, ten years of work in an investment company.

                      Did you earn anything there or did you just lose? Admit it! Here is the answer to your question, can you earn there or not.
                      1. Cube123
                        Cube123 26 August 2020 15: 40 New
                        +4
                        Quote: Stas157
                        Quote: Cube123
                        I'm ten years older. Of these, ten years of work in an investment company.

                        Did you earn anything there or did you just lose? Admit it! Here is the answer to your question, can you earn there or not.

                        Apparently I am included in those 5%. But I am not a trader, but a systems engineer. And I use techniques that you won't find in textbooks. I deeply despise technical analysis wassat But in the beginning I also lost a lot. And I never played with client money - only with my own.
                      2. Stas157
                        Stas157 26 August 2020 15: 54 New
                        +1
                        Quote: Cube123
                        I deeply despise technical analysis

                        Only fundamental. And the most reliable and predictable topic is bonds. After all, their profitability is tied like a rope to the maturity date, but along the way they can make good money.
            2. _Ugene_
              _Ugene_ 26 August 2020 13: 53 New
              +1
              This, like everything else, should be dealt with by teams of professionals, not random units.
              how to say it, try to give your money to our most serious mutual funds, for example from Sberbank, etc., who are they if not a team of professionals? only the result is at the level of deposits or worse, but on paper everything is always cool with them
              Yesterday I took Belarusian OFZs at 10% per annum.
              yes, since the uncertainty is too great there now, 10% per annum for this risk is clearly not enough, I did not dare
              1. Stas157
                Stas157 26 August 2020 15: 26 New
                -1
                Quote: _Ugene_
                give your money to our most serious mutual funds, for example, from the savings bank, etc., who are they if not teams of professionals?

                Personally, I don't trust such "professionals" even 50 kopecks. I have never taken our mutual funds.

                Quote: _Ugene_
                10% per annum for this risk is clearly not enough, I did not risk it

                Yes, I also expected a bigger fall. But it doesn't go below. Worth dead. Pick up. Here time plays on Lukashenka. Every day the risk becomes less.

                For the ruble, I already wrote here when it was at 68,2. I took dollars. Now I'm thinking of changing back to rubles after 76.
        2. BAI
          BAI 26 August 2020 09: 59 New
          +6
          But gold also depreciates, although not as much.

          Non-renewable natural resources cannot be depreciated. If only because there are fewer and fewer of them every year. This is in the long run. In a momentary situation, the approach is always possible: "Enough for our age, we will solve our problems, after us even a flood." Then, the price for them drops.
          1. ccsr
            ccsr 26 August 2020 11: 27 New
            +2
            Quote: BAI
            Non-renewable natural resources cannot be depreciated.

            This is a moot point, if only because coal is depreciating due to the fact that oil and gas have greatly reduced its use. Although coal is used in some areas, this raw material has no future prospects.
            The author's statement also looks controversial.
            Monetary or on receipts, this is no longer so important.
            , because I believe that only monetary gold gives full independence to any state, which is why the whole question is what it is stored with us and what Putin sold this spring.
          2. The comment was deleted.
      2. Berber
        Berber 26 August 2020 10: 17 New
        +2
        Normal comment. With specific numbers. Tired of whining like Putin is all pr ... ral. good
    2. RUnnm
      RUnnm 26 August 2020 07: 05 New
      +7
      I never could understand the essence of our interventions in gold:
      1. The most important thing is that physical purchases are made, or in the form of an aval. And in the end we will end up with a bunch of pieces of paper, and we will not see our gold as Germany, which recently tried to take it from the United States and received it only partially, after a long struggle. And then, it turns out that in fact, we buy gold for someone else with our own money;
      2. An even more important question - why do we believe that investing in gold is more profitable than investing in the economy? We do not have an overheated economy, and instead of development, we persistently transfer money either to gold, or to US bonds, or to a stabilization fund. Is the creation of new jobs by the state, and even direct investments like those carried out by similar Norwegian, Saudi funds, less effective? In my opinion, even (conditionally) buying shares of Chinese, American (yes, I remember the sanctions) companies would be much more profitable. But my stubborn unwillingness to invest in my economy is incomprehensible to me. The feeling that our government has not even heard of the multiplier effect.
      3. Why are we simultaneously putting money in a box and at the same time borrowing? Why is the debt guaranteed by the state constantly growing and this year its size exceeded the amount of gold reserves ?! What is the point of zvr (especially if they are depreciated), if with the second hand we collect loans ourselves?
      4. I understand that ideally, this is a long-term, joint preparation with China for a concerted strike on the US monetary system in order to dump US debt and then try to profitably take a more worthy place in the economic world. But it is extremely doubtful that this is exactly the case, since the US market is too mutually beneficial for China. And even if this is so, then why do we believe that in the event of such a global economic war, it is more profitable for us to have gold on our hands, and not production facilities focused on meeting needs at the expense of internal resources.
      5. Why do we believe that investing in gold is more profitable than investing in education, science and medicine. After all, everyone has long known that it is a person who is the most expensive investment that gives the maximum return.

      As a result, it seems that this policy is being pursued simply thoughtlessly, because we do not have enough intelligence and order to implement other ways of investing. Well, if it's just buying pieces of paper for gold, then this is something much more serious than stupidity. And the fact that purchases are made, first of all, on world markets, and not on the domestic one, says, unfortunately, that we are going exactly according to the second option.
      1. Cube123
        Cube123 26 August 2020 07: 31 New
        22
        Quote: RUnnm
        I never could understand the essence of our intervention in gold.

        To understand this, it is enough to understand the chain. Russia buys gold for RUBLES from its own miners. About 350 tons are produced per year, and the Central Bank buys an average of 250 tons. And by placing this gold in the gold reserves, Russia gets the right to issue an additional issue of rubles in the amount of the market value of this gold. Thus, this gold goes to Russia at zero cost. Plus taxes from the earners and plus the injection of rubles into the economy, where they make 3-4 turnovers a year bringing additional taxes to the treasury.

