How Russian gold settles in London with the filing of the Central Bank


Russian economy steadily moving towards a systemic crisis: revenues from sales of hydrocarbon exports are falling, business activity is paralyzed by quarantine, the United States is increasing pressure on the domestic energy sector, now taking Rosatom on its sights. In such conditions, the main protective asset of all times and peoples - gold, can become a big support.


However, right now, when its reserves are so important, the precious metal began to flow abroad. This gives rise to ask perplexed questions to the leadership of the Central Bank, from the filing of which it all began.

Gold has historically been a measure of value, commodity and money, a way of accumulating and demonstrating wealth. From this position, the owners of the printing press, from which the US dollars came out, shoved him with tremendous difficulty. But “pieces of paper” are just “pieces of paper”, it doesn’t matter if they are American, European or Chinese. When the situation in the world clearly smells of kerosene, everyone who can afford it goes into gold as a protective asset.

While everything was relatively “good”, the activities of the Central Bank of the Russian Federation on the gold market could only be welcomed. The megaregulator actively bought up yellow metal, due to which our country came out in fifth place in the world among its largest holders and after several years of continuing such policy could move to an honorable fourth. According to reports, $ 120 billion worth of gold is stored in the vaults. The amount in itself is impressive, and it may increase even more, as it is predicted that the precious metal will continue to grow in price.

And here questions arise. Since the beginning of 2020, statistics have been released according to which gold exports from Russia in 2019 increased by 8,4 times. It went to the UK, which is considered the world's largest "golden hub." This frankly negative trend continued this year. On April 1, the leadership of the Central Bank of the Russian Federation announced the suspension of the purchase of this precious metal, and this was not a joke. Gold flowed from Moscow to London from the vaults of banks with state participation: VTB, Sberbank, Gazprombank and Promsvyazbank, about which we are in detail told earlier.

Someone will say that credit institutions simply skim the cream off high prices, but according to all forecasts, gold quotes will only continue to grow. Black Day is yet to come, is it worth it to sell off the only real defensive asset so quickly, transferring it to the camp of geopolitical opponents of Russia? Especially when you consider that the backbone banks of the country do this. Question.

The most interesting thing is that this negative trend was actually launched by the Central Bank itself. The request from the Reutars agency in the mega-regulator was answered as follows:

The Bank of Russia is now buying gold on pricing terms, including discounts that have been set since December 2019.

All last year, the discount with which the Central Bank of the Russian Federation bought gold on the domestic market grew monthly, thereby objectively stimulating the export of precious metals abroad, where the price was higher. Why was this done, another question to the department of Elvira Nabiullina.

As a matter of fact, there have been a lot of them, questions, to the Central Bank of the Russian Federation for a very long time. The regulator is independent of the state, its “accountability” does not mean its “accountability”, it is not responsible for the obligations of the state. Thus, 2,14 trillion rubles recently paid by the Russian government for the Savings Bank of the Russian Federation to the Central Bank of the Russian Federation are actually withdrawn from the assets of the NWF, and the state can no longer directly count on them.

Many will be interested to know that, in principle, nothing will prevent the Central Bank from transporting gold from its depositories in Russia abroad, to London itself. The entire regulatory framework giving him such a right is available. For a long time, some independent economists have been proposing to transfer gold from the balance of the Central Bank to the balance of the Ministry of Finance of the Russian Federation. But, as we see in the example of Sberbank, in our realities in practice sound ideas take the most perverted forms.
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  1. Monster_Fat Offline Monster_Fat
    Monster_Fat (What's the difference) April 26 2020 11: 39
    -1
    Russia does not sell gold from a good life - all its “free” currency is invested in securities with a long maturity or is in various funds, for example, in trusts, with the impossibility of its early withdrawal without significant losses. Therefore, they sell gold in order to direct the currency earned for it to foreign exchange interventions in the domestic and foreign markets.
  2. Digital error Offline Digital error
    Digital error (Eugene) April 26 2020 11: 57
    -2
    This gives an occasion to ask perplexed questions to the leadership of the Central Bank.

    Useless lesson.
    We need to wait for the next "act of direct democracy" in the form of elections.
    1. Oyo Sarkazmi Offline Oyo Sarkazmi
      Oyo Sarkazmi (Oyo Sarkazmi) April 26 2020 15: 25
      +3
      The main thing is to stand for Sobchak! She will give Ukraine Crimea to Voronezh itself, the Kuril Islands to Salekhard, Kaliningrad to Smolensk! Then we’ll live, free and democratic !!! Behind the barbed wire in the reservations.
      1. Digital error Offline Digital error
        Digital error (Eugene) April 26 2020 16: 22
        0
        Quote: Oyo Sarkazmi
        The main thing is to stand for Sobchak!

