Russians Encouraged to Ditch Dollar for GOLD. The Only Financial Security vs Bank Crisis & Risky Cryptocurrencies
by Fabio Giuseppe Carlo CarisioVERSIONE IN ITALIANO
The future of the world is golden!
I am not referring to the evolution of a global society which, if it weren’t for Russia, China and the Arab countries, would have already been sucked into the vortex of the New World Order theorized by George Soros in 1993 with the use of NATO armies as happened in the Arab Spring in the Middle East and as is happening in Ukraine.
“TOWARD A NEW WORLD ORDER: The Future of NATO”. Soros’ 1993 Manifesto in which Forecast Ukraine War
In the perfect economic evolution of the Great Reset wanted by Charles III King of England and by Klaus Schwab of the World Economic Forum supported by Bill Gates and Rothschild bankers, we are experiencing a chaos of continuous default risks of banking groups artfully designed to create a weakening of the economies of sovereign states, such as Soros’ speculation on the Italian Lira in 1992, and centralizing the shareholding structure of credit institutions in difficulty in the hands of the usual well-known investment funds such as the notorious BlackRock of New York which holds much of Sri Lanka’s debt and has already seen the unexpected Swiss Bank crisis as an opportunity to grow its package within it.
Global Britain, Intelligence Hands and King Charles’ Great Reset
We must not forget that the New York fund has recently demonstrated its power by obtaining the dismissal of one of the most famous journalists in the USA and in the Western world: Tucker Carlson, host of his homonymous column on Fox News.
Just the WEF, whose Governing Council sits Larry Fink founder and executive chairman of BlackRock, in its 2023 annual analysis of global risks for the next two years put the geoeconomic comparison in second place of alarms and cybersecurity in eighth.
The Very High Risk of Cryptocurrencies
The very high dangers of cryptocurrencies can be added to this last item, which risk evaporating into thin air overnight, as happened for FTX but also for other credit financial activities such as Wirecard.
In fact, cryptocurrencies are a gamble of the new digital globalization if they are not supported by solid national guarantees such as Nicolas Maduro’s Petrocoin of Venezuela based on the country’s oil and gold and for this reason sabotaged on its way by the new US sanctions and Americans cyber attacks to the country who devalued its currency undermining the project.
A financial website wrote in December 2022:
«Bitcoin is down over 75% from its 2021 high, but every such crypto crisis has been followed by major rallies, some exceeding 2,000%. Unless a catastrophic event breaks the pattern, a new upswing is expected to start in 2023. Unicoin, a new-generation, assets-backed cryptocurrency, has unveiled a unique opportunity for investors: a no-cost 10-year Option to purchase unicoins at 20¢/ú, its current price. If investors had a similar offer for Bitcoin, they would be able to buy it at $13.50 now, with an assured 120,000% ROI».
The initiative and the proposal seem really interesting. But can we really trust a coin that instead of George Washington or Giuseppe Verdi shows the face of a legendary animal that has a real presence only in children’s fairy tales?
O represents the umpteenth deception of the international financial lobbies, mostly of Zionist political matrix, which have imposed on the world the vaccines of Big Pharma and the war in Ukraine fomented by the Lobby of Arms to profit excessively by building a financial dictatorship preparatory to the New World order?
In the unstable Western economic situation exacerbated by the repercussions of economic sanctions against Russia, attempts are being made to combat the growth of inflation with a continuous increase in interest rates decided by the European Central Bank for the Euro and by the American FED for the Dollar which risk asphyxiating the financial system, leading to the collapse of small investors and holders of bank loans, it is precisely the credit institutions that run the greatest risk of finding themselves in the belly, as after the 2008 subprime crisis, with a plethora of unsaleable mortgaged properties on the market.
The most incredible paradox is that the danger of the reckless increase in interest rates was predicted in January in the WEF global risks by the same financiers who implement it!
In this context of uncertainty in which the International Monetary Fund has already launched speculative projects for BlackRock’s and other private speculators use and consumption (investigation soon) and has already presented the project of a Central Bank Digital Currencies (CBDCs) while the New Development Bank of the BRICS alliance (Brazil, India, Russia, China and South Africa) has already started internal financial alliances to de-dollarize the economy and prepare for the launch of its own currency, the only financial certainty is remained, remains and will remain the gold.
As the gold coins of the British Pound Sterling and the South African Krugerrand teach. As the movements of Russia, China and Switzerland make us understand in the articles that we report below.
