The trend is alarming: has gold begun to slowly “flow away” from Russia?


Gold has been a popular topic in the past couple of years economic News. The price of it is growing steadily, many countries are rapidly increasing their gold reserves. Russia is one of the champions in the pace of building up this precious metal. However, last year there was one bad trend that I would like to draw attention to.


Objectively, today there is a "golden revenge": the yellow metal, since ancient times a symbol of wealth, from which the most voiced and coveted coin was minted, begins to return to its former positions more and more quickly. But for this, he will have to push the dollar off his pedestal, on which he found himself as a result of numerous manipulations.

The expulsion of precious metals from monetary circulation began in 1971, when the US Treasury stopped exchanging dollars for gold stored in Fort Knox. In 1976, the gold standard was completely abolished, and the American currency turned into green paper, provided only with the military power of the United States. The yellow metal, which has been precious for thousands of years, has been artificially transformed from money into a regular exchange commodity.

Gold was not going to give up, and in 1980 it began to rise sharply in price, reaching $ 875 per troy ounce. To maintain the position of its paper dollar, the US Federal Reserve was forced to create a secret cartel of the largest central banks, which were supposed to play together to lower the cost of the yellow metal. An information campaign began against gold, financial instruments such as “paper gold” were invented, large volumes of this precious metal were thrown onto the market using various schemes.

In 1999, the cartel came out of the shadows. Several five-year agreements were signed between the largest central banks on the regular sale of gold in certain volumes. The Central Bank of Switzerland distinguished itself most in this field, having sold 1,17 thousand tons in the first five years. It was followed by the central banks of the United Kingdom and the Netherlands. In the next five years, France became the leader in sales with 572 tons, followed by the European Central Bank and the Central Bank of Switzerland.

But in 2009, everything changed due to the crisis. The cost of the precious metal exceeded a thousand dollars per ounce, and the golden trickle almost ran out. It became impractical to play against the market, and since 2014, former sellers began to increase its stocks again. In 2019, the next five-year period has expired, but there is no new agreement yet. And, most likely, it will not. There are several reasons for this.

At first, the world's largest central banks re-enabled printing presses, conducting the so-called "policies quantitative easing. " In other words, they began to print more paper money, while the key rates in the Central Bank began to decline to minimum values. This sharply increased the attractiveness of gold in the eyes of investors.

Secondly, the world clearly smells of an impending economic crisis, and even worse, given the situation in the Middle East. Investors also prefer to sit in gold.

As for the Central Bank of the Russian Federation, over the past few years, its policy regarding gold reserves could only be welcomed. So, in 2011 this precious metal in storage was 788,62 tons. In 2014, it was already 1035,21 tons. The real breakthrough has occurred in the last few years: in 2017 - 1615,19; in the next 2018 - 1838,79 tons; and in 2019 - 2113,36.

As of today, this is 2271,31 tons. Such thrift is to be welcomed, but some oddities have appeared. One of the sources of replenishment of storage facilities is gold mining in Russia. But for some reason, the Central Bank began to curtail purchases in the domestic market. So, of the precious metal produced in 2018 in the country, only 16 tons went for export, and 95% remained in Russia. But already in the past 2019, 100,5 tons of gold left the country, that is, a third of the gold produced.

The trend is alarming, given that the cost of the yellow metal is only growing. In addition, the government torpedoed a bill according to which operations on the sale of gold bullion were to be exempted from VAT. According to the idea of ​​the document, the population should have received in the form of gold an alternative to the accumulation of dollars "under the mattress."

Recall that when Mishustin was the head of the Tax Service, VAT was increased from 18% to 20%. In some foreign countries, investment gold is not subject to VAT. For comparison, in China, whose gold reserve is the next largest after Russia, private investment demand for this precious metal is an impressive 61% of production. In our country, as of 2017, the share of private demand amounted to 1,3% of production. There is something to ponder.
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  1. 123 Offline 123
    123 (123) 3 February 2020 15: 27
    +7
    Yes, do not think, you just need to continue the emerging trend and replace the leadership of the Central Bank.
    1. Rusa Offline Rusa
      Rusa 4 February 2020 14: 54
      +5
      Even better, the CBR is constitutionally subordinate to the Federal Assembly.
      All gold mined in Russia must go to state reserves.
      1. 123 Offline 123
        123 (123) 4 February 2020 16: 29
        +4
        Even better, the CBR is constitutionally subordinate to the Federal Assembly.

        In principle, I also meant this, I did not finish it. laughing Thank you for completing. hi

        All gold mined in Russia must go to state reserves.

        Everything will not work, part should go to industry, jewelry, private owners, etc. But the need for sales abroad is extremely doubtful. Moreover, the situation is strange, the Central Bank itself does not mine gold, but it goes to him and he disposes of it further, while remaining uncontrollable. The situation needs to be changed. We are waiting for changes to the Constitution 2.0. ????
    2. Alf Offline Alf
      Alf (Vasiliy) 4 February 2020 21: 54
      +3
      Quote: 123
      Yes, do not think, you just need to continue the emerging trend and replace the leadership of the Central Bank.

