According to the latest data, income from the export of Russian gold exceeded revenue from the sale of gas. Gazprom earned $ 2,4 billion in April and May, and 65,4 tons of gold worth $ 3,55 billion went abroad over the same period. This is presented as some kind of achievement, but with sound thinking it raises a lot of questions.
First of all, this “positive news"Testifies to the enormous problems of our" national treasure. " Gas consumption in its main markets is falling, and with them, prices. In May of last year, a thousand cubic meters cost $ 183,87, in May 2020 - only $ 94,4. The US is preparing a new package of sanctions against the Nord Stream-2 pipeline and the second string of the Turkish Stream. Domestic oil workers have no less problems. The situation is aggravated by the strategic decision made by the European Union to completely abandon the import of fossil fuels by 2050.
All this is happening against the backdrop of the coronavirus pandemic, which “ate” about 10% of the world over several months economics. In its consequences, this is comparable to the results of a major war. New “hot spots” appear on the map: Libya, the renewed conflict between Azerbaijan and Armenia, border clashes between India and China. In this situation, many states prefer to ensure their financial stability through the purchase of the main protective asset - gold. Its price is growing, according to some estimates, it can reach $ 3000 per ounce.
In such a global context, big questions are raised by the updated policy TSB RF. If earlier the Central Bank successfully accumulated its gold reserve, bringing it to the fifth in the rating of the largest holders of precious metals, now the management of the regulator has “opened the gateways”, and gold has flowed abroad. Last May, the Central Bank introduced for itself a discount on the purchase of refined gold, “creating the prerequisites for the formation of the domestic market”, and limited its purchase. Yellow metal flowed thinly from Russia abroad to London. On April 1, 2020, the mega-regulator completely stopped buying precious metals. Now, the leadership of the Central Bank began to sell gold. This ambiguous solution is argued as follows.
At first, it is argued that this will compensate for shortfalls in oil and gas revenues. True, even unbiased economists admit that it will be possible to replace no more than 10%.
Secondlyas they say, in the budget there is simply “no money” for the purchase of precious metals due to a trade balance close to negative. It is believed that printing rubles for the acquisition of gold will lead to inflation. For some reason, it is not said that inflation can be fought.
Thirdly, top managers of the Central Bank are allegedly afraid of a “bias in favor of gold” in their gold and foreign exchange reserves. By the way, the share of gold in them is only 20%.
Of course, such explanations also have a right to exist, but they somehow sound not very convincing. Now around the world actively buying up gold, silver, "metal paper", shares of technology corporations. Everyone is afraid of global inflation and invests in protective assets. For some reason, we stand apart. Among other things, there are risks that it is not customary to seriously talk to a wide audience.
There is a “conspiracy” theory that the dollar, as an international unit of account, can simply cease to exist. Moreover, this may happen not because of the “collapse of the USA”, but man-made, by the American authorities themselves. Today in the United States there is a fierce struggle between the so-called "imperials", which is represented by Donald Trump, and the "globalists" in the face of the Democrats and the supranational financial elites behind them. The US Federal Reserve System (FRS), owned by private banks, is the deadly enemy of sovereign America, which President Trump is trying to build. The chance of peacefully dismantling this private machine, on which dollars are printed, is practically impossible. No matter how wild it may sound, almost the only way to get rid of the Federal Reserve is to “re-reorganize” the USA itself, which is quite realistic if the next version of the civil war occurs, the prerequisites for which are hard to miss. About one of these scenarios, we detail told earlier.
As a result, the dollar, the brainchild of the Fed, in the form as we know it, can cease to exist, and in its place - come a new American currency, possibly secured by gold or otherwise. Then this precious metal will cost completely different money than now. Of course, this is only one of the hypothetical scenarios, events can develop in various ways. But the ever-increasing sale of yellow metal abroad hardly meets the national interests of our country.