        Wait, if she’s nice to you. Democracy - it is so unpredictable ...
      2. Digital error Offline Digital error
        Digital error (Eugene) April 28 2020 12: 31
        +1
        The crab-mining company Moneron, the purchase of a share of which was agreed by TV presenter Ksenia Sobchak, was included in the list of system-forming enterprises at the request of the mother of journalist and member of the Federation Council from Tuva Lyudmila Narusova.
        RBC reports that the committee of the Federation Council on Ethics is going to consider a complaint about a conflict of interest in connection with the actions of Narusova.

        https://novayagazeta.ru/news/2020/04/28/161074-vedomosti-svyazannuyu-s-sobchak-kompaniyu-vklyuchili-v-spisok-sistemoobrazuyuschih-po-prosbe-ee-materi-senatora-narusovoy

        Sobchak opposed the distribution of money "just eating" to their Russians

        https://lenta.ru/news/2020/04/24/sobchak_bez_deneg/

        Stand, stand for Sobchak. laughing
  3. Valentine Offline Valentine
    Valentine (Valentin) April 26 2020 12: 01
    +2
    Here is another hitch: remember the post-war “Marshall Plan” for the restoration by the Americans of the destroyed economies of European countries, and even defeated Germany, one of the conditions of which was the transfer of the gold reserves of these countries to the United States, as a result of which, with the help of developed American industry, the economy of these countries destroyed by the war was restored as soon as possible. Although these destructions were not so landslide as in the USSR, but ... after many years, these countries could not completely return these "stocks" back, because Washington by any means prevents this .... China also recently tried to regain a small fraction of its reserves, but received only counterfeit gilded bars of another alloy, but this matter was immediately hushed up. So maybe here is the same scam with banks from England that give us loans for our gold taken there, which can disappear without a trace overnight, as happened in America on September 11, 2001, when the towers were specially blown up in New York twins, in the huge cellars-casemates of which a huge amount of gold was stored, which they later did not find. And those who tried to investigate this disappeared without a trace. One of the American journalists wrote that this storehouse is the second after the gold storehouse in Fort Knox, so someone made a profit.
  4. Digital error Offline Digital error
    Digital error (Eugene) April 26 2020 12: 12
    -1
    2,14 trillion rubles recently paid by the Government of the Russian Federation for Sberbank of the Russian Federation to the Central Bank of the Russian Federation have actually been withdrawn from the assets of the NWF, and the state can no longer directly count on them

    But the people have finally become richer - according to German Gref, as a result of the transaction, the main shareholder of the bank and the main beneficiary of its activities actually became “the whole people of Russia”.
    Let’s believe him - “the Russians don’t abandon theirs” ((c), (tm) film “Brother-2”)
    1. Bulanov Offline Bulanov
      Bulanov (Vladimir) April 26 2020 12: 58
      +1
      There is no Sberbank in Crimea, so not all the people of Russia ...
  5. yuriy55 Offline yuriy55
    yuriy55 (Yuri Vasilievich) April 26 2020 12: 47
    +5
    Black Day is yet to come, is it worth it to sell off the only real defensive asset so quickly, transferring it to the camp of geopolitical opponents of Russia?

    It's time to put to the wall for such fraud. Simple and cheap. I see how this whole pack is preparing itself a haven in London. Yes, figs are ordinary for you, we’ll get everyone.
  6. Bulanov Offline Bulanov
    Bulanov (Vladimir) April 26 2020 13: 02
    +3
    And why not sell precious metals in small bullion to your Russian population? Just recently, I wanted to buy a silver bar, seeing that the cost of silver is 17 rubles. for 1 g. But I found in banks only offers of silver coins at a price an order of magnitude more expensive. Is it really better to enrich the Western bourgeoisie instead of their citizens?
  7. Astronaut Offline Astronaut
    Astronaut (San Sanych) April 26 2020 14: 05
    0
    Russia does not sell gold, but buys. Author provocateur!
    1. Nick Offline Nick
      Nick (Nikolai) April 27 2020 22: 44
      +1
      Quote: Astronaut
      Russia does not sell gold, but buys. Author provocateur!

      If you mean the Central Bank, then yes, he is buying gold, not selling it. He buys 9-10 tons per month.
      And the fact that the author is a provocateur, so yes, many have long understood this.
  8. 123 Online 123
    123 (123) April 26 2020 14: 15
    +3
    However, right now, when its reserves are so important, the precious metal began to flow abroad. This gives rise to ask perplexed questions to the leadership of the Central Bank, from the filing of which it all began.