        You need to understand a simple, in fact, difference. In order to increase the gold reserves at the expense of foreign currency, it is necessary to supply something abroad for foreign currency, deadening the received currency in the foreign exchange reserves (it practically does not bring income there, and due to inflation it loses in value annually.). And the purchase of gold for rubles - works for the Russian economy through a non-inflationary additional issue, practically requiring no additional costs.

        Quote: RUnnm
        What is the point of zvr (especially if they are depreciated), if with the second hand we collect loans ourselves?


        After Russia's accession to the IMF, it undertook a commitment that the total amount of rubles issued cannot exceed the total amount of gold and foreign exchange reserves multiplied by the ruble exchange rate. Therefore, you need to understand a simple thing, within the framework of the current gold and foreign exchange laws, - in fact, these are all those rubles that circulate in the state and ensure its functioning. These are rubles that are issued under the gold and foreign exchange reserves, i.e. it is real money that circulates in the economy. Those. increasing the gold reserves at the expense of foreign currencies is a direct loss, and the purchase of gold for rubles for gold reserves is a direct long-term income. Buying gold for rubles is exactly an investment in the Russian economy.
      2. nickname7
        nickname7 26 August 2020 08: 05 New
        -1
        And we end up with a bunch of pieces of paper, and we won't see our gold as Germany

        Moreover, gold is mined in the country and most of the production is exported, and they buy papers, receipts. At least they gave the Indians beads, but they gave us pieces of paper.

        Why are we simultaneously putting money in the box and at the same time borrowing? What is the point of zvr (especially if they are depreciated), if with the second hand we collect loans ourselves?

        It seems that this policy is called - "economic deflation", applied to the colony of India.

        it is a long-term, joint preparation with China for a concerted strike on the US monetary system with the aim of dumping US debt and then trying to profitably take a more worthy place in the economic world.

        A place in the world has already been found for the roselites; they want to integrate and become part of the west. And we will probably be abandoned, with devalued pieces of paper, recovered oil fields, empty gold mines and debts.

        As a result, it seems that this policy is being carried out just thoughtlessly,

        You are wrong it is that a deliberate policy, but in the interests of the West. The colonial administration (the so-called government of the Russian Federation) works for the metropolis, hence all your questions that they say they are not the right actions for Russia, but for the foreign countries they are acting correctly.

      3. Nyrobsky
        Nyrobsky 26 August 2020 08: 06 New
        +7
        Quote: RUnnm
        1. The most important thing is that physical purchases are made, or in the form of an aval. And we end up with a bunch of papers

        We buy gold from our own mines, for our own rubles. So - we store metal in kind, not in papers.
        Quote: RUnnm
        In my opinion, even (conditionally) buying shares of Chinese, American (yes, I remember the sanctions) companies would be much more profitable.

        Well, now the indices are falling, stocks are getting cheaper, and gold is growing. The crisis loves safe assets.
        Quote: RUnnm
        What is the point of zvr (especially if they are depreciated), if with the second hand we collect loans ourselves?
        Americans do not worry about this at all. The 8 thousand tons of gold in their storehouse will in no way be able to cover their 25 trillion debt.
        Quote: RUnnm
        I understand that ideally, this is a long-term, joint preparation with China for a concerted attack on the US monetary system in order to dump US debt obligations and then try to profitably take a more worthy place in the economic world. But it is extremely doubtful that this is exactly the case, since the US market is too mutually beneficial for China. And even if this is so, then why do we believe that in the event of such a global economic war, it is more profitable for us to have gold on our hands, and not production facilities focused on meeting needs at the expense of internal resources.

        And you try to look at this from the other side. And what is more profitable for the United States itself to overthrow the dollar system and switch to a new standard than for those who are spinning in this system? Europe's total debt is comparable to that of America. What is the duty of all countries? It is impossible to repay this debt, it is also impossible to build up further. If everyone pays back the debts, then in each three-room apartment all three rooms will be filled with money, but there will be nothing to buy with them, because it is impossible to produce goods for this amount. Previously, it was believed that the war will write off everything, but today everyone understands that the current war will write off not only debts, but also zero humanity.
        Quote: RUnnm
        After all, everyone has long known that it is a person who is the most expensive investment that gives the maximum return.
        It used to be thought so. Today they think differently, namely, how to reduce the world's population from 7 billion to 500 million in order to reduce the costs of their maintenance and nourishment. In their opinion, the elite and its staff should remain, preferably without pensioners, the sick and the poor.
        1. Cube123
          Cube123 26 August 2020 12: 13 New
          +6
          Quote: Nyrobsky
          Quote: RUnnm
          1. The most important thing is that physical purchases are made, or in the form of an aval. And we end up with a bunch of papers

          We buy gold from our own mines, for our own rubles. So - we store metal in kind, not in papers.


          In this place, it is not a sin to remind you that these papers can turn into a pumpkin at any moment wink by the decision of any crazy US senator or ordinary issuer of these securities. We have already stepped on this rake several times. Hope it doesn't happen again.

          Quote: Nyrobsky
          Americans do not worry about this at all. The 8 thousand tons of gold in their storehouse will in no way be able to cover their 25 trillion debt.


          Unfortunately, the Americans have every reason not to worry. The US has all its debts in its own currency. Therefore, if they screw it up, they will just print this money and give it back. What will happen in this case to the economy of the planet will not concern them. "The rescue of the drowning is the work of the drowning themselves." But for Russia, its debts in ANOTHER currencies are very, very serious. Here the printing press cannot solve the problem.
        2. Ingvar 72
          Ingvar 72 26 August 2020 12: 28 New
          +5
          Quote: Nyrobsky
          We buy gold from our own mines, for our own rubles. So - we store metal in kind, not in papers.

          Comparison of production and bought up is not in favor of the second.
          Quote: Nyrobsky
          The 8 thousand tons of gold in their storehouse will never be able to cover their 25 trillion debt.