      On whom? On the same? Who will change? Anyone who said that when amending the Constitution, its foundations will not be changed?

      Changes Mr. Shilo to Mr. Soap.
      1. 123 Offline 123
        123 (123) 5 February 2020 00: 25
        +1
        On whom? On the same? Who will change? Anyone who said that when amending the Constitution, its foundations will not be changed?

        And you, excuse me, what fundamentals in the Constitution do not suit you? Our constitution thirty years ago was beautifully written, but they were in no hurry to implement it. But who runs the Central Bank is of great practical importance.
  2. Alexzn Offline Alexzn
    Alexzn (Alexander) 3 February 2020 15: 38
    +1
    The expulsion of precious metals from monetary circulation began in 1971, when the US Treasury stopped exchanging dollars for gold.

    The expulsion of gold began under capitalism with the advent of paper money in the 17th century, and as bank credit developed, gold collateral became formal, and in the 20th century it was long gone.
    Hints that gold money is being returned is simply ridiculous. Gold is nothing more than a reserve product, convenient for storing insurance reserves, gold has a very tangent relationship to the financial system.
    1. maidan.izrailovich (Maidan Izrailovich) 5 February 2020 05: 00
      +1
      AlexZN (Alexander)
      Hints that gold money come back just ridiculous. Gold - no more than backup product, .

      A product can also fulfill the function of money.

      Money - an equivalent serving as a measure of the value of any goods and services, capable of exchanging directly for them. In its form, money may be a special item, security, sign of value, various goods or values, records on accounts [4].

      https://ru.wikipedia.org/wiki

      And the EAEU Customs Code generally includes money and any other currency values ​​in the concept of goods. (Article 2).
      But plus, I still put it to you. Otherwise, you have correctly stated everything. yes
      1. Alexzn Offline Alexzn
        Alexzn (Alexander) 6 February 2020 09: 24
        +1
        Quote: maidan.izrailovich
        AlexZN (Alexander)
        Hints that gold money come back just ridiculous. Gold - no more than backup product, .

        A product can also fulfill the function of money.

        Money - an equivalent serving as a measure of the value of any goods and services, capable of exchanging directly for them. In its form, money may be a special item, security, sign of value, various goods or values, records on accounts [4].

        https://ru.wikipedia.org/wiki

        And the EAEU Customs Code generally includes money and any other currency values ​​in the concept of goods. (Article 2).
        But plus, I still put it to you. Otherwise, you have correctly stated everything. yes

        I do not quite understand what confused you the definition of gold as a reserve product? And yes, gold is a special product that can act as money. The fact is that money in the classical sense is gradually dying. First, gold died, having gone to the reserve (gold settlements in real practice disappeared), now paper money is being supplanted by credit cards. The world is moving towards the fact that paper money will physically disappear, they will be replaced by virtual ones in the accounts. Therefore, I emphasized that gold is a reserve commodity (which can act as money).
        Well, to the eyeballs. Basel 3 decided - gold is a monetary asset of the first category, equal to cash or cashless banking positions.
  3. kriten Offline kriten
    kriten (Vladimir) 3 February 2020 16: 57
    +1
    The enemies of Russia are not asleep, the president so far indulges them. A little more, and they will go on the offensive. 2/3 if 3/4 of the media are in their hands, plus money and half, if not more, of officials in the Government and 100% of the Central Bank.
    1. YUG64 Offline YUG64
      YUG64 (Yuri) 4 February 2020 12: 19
      +1
      Indulging the enemies, the president doubled the Russian gold reserve in five years ... Or did someone else order it? These are probably enemies ...
      1. kriten Offline kriten
        kriten (Vladimir) 4 February 2020 12: 25
        0
        For the sake of whose interests this is done. Can not allow strangers to sweet feeders? There are no free markets - not only enemies, but also vassals began to devour. Now, when people really will be remembered, and not in programs that were not implemented and no one was responsible, until recently, then we will see that the people at this holiday are not superfluous.
        1. YUG64 Offline YUG64
          YUG64 (Yuri) 4 February 2020 12: 32
          +2
          What is this meaningless set of words for? Relax, dear friend!
  4. The comment was deleted.
  5. Upmost Offline Upmost
    Upmost (Innocent) 3 February 2020 19: 02
    -1
    Quote: kriten
    The enemies of Russia are not asleep, while the president is indulging them

    So why does he indulge? Is he nanogenic, or where?
  6. Alexzn Offline Alexzn
    Alexzn (Alexander) 3 February 2020 20: 13
    0
    Quote: kriten
    The enemies of Russia are not asleep, the president so far indulges them. A little more, and they will go on the offensive. 2/3 if 3/4 of the media are in their hands, plus money and half, if not more, of officials in the Government and 100% of the Central Bank.