    This is, first of all, a reason to think about why now? Gold is good for long-term storage, but collecting gold in a barn and stupidly storing it is not an end in itself. Firstly, gold was bought at a relatively low price, now it is at its maximum, its sale is at least profitable. Secondly, the time has come for shocks, a large redistribution of property, "free funds" will be needed, and I don’t remember something about the purchase of any assets for which they paid with gold bars.
    I have a lot of questions on the activities of the Central Bank, but not in this case.
  9. Alexander Semenov (Alexander Semenov) April 26 2020 14: 25
    -5
    Currencies have become smaller, repay debts in gold!
    1. jekasimf Offline jekasimf
      jekasimf (jekasimf) April 26 2020 14: 53
      +2
      What debts? Look, what is the external debt of Russia .... Do you think gold should be kept in storage forever, dead weight? When they could - they saved up, now it is time to sell.
    2. Nick Offline Nick
      Nick (Nikolai) April 27 2020 22: 40
      +2
      Quote: Alexander Semenov
      Currencies have become smaller, repay debts in gold!

      The central bank is only buying up gold, not selling it. Commercial banks, yes, they trade gold, but not at a loss.
  10. jekasimf Offline jekasimf
    jekasimf (jekasimf) April 26 2020 14: 51
    +1
    And what is wrong"? Gold piled up on a rainy day. This has always been said. The black day has come. Gold was bought at a cheap price. Now for sale at its peak. Everything is fine. Our dollar reserves are minimal. About 8 lard. WHAT'S WRONG AGAIN? Liberasts?
  11. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) April 26 2020 15: 06
    -1
    And, it has long been described everywhere:
    Firstly, they started selling gold to London before the crisis.
    Secondly, gold has risen in price - that's what they are selling.
    Thirdly, it is supposedly out of purchase surplus.
    Fourth, this is Putin’s cunning plan, and it’s not without reason that the Central Bank and Nabiullin are in very good shape.
  12. Oyo Sarkazmi Offline Oyo Sarkazmi
    Oyo Sarkazmi (Oyo Sarkazmi) April 26 2020 15: 22
    +1
    Gee. Blister gold is not quoted. Refining in Russia is able to process only half of the mined. And gold miners need money here and now. Prospectors, after all, also want to eat. Therefore, rough gold is sold abroad. They sell what they did not buy inside Russia.
    It was only Turkmenbashi who could ban the export of carpets, which starved carpet weaving in Turkmenistan.
  13. steelmaker Offline steelmaker
    steelmaker April 26 2020 17: 20
    -2
    They write, they say, show. But it doesn’t reach some - Putin is not our president!
    1. Oyo Sarkazmi Offline Oyo Sarkazmi
      Oyo Sarkazmi (Oyo Sarkazmi) April 26 2020 20: 06
      +3
      Certainly not yours. He's ours. Prevents bloody democratizers from plundering Russia.
      1. Accidentally Offline Accidentally
        Accidentally April 27 2020 07: 29
        -1
        Oh, and who put Nabiullina at the head of the Bank of Russia ???? Before you write, turn your head on and think for yourself. Do not watch TV.
        1. Oyo Sarkazmi Offline Oyo Sarkazmi
          Oyo Sarkazmi (Oyo Sarkazmi) April 27 2020 10: 35
          +1
          And what, Nabiullina stepped on your tail? She does not bother me, pretty Tatar. As for the TV, do not watch it yourself. I have Internet TV, and there is CienNan, and Deutsche Vele, and Euronews, and the Saudis with their round-the-clock.
          You have the whole world - Solovyov, duck, Tuscany. Black envy of people who know how to make money.
  14. Nikolay Malyugin (Nikolai Malyugin) April 27 2020 06: 31
    0
    Where else do you sell gold? Wait until everyone rushes to sell gold? It will fall in price.
  15. in black Offline in black
    in black (in black) April 27 2020 06: 51
    -2
    All power to the people!
  16. Nick Offline Nick
    Nick (Nikolai) April 27 2020 22: 37
    +2
    Seryozha again undertook to judge what he had a very distant idea about. For the "most sophisticated" in economics and finance, I inform you that gold is the same product as other products. Gold is sold and bought at market prices. Now gold prices have risen dramatically, gold miners are selling gold, both the Central Bank and the CB. Here is the gold that commercial banks bought, partly sold by them abroad at market prices. NOT FOR FREE, but for good money. Trade is the engine of progress. And the Central Bank, like buying gold, is buying it. In the first two months of 2020, Russia's Gold Reserve increased by 19 tons.
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