          The US government holds the gold, and the Fed has debts. In my opinion, a very successful fraudulent scheme.
          1. Nyrobsky
            Nyrobsky 26 August 2020 13: 20 New
            +2
            Quote: Ingvar 72
            The US government holds the gold, and the Fed has debts. In my opinion, a very successful fraudulent scheme

            Probably yes. yes
      4. Stas157
        Stas157 26 August 2020 08: 21 New
        +1
        Quote: RUnnm
        why do we think that investing in gold is more profitable than investing in the economy?

        Quote: RUnnm
        Why do we believe that investing in gold is more profitable than investing in education, science, medicine. After all, everyone has long known that it is a person who is the most expensive investment that gives the maximum return.

        I fully share your questions. The government is like a stingy plowman who underfeeds his horse, on which he plows and earns. Because he believes that through such a stupid economy you can get rich more. And the horse will be interrupted on the "macaroshkas".
    3. Civil
      Civil 26 August 2020 07: 14 New
      +3
      At the same time, the crisis may well drag on, and the ruble continues to gradually lose value, being, moreover, under the heavy pressure of the Belarusian factor.

      1. Minus 21% against the dollar since the beginning of the year? Is that a little? For Zimbabwe and Bangladesh, probably ...
      2. The "Belarusian factor" is still ahead, the revolt has been declared a "quiet revolution", the next stage of Geyrop will call Russia "the European gendarme 2" and will impose sanctions. Like the Yankees.
      3. Well, the country will no longer be able to pull out reforms, and quite often the "thieves" leaders in the government are basically unable to do this. Not smart enough.
    4. Vladimir Mashkov
      Vladimir Mashkov 26 August 2020 14: 14 New
      -1
      I am certainly not a specialist in economics, but I believe, despite the positive dynamics, Russia, judging by the table above, is still only slightly inferior to Germany, the IMF, Italy and France, significantly inferior to the United States, which has accumulated significant reserves of world gold. Although, in terms of gold and foreign exchange reserves, Russia is ahead of all these countries, entering the leading five countries of the world!
      1. Husit
        Husit 27 August 2020 18: 46 New
        -5
        Quote: Vladimir Mashkov
        Although, in terms of gold and foreign exchange reserves, Russia is ahead of all these countries, entering the leading five countries of the world!

        And in terms of natural resources, Russia is generally far ahead of all countries! Here's the Arctic if we reconnoitre completely, etc. Mom will not be sad.!
  2. Pessimist22
    Pessimist22 26 August 2020 05: 37 New
    -4
    Well, here it is written that the dollar is kapets soon, we will be in gold and chocolate, Putin has beaten everyone, but I think that we will have to work harder again.
    1. Far B
      Far B 26 August 2020 05: 44 New
      +3
      Yes, the mantra about Putinvsehobygrun has somehow become boring for 20 years. I remember that when the ruble crashed twice in 14, there was another hat on the Internet that, having dropped the exchange rate, he abruptly bought up almost all the foreign assets of Russian enterprises. No, well, it was so, cho. Deripaska won't lie with his aluminum.
    2. nickname7
      nickname7 26 August 2020 06: 56 New
      0
      soon, we'll be all in gold and chocolate, Putin beat everyone,

      Only we are not in chocolate, but the oligarchs, apparently for reliable legalization in the west, it is necessary, in addition to real estate, castles and yachts, dollars and pounds, to export gold.
      One of the news about the investigation of the "Moldovan scheme" was laundered and withdrawn from the Russian Federation 500 yards of dollars. What is called estimate the scale.
      1. Vadim237
        Vadim237 26 August 2020 17: 57 New
        -3
        They have withdrawn 500 billion rubles.
  3. Ragnar Lodbrok
    Ragnar Lodbrok 26 August 2020 05: 40 New
    10
    Quote: Far In
    Putin, like a dragon, sits on a pile of gold

    "I waited all day for a minute when I get off
    In the basement of my secret, to the faithful chests.
    Happy day! can i today
    In the sixth chest (the chest is still incomplete)
    Pour a handful of accumulated gold ...
    ... Oh, if I could from the gaze of unworthy
    I hide the basement! oh, if only from the grave
    I could come, as a sentinel shadow
    Sit on the chest and away from the living
    Keep my treasures as it is now! .. "
    For some reason, it immediately inspired. I agree, how much gold there is in the basements, whether oil and gas are expensive - the people practically do not get anything from this, as, for example, in Saudi Arabia. All the bourgeoisie with oligarchs and lured officials will grab themselves. on this celebration of life.
    1. Grandfather
      Grandfather 26 August 2020 05: 53 New
      +6
      the Russian economy suffered from quarantine not as great losses as the US and EU economies. It cannot be ruled out that this was facilitated by the confidence of the country's leadership in the presence of an additional gold reserve, which untied the hands for operations with other reserve funds: ruble and foreign exchange.
      the data given in the table, as it does not really confirm the above.
      And having currency in hand, it is much easier to solve many problems than with gold.
      started for health, finished for peace?
  4. ltc35
    ltc35 26 August 2020 06: 12 New
    -4
    Rather not buying than buying. Now Russia is actively selling gold in London, while domestic purchases, on the contrary, have been reduced. Accordingly, after a while, the growth of the gold reserve will end and even commercial banks, such as Sberbank and VTB, will start exporting their gold reserves. The article is overly optimistic.
    1. Nyrobsky
      Nyrobsky 26 August 2020 07: 19 New
      +1
      Quote: ltc35
      Rather not buying than buying. Now Russia is actively selling gold in London, while domestic purchases, on the contrary, have been reduced.

