I do not believe anything a Rothschild puppet bankster tells me, and that includes Societe Generale, especially if they are telling us vague, unsubstantiated BS like …
“It appears possible that the Central Bank of Russia has started to sell off some of its gold reserves in December, with some sources reporting that official gold reserves dropped by $4.3 billion in the first week of the month.”
“It appears possible …” Yeah, right!
Why not sell those soon to be worthless U.S. Trashury (sic) holdings instead …
– China, Russia Dump US Treasurys In October As Foreigners Sell Most US Stocks Since 2007 (ZeroHedge, Dec 15, 2014):
As for Russia, after selling $9.7 billion in October (a process which certainly continued in November) its latest total is just $108 billion, or just modestly higher than the $100 billion hit in March after the Ukraine conflict first broke out, and the second lowest total Russian Treasury holdings since 2008.
… and BUY gold and ask China to do the same.
Selling Russia’s gold? Putin might as well shoot himself in the foot (unless he too is an elite puppet).
– Is Ruble Collapse Act of War-Paul Craig Roberts
– Grandmaster Putin’s Golden Trap:
Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.
No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold.
Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But he immediately exchanges all these dollars obtained from the sale of oil and gas for physical gold!
– How long will the West be able to buy oil and gas from Russia in exchange for physical gold?
– And what will happen to the US petrodollar after the West runs out of physical gold to pay for Russian oil, gas and uranium, as well as to pay for Chinese goods?
No one in the west today can answer these seemingly simple questions.
And this is called “Checkmate”, ladies and gentlemen. The game is over.
The above article was translated buy Kristina Rus – which originally appeared in Russian at http://investcafe.ru/blogs/mbcy/posts/46245#
– Russia Has Begun Selling Its Gold, According To SocGen (ZeroHedge, Dec 18, 2014):
A few days ago, we first reported a rumor that was floating around Wall Street desks, and which, according to some, was the “reason” that gold was being kept lower even as sovereign risk was exploding around the globe. The rumor was that Russia was selling its gold holdings:
This led to Bloomberg speculating, and us rhetorically asking, if “Putin’s next step will be to sell gold”
“Russia is at a critical juncture and given the sanctions placed upon them and the rapid decline in oil prices, they may be forced to dip into their gold reserves, if it happens it will push gold lower.” That is what, according to some people Bloomberg has quoted, is in the cards.
While some suggest the accumulation was “tradition” it is still nonetheless an impressive aggregation of the barbarous relic:
So given the efforts to build this gold-backing for their nation’s currency, do we really expect Putin to now dump his physical: or perhaps more strategically suggest a true gold-backed currency and jawbone the currency that way?
So what is the truth? Well, we won’t for sure until the next official report by the Central Bank of Russia hits the IMF database, but in the menatime, SocGen just reported that the selling may have started:
Read moreRussia Has Begun Selling Its Gold, … According To Societe Generale