Fabio Giuseppe Carlo Carisio
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Russians Encouraged to Ditch Dollar for Gold
Gold ingots of up to 20 grams may now be purchased on the Moscow Mint website, the Goznak Joint Stock Company, which operates the mint, announced on Wednesday. The move is part of a broader agenda to encourage Russians to shift away from US dollar savings.
According to the company’s statement, Russians are now able to buy, sell or store their purchased gold bars and coins.
Goznak is planning to make gold ingots weighing 50 grams available for purchase on its website, the company said, adding that the services will be accessible both in the trading salon of the Moscow Mint and through the Goznak.Investments app.
The storage period of ingots at the Moscow Mint is unlimited, while Goznak guarantees the buyback of all bullion in the mint’s vaults. It will also accept ingots that have been in circulation if there is no visible damage on them or on the packaging.
From April 1, Russian precious metals refineries, Goznak, and the country’s banks have been allowed to sell gold bars to individuals with no value added tax (VAT) applied.
Moscow Govt previously scrapped a Tax on Bullion Purchases
Last March, Moscow scrapped its 20% VAT on individuals making physical gold trades, in an effort to draw people away from US dollar holdings, a common way in the past for Russians to protect their savings.
Read more: Dollar dominance ‘coming to an end’ – Jim Rogers
Previously, when buying physical gold, Russians had to pay 20% of the purchase in VAT. When selling the precious metal back to the bank, the paid tax was not returned to the investor.
As of November 2022, Russians purchased more than 50 tons of gold bars, ten times more than the previous recorded period. The most sought-after were one-kilogram bars, which accounted for about 60% of the total bought.
Originally published by Russia Today on May, 21, 2023
China stocks up on Russian gold
China stepped up imports of gold from Russia in 2022, data released by the country’s customs agency on Saturday showed.Last year, China bought a total of 6.6 tons of Russian gold, worth a record $386.9 million, including shipments in both unprocessed (3.7 tons) and semi-processed form (2.9 tons).
In December alone, gold shipments from Russia to China totaled 220.2 kilograms, worth $14.85 million. Overall, Russian gold exports to the Asian nation soared by 67.3% in physical terms and by 63.3% in monetary terms from 2021.
Shot at the U.S. dollar! Russia and China Officially Announce A “New Global Reserve Currency”.
However, so far Russia’s share in Chinese gold purchases remains small. The main supplier of gold to China is Switzerland, with sales in 2021 totaling over $34 billion. Rounding out the top five suppliers to China are Canada, South Africa, Australia, and Hong Kong.
Read more: Russia-China trade set to hit 2024 target early
Russian gold exports began to fall under Western sanctions in mid-2022. The EU, UK, US, Japan, and Canada banned the purchase, import or transfer, directly or indirectly, of gold originating in Russia and exported from the country. Prior to sanctions, the UK was the largest buyer of Russian gold, having acquired 266.1 tons of the metal (88% of total exports), worth $15.4 billion, in 2021.
Originally published by Russia Today on Jan, 23, 2023
Swiss Central Bank Massive Loss partially Offset by Gold Holdings
The Swiss National Bank posted the biggest annual loss in its 116-year history as falling stock and fixed-income markets hit the value of its share and bond portfolio, the bank announced on Monday, citing preliminary estimations.
The SNB lost around 132 billion francs ($143 billion) in 2022, which is equal to about 18% of Switzerland’s projected gross domestic product and five times higher than its previous record loss of 23 billion francs ($25 billion) in 2015.
Almost the entire loss, 131 billion francs ($142.8 billion), was linked to collapsed foreign currency positions, having bought around $1 billion worth of stocks and bonds as part of a campaign to weaken the Swiss franc. This was partially offset by a $435.9 million increase in the value of the bank’s gold holdings.
The value of the Swiss central bank’s foreign-exchange reserves slumped about 17% last year and totaled 784 billion francs ($854.4 billion) in December down from 945 billion francs ($1 trillion) a year earlier when the SNB reported a 26 billion franc ($28.3 billion) profit.
The 2022 loss means the SNB will not distribute any profits to central and regional Swiss governments. It will be only the second time since its establishment in 1906 that it skipped its usual payout. Last year, the Swiss central bank paid out six billion francs ($6.5 billion) to the federal government and cantons, which will now be forced to review their spending plans.
Originally published by Russia Today on Jan, 9, 2023
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