      Normal move. Foreign exchange earnings from oil and gas sales are falling as world prices and demand for them have fallen, and gold is steadily rushing uphill, so why not sell what is in demand? Russia has its own mines and, unlike many other countries, it is less dependent on external supply, so that the required amount of gold can be added to its box at any time.
      Quote: ltc35
      Respectively after a while, the growth of the gold stock will end
      Not accordingly ...
      Quote: ltc35
      The article is overly optimistic.
      Yes, she is, as it were, not entirely optimistic, especially in the final paragraph
      And having currency in hand, it is much easier to solve many problems than with gold. Monetary or on receipts, this is no longer so important.
      the article simply states that the bet on gold was timely and the golden maneuver was justified, since gold, simply "laying the sides" in the state treasury, currently brings income to the treasury.
      Quote: ltc35
      and even commercial banks, like Sberbank and VTB, will start exporting their gold reserves
      No, banks can store a certain amount of gold in a foreign country, and they do it, but this is in order to borrow a certain amount of currency from this foreign country on the security of this metal, which is, in principle, normal. But why should they be so substituted and export all the ingots in the conditions of endless sanctions, which can be stupidly frozen in accounts and withdrawn by the decision of some Dutch court to pay off the claim of some conditional "Vasya Pupkin"?
    2. Ingvar 72
      Ingvar 72 26 August 2020 07: 24 New
      -1
      Quote: ltc35
      Rather not buying than buying

      I also wanted to write about it. Who is the author trying to fool? 80% of gold and foreign exchange reserves are located abroad, while it is gold that is really sold, and not other assets. Against the backdrop of a recession in the global economy, this is an extremely dubious strategy. hi
  5. samarin1969
    samarin1969 26 August 2020 06: 12 New
    +5
    Quote: Far In
    Putin, like a dragon, sits on a pile of gold,

    Yes, indeed, the author, together with the "German" publicists, create such an image. But really she grazes the "ingots" by mm Nabiullin. And the theme of the sovereignty and "materiality" of the Russian "Fort Knox" has not been disclosed.

    ps Typically, data on China is designated as "classified".
    1. Far B
      Far B 26 August 2020 06: 19 New
      -1
      But really she grazes the "ingots" by mm Nabiullin. And the theme of sovereignty and "materiality" of the Russian "Fort Knox" has not been disclosed
      It remains to answer the question, who grazes m-me Nabiullina. And the guarantor is definitely not the last of the shepherds. But the topic of the "materiality" of the Russian money box is really interesting - if it was stated that it would be spent on national projects, and the national projects were practically officially recognized as failed and were postponed to 2030-1; if it was stated that the money from the box was set aside specifically for a rainy day, but on a rainy day they were not actually spent (or was it not a rainy day, according to the keepers of the box ???) ... So there, in the box, there is something, or how? No answer...
    2. Errr
      Errr 26 August 2020 08: 57 New
      +1
      Quote: samarin1969
      And the theme sovereignty and "materiality" of Russian "Fort Knox" not disclosed.
      And why is there to reveal something?
      Today, two-thirds of the gold and foreign exchange reserves of the Russian Federation are stored in the Central Vault of the Central Bank, located in Moscow on Pravda Street. The storage area exceeds 17 thousand square meters, of which the storage area is about 1,5 thousand m². The central repository was created in 1940 on the basis of the USSR State Bank Office. Now the Central Vault is part of the developed system of the Bank of Russia. In addition to the main storage unit in Moscow, inter-regional storage facilities are located in St. Petersburg and Yekaterinburg.
      A source: http://vegchel.ru/index.php?newsid=12461
  6. The leader of the Redskins
    The leader of the Redskins 26 August 2020 06: 13 New
    0
    I put a plus on your comment. And not because I am an economist or an economic expert. In general, I am a builder. But I look into my wallet, I look at my neighbors and acquaintances, and I don't hear the ringing of gold pieces in my pockets.
    I do not see the economic stability that this gold was supposed to provide. It means that something is wrong. Somewhere we have not outplayed everyone.
    Or maybe it us outplayed? Top?
    1. Far B
      Far B 26 August 2020 06: 24 New
      +1
      Somewhere we have not outplayed everyone
      So no one said it was we outplayed. Russia has one great replay. As one Mr. Volodin said, "there is a replay - there is Russia. If there is no replay, there is no Russia." So, if someone has a dull tinkle of gold, it is clearly not with us.
  7. nickname7
    nickname7 26 August 2020 06: 47 New
    +4
    the sensational article Die Welt last year, the desire of Russians to stock up on gold

    The author should take information not only from German newspapers. That was not a sensational article, but a case at Sheremetyevo when loaders accidentally dropped a container, and ingots of gold fell from there.



    From Katasonov's article " Russian gold headed for London"

    As it soon became clear, a couple of "bricks" with a total weight of 25,5 kg and a cost of almost 58 million rubles are only a part of the cargo, which must be placed in a container, and the container must take place in the cargo hold of the aircraft. In total, according to the tax return, there were 40 such suitcases with ingots. The total weight of the lot of gold was 1.023,75 kg, the cost in the first approximation is 2,32 billion rubles.
    The cargo was sealed and sent by flight SU2580 from Moscow to London by OJSC Krasnoyarsk Non-Ferrous Metals Plant named after V.N. Gulidov ". The press service of the plant reported that the gold does not belong to them, but a certain "holder of raw materials - a subsoil user" owns the cargo. They did not disclose the name of the client who ordered the gold "bricks" from the factory, citing a trade secret. So, they learned about this secret supply of gold quite by accident. Nobody knows how many such cargoes passed through Sheremetyevo. But it is obvious that the cargo “spotted” on March 26 is probably not the only one. I'm not even talking about the fact that besides Sheremetyevo, there are other channels for the withdrawal of gold from the country.

    So it's too early to rejoice to be gold in the Russian Federation at all.
    Katasonov also claims that the Central Bank buys gold not in foreign markets, but from miners inside the Russian Federation, and the Central Bank buys less than half, and most of it goes abroad.
    gold production in 2019 amounted to 368,0 tons; 43% of the produced metal was sent to the gold reserve
    Here is such a sad fact, roselitka, compradors export oil, timber, ore, and also export gold.
    1. nickname7
      nickname7 26 August 2020 07: 28 New
      +6
      It's funny that after the news leak, RosSMI focused on the amount of 58 million, they say, a penny, and meanwhile there were already 2 billion rubles. And the gold was not even sold as a value, but was simply taken out by a certain subsoil user as hand luggage or as a load of sawdust.
    2. Svarog
      Svarog 26 August 2020 07: 54 New
      +5
      Quote: nickname7
      Here is such a sad fact, roselitka, compradors export oil, timber, ore, and also export gold.