    So in Russia, only a third are not enemies of Russia?
  7. Pavel Fedorov Offline Pavel Fedorov
    Pavel Fedorov (Pavel Fedorov) 4 February 2020 10: 55
    +2
    The Liberal Compratodor Judean elite will both accumulate more gold and merge it to the West, where their money, children, houses ....
  8. krasstar Offline krasstar
    krasstar (Igor) 4 February 2020 11: 43
    -5
    Everyone has long known that the whole world is a colony of the United States, Russia in this regard is not even a country of the 3rd, but of some completely "out of the ordinary" world, a gas station, in general. Whoever says anything. To understand the logic of our rulers, and even more so to foresee, is an absolutely senseless undertaking - who knows what is going on in METROPOLIA ...
    1. YUG64 Offline YUG64
      YUG64 (Yuri) 4 February 2020 12: 22
      +5
      Change the training manual, at least for the sake of respect for those to whom you are trying to brainwash. The country is a gas station and a colony of the USA with hypersonic rockets and nuclear power plants of the last generation, to which the hegemon is about seventeen years old - somehow quite idiotic.
      1. YUG64 Offline YUG64
        YUG64 (Yuri) 4 February 2020 12: 33
        +1
        Thank you for your objectivity and impartiality !!
    2. maidan.izrailovich (Maidan Izrailovich) 5 February 2020 05: 13
      0
      Already everyone long it is known that the whole world is a colony of the USA ...

      In this case, "long ago" about what. If your age, then yes, for a long time. And if regarding world history or the age of Russia, then it is not even yesterday, but this morning.
  9. camo ridges Offline camo ridges
    camo ridges (Michael) 4 February 2020 21: 46
    +2
    The more gold is in the hands of the state, and the less it is held by private holders, the more confidence is in the strength of the state and in its stability. And this is a guarantee that some shameless moneybags will not start the game against the gold reserves of Russia ...
  10. gorenina91 Offline gorenina91
    gorenina91 (Irina) 5 February 2020 06: 43
    0
    The trend is alarming: has gold begun to slowly “flow away” from Russia?

    It is strange ... - quite recently on the site a topic flashed about that Russia is successfully increasing its "Gold reserve" ... - And this gold has already begun to "flow away" from Russia ...

    So, of the precious metal produced in 2018 in the country, only 16 tons went for export, and 95% remained in Russia. But already in the past 2019, 100,5 tons of gold left the country, that is, a third of the gold produced.

    - Figase - this is the "difference" ...
    - And wasn’t the "old" (replaced) government going to scramble with a third of the produced precious metal ??? -Hahah ... - And our guarantor had to urgently change the government ... - Joke ...
    - But this is quite possible:
    - The Central Bank of Russia "obeys" the United States ... - it is much easier to make an official application and take the Russian gold ... - even to Fort Knox ... - and our renegades will be given a kickback by the Americans ... - That's all. ..
  11. Potapov Offline Potapov
    Potapov (Valery) 5 February 2020 10: 42
    0
    Collected when no one needed ... It's time to return to the owners ...
  12. Monster_Fat Offline Monster_Fat
    Monster_Fat (What's the difference) 5 February 2020 19: 11
    +1
    They are ridiculous - they were told, like, “Russia has so much gold,” and they believe. Even in spite of the fact that nowhere to find data on the audit of the gold reserves of Russia. Have forgotten, go, the saying about what is written on the fence, like, since the authorities say, then it is so. Naive and stupid. But even this is not the main thing, why did everyone get the idea that gold (if any) belongs to Russia? What belongs to the Central Bank is the property of the Central Bank and its beneficiaries, and here the most interesting thing is that this property within the beneficiaries can be divided disproportionately to their participation. So Russia actually has nothing - that is, it is a "beggar" (as in the movie "Beware of the Car") and this can be seen from how people in Russia are robbed, literally pulling every penny out of the people's pocket, not disdaining robbing even the most disadvantaged, moreover, they rob shamelessly, already without hesitation, without giving anything in return. Russia has no gold from the word at all. You will see that if those who are now sitting in the Kremlin lose, are pushed away from power, then it will immediately become clear that all the gold has "evaporated" somewhere ...
    1. Alexzn Offline Alexzn
      Alexzn (Alexander) 6 February 2020 18: 00
      -3
      Quote: Monster_Fat
      They are ridiculous - they were told, like, “Russia has so much gold,” and they believe. Even in spite of the fact that nowhere to find data on the audit of the gold reserves of Russia. Have forgotten, go, the saying about what is written on the fence, like, since the authorities say, then it is so. Naive and stupid. But even this is not the main thing, why did everyone get the idea that gold (if any) belongs to Russia? What belongs to the Central Bank is the property of the Central Bank and its beneficiaries, and here the most interesting thing is that this property within the beneficiaries can be divided disproportionately to their participation. So Russia actually has nothing - that is, it is a "beggar" (as in the movie "Beware of the Car") and this can be seen from how people in Russia are robbed, literally pulling every penny out of the people's pocket, not disdaining robbing even the most disadvantaged, moreover, they rob shamelessly, already without hesitation, without giving anything in return. Russia has no gold from the word at all. You will see that if those who are now sitting in the Kremlin lose, are pushed away from power, then it will immediately become clear that all the gold has "evaporated" somewhere ...

      Why write such nonsense? Today, 90% of the Central Bank’s profit is withdrawn in favor of the budget. And who, then, is the beneficiary?