      No wonder, gold in our country always mysteriously disappears ..
  8. Egoza
    Egoza 26 August 2020 07: 01 New
    +1
    Quote: Far In
    Putin, like a dragon, sits on a pile of gold,

    "There Tsar Koschey wasted away over the gold!" trend however!
  9. Imperial Technocrat
    Imperial Technocrat 26 August 2020 20: 36 New
    +1
    Putin, even in the conditions of the West's hybrid aggression, is actively developing and pumping up the economy with money. You are a liar and a red-nosed infantile whiner https://zen.yandex.ru/media/m2econ/obzor-nedelnyh-dannyh-srazu-dva-istoricheskih-rekorda-plius-vneshnii-pozitiv-5f3679a45638c721a486dfd1
  10. Briz
    Briz 26 August 2020 21: 01 New
    +1
    the economy is habitually stagnating, incomes of the population are habitually continuing to fall

    Tell me my dear, in which country is the economy growing now? And the population of which country has increased income?
  11. Vadivak
    Vadivak 28 August 2020 20: 03 New
    0
    Quote: Far In
    Putin, like a dragon, sits on a pile of gold,


    And a bunch of gold in the wasteland ...
  • Asad
    Asad 26 August 2020 05: 36 New
    13
    My wife asked me to give a perfume for my birthday, looked at the price, seventeen thousand. I saw the widened eyes and said reproachfully, it’s only two hundred dollars. You. He gave me these five years ago and did not look so puzzled. It became a shame! There is stability in the country! And I do not work well!
    1. Grandfather
      Grandfather 26 August 2020 06: 02 New
      +5
      Quote: ASAD
      My wife asked me to give a perfume for my birthday, looked at the price, seventeen thousand.

      all my salary ... recourse
      1. Snail N9
        Snail N9 26 August 2020 07: 26 New
        +6
        Correctly they write here, Russia may not have gold at all, since it is not clear who is actually buying it, who is the ultimate beneficiary of this gold. Central Bank? He-he-Do not forget that the Central Bank has a closed type of shareholders with incomprehensible, "secret" rights. And gold may well end up in the possession of this closed circle of people. So it may well turn out that if those who are now sitting in the Kremlin lose the elections or for some other reason find themselves outside the power board, and new "leaders" come, then during the check it will turn out that Russia does not have gold, but what was allegedly hers or officially sold to an unknown person for $ 1, or it belongs to some fund or a murky bank, or is pledged, or ... officially leased for ... 1000 years ...
      2. depressant
        depressant 26 August 2020 08: 16 New
        +4
        Guys, due to another attack of the disease, I will confine myself to a brief remark. I began to read the list of Forbes gold miners in Russia. It became disgusting. It is unhealthy.
  • sergo1914
    sergo1914 26 August 2020 06: 14 New
    -3
    Pensions will soon be issued in gold bars. Screen it.
  • parusnik
    parusnik 26 August 2020 06: 23 New
    +1
    We are getting richer, getting stronger ... smile And in our area, unemployment is growing ... the summer will end very hard, it will be ...
  • Livonetc
    Livonetc 26 August 2020 06: 39 New
    0
    I have no degree.
    I do not understand the message at the end of the article of the distinguished doctor.
    Gold reserves.
    By its very definition, it is a combination of precious metals and currencies.
    What's the problem?
    Is the author worried about the decline in the use of the dollar in international payments?
    Well, this is not global, but only in terms of some transactions and settlements.
    The Russian Federation continues to use the dollar as a reserve currency as a reserve currency.
    And the dual-currency basket in the reserves is insurance and, in this respect, no political trends affect the actions of the Russian Federation in the financial sphere.
    There are enough highly liquid assets in the reserve.
    And the sale of gold at the peak of its value allowed, just to increase the volume of the currency component (and just in dollar terms).
    Gold has shown itself to be quite a successful financial instrument.
    But the policy of stimulating the economy by the state is another matter.
    So what's the problem with the reserve fund itself?
  • Vladimir61
    Vladimir61 26 August 2020 06: 40 New
    0
    The table of countries' gold reserves is indicative, but how objective is it? So, Germany is in second place, only the famous scandal spoils the whole picture a little.
    It is believed that the German gold reserve - the second in the world after the American - 3400 tons, which corresponds to a market value of about 140 billion euros. All this gold was purchased on the stock exchanges of New York, London and Paris. And there it remained - "in trust." It got to the point that about 45% of Germany's gold reserves (about 1500 tons of the precious metal) were stored in the US Federal Reserve System, another 450 tons - in the UK and 374 tons - in France. When, two years ago, the Bundestag deputies counted how much gold is located directly in Germany, they were quite surprised, having counted only just over 1000 tons. A scandal broke out. "Can a country be considered sovereign if two-thirds of its gold reserves are stored abroad?" - Chancellor's deputies asked Angela Merkel rhetorically. But nothing was achieved.
    1. 2 Level Advisor
      2 Level Advisor 26 August 2020 07: 11 New
      +6
      Yes, do not care about the German reserves, you need to look at ours, and if they were stolen from them, this did not mean more from us, but from some other side .. from the fact that Germany will even be in 10th place, we will not increase .. medals for places are not given in this case ..
      1. Vladimir61
        Vladimir61 26 August 2020 07: 34 New
        -2
        Quote: 2 level advisor
        Yes, do not care about the German reserves, you have to look at ours

        That's just the point! How much German is known in the USA, but ours? According to media reports, the United States holds gold from 60 countries.
        1. Snail N9
          Snail N9 26 August 2020 07: 51 New
          +2
          Well, the Accounts Chamber somehow had the stupidity to inquire about checking the gold reserves of Russia and Stepashin himself complained that he was ... sent ... In addition to the "report" with general figures, which in fact is a phony letter, the Central Bank did not provide any other data on the movement of the gold reserve of the Russian Federation with confirmation of documents (it is with confirmation of documents! - this is the most important thing!): where it is located, on what conditions, who are the ultimate beneficiaries of its parts, when, where and from whom and at what price it was purchased or sold and etc. laughing
  • Gardamir
    Gardamir 26 August 2020 07: 00 New
    +7
    More and more articles about some kind of virtual Russia. And we are the people of Russia, we have nothing to do with this Russia.
    Yesterday, virtual Russia forgave the debts of Belarus, today for some reason they tell us about the purchase of gold in that Russia. And in our Russia, people go shopping less and less. As in the 90s, they are looking for somewhere cheaper.
    1. nickname7
      nickname7 26 August 2020 07: 19 New
      +5
      virtual Russia. And we are the people of Russia, we do not even have anything to do with this Russia.

      This is what is called the battle of "TV and refrigerator", it looks like the refrigerator wins.
      1. Gardamir
        Gardamir 26 August 2020 07: 33 New
        +2
        TV-fridge battle
        now the TV and the refrigerator are at the same time. On the TV, "everything is fine," and for the refrigerator there are palm trees in Malaysia.
    2. Vadim237
      Vadim237 26 August 2020 18: 01 New
      0
      More and more people order online.
  • nikvic46
    nikvic46 26 August 2020 07: 13 New
    +2
    For each country, gold reserves have its own meaning. Gold is mined not only in our country for our country. It is mined by private companies in Africa. The main thing is to be able to sell it on time.
  • RUnnm
    RUnnm 26 August 2020 07: 13 New
    +3
    Two world wars, together with the Great Depression of 1929-1933, actually forced the Western world to abandon the "gold standard" and switch to the dollar model

    - Not certainly in that way. The gold exchange standard was introduced at the Genoa conference in 1922. True, yes, until 28, it was the Reichsbank that was only transferred to it (if my memory serves me right), because Great Britain and the USA introduced their currencies as standards. And in 1944, the Bretton Woods post, yes, the known to us gold and foreign exchange standard was introduced, headed by the dollar.
    1. Cube123
      Cube123 26 August 2020 14: 48 New
      0
      Quote: RUnnm
      And in 1944, the Bretton Woods post, yes, the known to us gold and foreign exchange standard was introduced, headed by the dollar.

      And since 1973, the Bretton Woods system was canceled and the current Jamaican monetary system was adopted.

      "Key dates of the development of the crisis
      March 17, 1968. A double gold market has been established. The price of gold in private markets is set freely in accordance with supply and demand. According to official transactions for the central banks of the countries, the dollar is still convertible into gold at the official rate of $ 35 per troy ounce.
      August 15, 1971. US President Richard Nixon announced a temporary ban on converting the dollar into gold at the official exchange rate for central banks.
      December 17, 1971. Devaluation of the dollar against gold by 7,89%. The official price of gold increased from 35 to 38 dollars per 1 troy ounce without resuming the exchange of dollars for gold at this rate.
      February 13, 1973. The dollar devalued to $ 42,2 per troy ounce.
      March 16, 1973. The Jamaican International Conference subordinated exchange rates to the laws of the market. Since that time, exchange rates are not fixed, but change under the influence of supply and demand. The system of fixed exchange rates ceased to exist.
      January 8, 1976. After a transitional period, during which countries could try different models of the monetary system, at the meeting of the ministers of the IMF member countries in Kingston, Jamaica (Jamaica Conference), a new agreement was adopted on the structure of the international monetary system, which took the form of amendments to the IMF charter. A model of free mutual conversions was formed, which became characterized by fluctuations in exchange rates. The Jamaican Monetary System is still valid, although in the light of the global crisis of 2008-2009, consultations began on the principles of a new world monetary system (Anti-crisis G20 summit, London G-20 summit). "

      https://ru.wikipedia.org/wiki/%D0%91%D1%80%D0%B5%D1%82%D1%82%D0%BE%D0%BD-%D0%92%D1%83%D0%B4%D1%81%D0%BA%D0%B0%D1%8F_%D1%81%D0%B8%D1%81%D1%82%D0%B5%D0%BC%D0%B0
  • RUnnm
    RUnnm 26 August 2020 07: 44 New
    +1
    Quote: Cube123
    Russia buys gold FOR RUBLES from its own miners

    I am familiar with this version. Say, through state banks, we buy gold from our producers. But ... if we take the reports of the largest Russian producer, such as Polyus Gold, and compare the reports on production and sales, then we will not even see that the bulk of gold would go to the domestic market.
    1. Cube123
      Cube123 26 August 2020 15: 07 New
      +1
      Quote: RUnnm
      Quote: Cube123
      Russia buys gold FOR RUBLES from its own miners

      But ... if we take the reports of the largest Russian producer, such as Polyus Gold, and compare the reports on production and sales, then we will not come close to seeing that the bulk of gold would go to the domestic market.

      It was not about the domestic market, but about the purchases of gold by the Central Bank. Read the primary sources. For example, the Central Bank publishes reports on the structure of reserves on its website on a quarterly basis. Dig, it has been there for many years. Practically, since the creation of the Central Bank of the Russian Federation in the early 90s. Here is an example of such a report - this is the official state information

      http://www.cbr.ru/content/document/file/71385/bp.pdf
      "PAYMENT BALANCE,
      INTERNATIONAL
      INVESTMENT POSITION
      AND EXTERNAL DEBT
      RUSSIAN FEDERATION
      Moscow
      2020 "

      Page 57 for Q1 2020.
  • Errr
    Errr 26 August 2020 07: 45 New
    -2
    Even a cursory analysis allows us to understand that for a real equalization of the status of the Russian ruble with the leading currencies [$ and €] in the gold reserve of the Russian Federation at the moment there is clearly not enough 5 thousand tons of "despicable metal". smile
  • RUnnm
    RUnnm 26 August 2020 07: 57 New
    0
    Quote: Cube123
    Buying gold for rubles is exactly an investment in the Russian economy

    1. Wait, you are now talking purely about the security of the money supply of gold reserves, but a counter question - what is the security of the dollar supply of gold reserves? And, of course, the IMF is an excellent advisor, this has long been understood and was last confirmed by the fulfillment of the requirement to increase the retirement age. But what does the fulfillment of their requirements give us? You need to think first of all about your country, and not about the IMF.
    2. I understand what you want to say that when buying for currency, gold and foreign exchange reserves remain the same (dollars flowed into gold), and when buying for rubles, gold and foreign exchange reserves grow and an increase is given to the possibility of increasing the money supply. But I’m talking about something else - not about growth due to simple emission, but about investments in the production of the existing money supply. Is there any point in inflating the money supply for the sake of not working, but simply again, in a circle, settled in the funds of the same gold and foreign exchange reserves? Something doesn’t seem like we would have accumulated its huge volume in order to invest in global projects at some point. We just drive it around, from time to time, using it as an airbag. And that's all. The economic effect is minimal from this scheme.
  • 7,62h54
    7,62h54 26 August 2020 07: 59 New
    +2
    All the same, in the end, the gold reserve will disappear, as was the case with the gold of the Kolchak and the gold of the party.
    1. Vadim237
      Vadim237 26 August 2020 18: 06 New
      -3
      All the gold in special storage will not go anywhere, like diamonds, etc. And the gold of the party for 1986, the USSR had only 427 tons. 140 tons of it was used in the same year for the purchase of consumer goods food equipment from capitalist countries - the party spent everything closing the growing holes of the Soviet planned economy.
  • RUnnm
    RUnnm 26 August 2020 08: 14 New
    +1
    Quote: Nyrobsky
    We buy gold from our own mines, for our own rubles. So - we store metal in kind, not in papers.

    - Well, I don't see this in any way from the reports of the same "Polyus".
    Quote: Nyrobsky
    Well, now the indices are falling, stocks are getting cheaper, and gold is growing. The crisis loves safe assets.

    - now it is growing, then it will fall. And if sanctions are imposed on the exchange trading in Russia, where will we put the gold?

    Quote: Nyrobsky
    Americans do not worry about this at all. The 8 thousand tons of gold in their storehouse will in no way be able to cover their 25 trillion debt.

    - quite right! But there is one caveat, with the gold and currency system, their dollar is already the same gold reserves. And their depreciation occurs precisely by the amount of refusal from the dollar in the calculations.
    Quote: Nyrobsky
    And what is more profitable for the United States itself to fill up the dollar system and switch to a new standard?

    - but this interests me least of all. My personal, and perhaps deeply mistaken, opinion is that the current world system should definitely be destroyed, because the prevalence of the non-financial sector will not be good during the global crisis (and this is just a matter of time). And it is better to be ready for this in order to maximize the benefits for your country and people.
    Quote: Nyrobsky
    It used to be thought so. Today they think differently, namely, how to reduce the world's population from 7 billion to 500 million in order to reduce the costs of their maintenance and nourishment.

    - You contradict yourself))) Malthusianism has not appeared in recent years.
  • RealPilot
    RealPilot 26 August 2020 08: 16 New
    -1
    Black is white, white is black!
    And the moral is that foreign (we are talking about it, but also good fellows) journalism has no morality.
    The immediate benefit makes you diametrically change your opinions, while smiling and pretending that everything is fair. That is, no matter what Putin or another leader does, the likelihood of a laudatory or derogatory article depends only on the paying party - the owner of the newspaper.

    And gold is always good. We are a gold-mining country, it allows us to print rubles from our resources, becomes a source of ruble investments. One can only rejoice for such gold reserves!

    And only countries that do not have resources can scold the sources of natural wealth ... It helped us for centuries, did not let us down.
  • RealPilot
    RealPilot 26 August 2020 08: 34 New
    +2
    And here I would like to recall about 80 tons of Venezuelan gold in the Bank of England.

    The London High Court denied gold to Nicolas Maduro's government in July, recognizing that the president was Juan Guaido.
    That is, while trying to get 1 billion dollars to fight the coronavirus (!) Venezuela was unable to do it.
    This is a discrediting of the Bank of England, even their parliamentarians spoke negatively about such a loss of image, for only 1 billion.

    But what does this mean? If the rules set by the gentlemen do not suit them, then the gentlemen change the rules.
    Having sat down to play cards with a sharpie, it is difficult to talk about a fair game.

    Politics, politics, politics. Therefore, gold must be stored internally.
  • Mikhail3
    Mikhail3 26 August 2020 09: 28 New
    +5
    The main problem with gold is that it is worthless. It is a soft metal with good electrical conductivity and is quite inert; for example, it can be used to cover the walls of chemical reactors, saving steel. This does not cover even a hundredth of its artificial cost. Accumulating gold means believing in the integrity of the global financial system. And also unicorns and brownies, yeah.
    At any time, the global financial gang can switch to other standards. Well, not in general, in any, but in any convenient for them. And all the cunning multi-walkers based on gold will crumble miserably, leaving the cunning people alone with their poverty and stupidity, who only yesterday seemed to them wealth and intelligence.
    There are only two types of REAL wealth in the world. The first, far from the main one, is production and infrastructure, including housing. It is necessary to accumulate and develop all this for centuries. Whoever has it - just has a base that can be used at any time as needed right now. But the first kind is useless without the second, the real one, which determines everything. As you can imagine, these are PEOPLE.
    Honest, loyal, efficient, smart, skillful, patriotic ... You can only rely on such people. How are we with this case? In-in. Like some madman who chops off his feet with an ax, our genius state has been doing everything for more than 30 years to infringe, humiliate, and ideally destroy such people completely. The more you match at least part of the listed qualities, the worse your business is.
    What is the ideal in our state, who is flourishing here? Eh ...
    Without developing our economy, trying by all means to limit and stop its development, without at least growing infrastructure, preferring to buy factories over the hill and use them in the form of unopened boxes, our brilliant authorities are doing everything to turn good into shit. Profit in worthless yellow metal. Pancake...
  • Old Orc
    Old Orc 26 August 2020 09: 40 New
    +1
    Gold, like any other money, is not an end, it is a means that should ensure the growth of the well-being of the people. and if it lies dead weight, then, in principle, what difference does it make where it lies in the ground with ore or in a bank with ingots?
  • BAI
    BAI 26 August 2020 09: 53 New
    0
    Something the author contradicts himself.
    First
    But only a few analysts at the same time wondered what kind of gold Russia is actually buying: monetary or in the form of depositary receipts.

    Wherein:
    more convenient by the receipts themselves, which, however, are expensive and liquid only as long as they are bought. And they may well fall, for example, under US sanctions. In essence, the purchase of gold in receipts can turn into a trivial withdrawal of capital from the country.

    And ends:
    Monetary or on receipts, this is no longer so important.

    So what kind of gold is it? Monetary or on receipts?
    In 2019, they produced 350 tons - 29 per month. Obviously, some part went into the stock, the rest - technical and jewelry needs. But how does this correlate with 20 tons?
  • A. Privalov
    A. Privalov 26 August 2020 10: 04 New
    +1
    Russia is in fifth place in the world among countries (behind the United States, Germany, Italy, France, but ahead of China) in terms of declared gold reserves - about 2300 tons for July 2020 worth $ 130,79 billion, with a share in the total value of the RF gold reserves of about 23%


    The record for gold reserves was recorded in 1941 - 2800 tons. Russia has not surpassed this result so far.
  • abrakadabre
    abrakadabre 26 August 2020 10: 16 New
    0
    The author extremely negatively assessed the maniacal, in his opinion, desire of the Russians to stock up on gold.
    Judging by the volume of physical gold, Russia is not even in the top five maniacs. If we look not at the ownership of the ingots, but at their actual location, then there is exactly one maniac on our planet. By a wide margin. But for some reason they don't reproach him for this.
  • iouris
    iouris 26 August 2020 10: 36 New
    -1
    "I will buy everything," said gold
    "I'll take everything," said the damask.
    (Unknown Russian political scientist and financial analyst of known origin)
  • certero
    certero 26 August 2020 15: 12 New
    +1
    Quote: Stas157
    But only I think Russia will hardly fix profits at the top. The competence of the government's economic bloc has always raised puzzling questions.

    Well, in what currency do you propose to go selling gold? It's even easier to ask for what currency to sell gold?
  • akunin
    akunin 26 August 2020 16: 24 New
    +1
    meanwhile, the gold and foreign exchange reserves of Canada
    remained unchanged and amounted to 0 tons in the first quarter of 2020
    , and Canada is ahead of us in GDP (if I remember correctly, then Trudeau left 3 ingots). Could it be better to raise GDP, and not the size of the gold reserve?
    1. Slon379
      Slon379 27 August 2020 07: 08 New
      +1
      He did not leave, but was allowed to leave. Instead of a spine, they have an American penis.
      1. The comment was deleted.
  • Alexey Kurilov
    Alexey Kurilov 26 August 2020 17: 16 New
    0
    So Putin will tell you how much gold is actually in the box of Russia In addition to buying gold, there is also gold mining And its annual volume is a secret
    1. Vadim237
      Vadim237 26 August 2020 18: 08 New
      0
      About 320 tons of gold per year are mined in Russia.
  • itis
    itis 26 August 2020 19: 41 New
    -1
    no one is dying out. The UN suddenly calculated the growth of the population of Russia by 2 lemma (due to the Crimea, of course).
    keep it up!
  • Drugov
    Drugov 26 August 2020 20: 15 New
    0
    Yeah, Putin is smart, but the trouble is, the dollar against the ruble today is 76. Although, of course, there are fools who believe that a cheap ruble is a blessing for the economy and that this very economy does not at all depend on the dollar.
    1. akunin
      akunin 27 August 2020 08: 02 New
      +1
      Quote: Drugov
      there are fools who believe that a cheap ruble is a blessing for the economy and that this very economy does not at all depend on the dollar.

      not fools at all think so (oligarchs and state oligarchs such as Sechin / Miller) sell to the West for foreign currency, while labor and resources are bought from us for rubles.
  • Imperial Technocrat
    Imperial Technocrat 26 August 2020 20: 37 New
    0
    The fact is that in November there was a civil war and disintegration in the USA, followed by the collapse of the world dollar system. That's what gold is for
    1. akunin
      akunin 27 August 2020 08: 04 New
      0
      Quote: Imperial Technocrat
      US civil war and disintegration in November

      wang? from the other world? yesterday, before the civil war and the collapse of the United States, the ruble fell more than the ruble (pun intended) against the dollar.
  • Shadow041
    Shadow041 27 August 2020 12: 26 New
    0
    This is good, but there is something to strive for, since today even small and far from the most advanced Italy has more gold than the Russian Federation. It would not hurt to fix it.
  • Husit
    Husit 27 August 2020 18: 40 New
    -7
    "Putin wanted to reduce the dependence of Russian reserves on the US dollar and with the help of gold he skillfully coped with this geopolitical task."

    I always suspected that Putin has assembled a team of specialist analysts and the men are doing good work .. So to say, "shadow government"!
    And all sorts of Medvedevs, Serdyukovs, Rogozins, etc. These are whipping boys .. lol
    It is not for nothing that Trump recently called Putin a "world-class chess grandmaster" .. And where the GDP is to go, one wrong move and an op will start, and then protests, etc. He literally maneuvers at the edge of the blade ..
    That's why the world is afraid and respected him! And our fifth column literally beats in epileptic hysterics, if we pronounce his name and praise him a little. bully
    Everything went beautifully in Belarus, there was a pause, and then a quiet blow, without chatter, etc. Learn Old Man!
    This is how we live from provocations to provocations .. We can only dream of rest in Russia!
  • Roman246810
    Roman246810 28 August 2020 10: 28 New
    -1
    "Putin wanted to reduce the dependence of Russian reserves on the US dollar and with the help of gold he skillfully coped with this geopolitical task."

    Yes uzhzhzh .. master felt-tip pen .. The dollar exchange rate only does not know about it ..
  • nalogoplatelschik
    nalogoplatelschik 1 September 2020 15: 58 New
    0
    In my opinion, Putin has nothing to do with it. Maybe just a little. The execution of the instructions of the IMF is clearly traced. This is not advertised, only it is very noticeable. Who is driving all this is a question. Obviously not Putin. He cannot cope with such a lump.