2020 Collapse
- Thread starter TreasureHunter
- Start date
The Russian central bank has ordered market players to reject foreign clients' bids to sell Russian securities from 0400 GMT on Monday, according to a central bank document seen by Reuters.
https://www.reuters.com/business/ru...-sell-russian-securities-document-2022-02-27/
Russia is doubling down and saying they'll buy more gold on domestic market starting today. Might be bluff and bluster, but safe to guess Russia's gold miners are told to dig faster and deeper.
https://www.reuters.com/business/fi...-purchases-domestic-market-monday-2022-02-27/
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Can someone connect the dots....?
https://www.reuters.com/business/ru...-sell-russian-securities-document-2022-02-27/
Russia is doubling down and saying they'll buy more gold on domestic market starting today. Might be bluff and bluster, but safe to guess Russia's gold miners are told to dig faster and deeper.
https://www.reuters.com/business/fi...-purchases-domestic-market-monday-2022-02-27/
---
Can someone connect the dots....?
The way I see it is that no one will buy Russian financial assets so the only choice the Russian CB has to support the Ruble is to buy gold on the domestic market and then sell it/loan it to foreign entities.
Tin foil hat on: next step mandatory gold seizure.
Tin foil hat on: next step mandatory gold seizure.
Ok, but wouldn't Russia still be able to sell oil and gas. Gas still flows to Europe. Would Germany bluntly default on the payments/contracts for commodities rendered?
But agreed that the spinner is getting wobblier by the hour...
Some are already saying WWIII started now.
I’m not up on the current affairs regarding the trade sanctions that are going to be applied to Russian exports, and I don’t know what % of the forex market trade accounts for in Rubles, but in the vast majority of world forex markets trade is a minor portion, financial securities bought and sold by entities as income producing assets make up the bulk of the trade.
Alternatively the Russian government could put a hideously high rate on bonds to attract buyers. But they’d be junk status I reckon even though the risk of default is not high.
Thanks, Shiney
But @heartastack there are no sure bets in any of in that list above requoted by Shinney, it is just my amatuer analysis.
I have been wrong many times over with many investments but over my investment life I have become better.
I own, considerable amount of PLS and AKE, enough in each for very good house deposit in Sydney today, the original outlay was $30,000 or less in each few years back.
AVZ $20k, INR $40k, FFX 15K all invested when sub 15c when I bought last year (I strongly beleive these will do very very well and be few $ each)
Recently bought $10 to 20k in LTR and SYA - also a good bet
YOLO'd gambled on QXR, RLC and EVR about 5k each. not a single one of them might make it. But as stated it is YOLO and I have good feeling, but we are talking low single digit bets of ones weatlh. If they move to 10c buy more, 20c buy more etc.
All are based on .... in production or if not yet when and will they likely get mining licence and where are they getting funding or do they already have that etc.
YOLO are basically bets since they shoring up resources and my thought on getting into production is decent but risky.
Dont forget soveriegn risk for African FFX and AVZ, if FFX and AVZ was in Western Aus or USA, I would have bought a lot more AVZ, than FFX and smallest amount for INR, but it is the other way around, due to soveriegn risk.
Than there are many others Just as good like CXO and I was late to LTR but at the time when I put the money down, one of the others looked better.
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I was just reading Ainslies missive from this morning, quote:
"While many may see Russia’s delinking from SWIFT purely as an evaporation of access to dollars, on the other side of the transaction, Russia will now be selling its oil for other currencies. India and Russia are already in talks to set up an Oil for Rupee trade. Russian exporters are reportedly opening bank accounts in New Delhi so that they can trade on rupee terms. India has a long-standing relationship with Russia, who supplies them with gas, coal and fertilizer. With the Saudis dropping their exclusivity agreement with the US dollar agreeing in 2021 to Oil made its first pass triple digit psychological resistance on Thursday.
Seeing sanctions on major Russian exports Oil and Gas initially saw the two move higher as markets priced in reducing supply. When the second tranche of sanctions were effectively more of the same (i.e. more sanctions on banks, export ban on technology to Russia, more restrictions on individuals in Russia), markets saw that there was no further targeting of oil and gas. With that, prices in the two energy commodities cooled off. Russian oil accounts for approximately 9% of global output.
However, these market reactions, as well as the raft of other sanctions, were most likely expected by Russia. We have drawn readers’ attention multiple times to the Russian Central Bank’s accumulation of gold reserves over the last number of years. Being kicked out of SWIFT upon their ‘crossing of the Rubicon’ can’t be coming as a surprise to Moscow. If leaving SWIFT leaves the western world without Russian oil, cost of living pressures at the petrol pump are about to start heading north in Western Europe."
Of course there's the 'agenda' of selling gold/crypto behind these newsletters, but I still thought it's an angle worth noting.
https://www.ainsliebullion.com.au/g...ault.aspx?mc_cid=2a42aeb73e&mc_eid=fd81150db6
"While many may see Russia’s delinking from SWIFT purely as an evaporation of access to dollars, on the other side of the transaction, Russia will now be selling its oil for other currencies. India and Russia are already in talks to set up an Oil for Rupee trade. Russian exporters are reportedly opening bank accounts in New Delhi so that they can trade on rupee terms. India has a long-standing relationship with Russia, who supplies them with gas, coal and fertilizer. With the Saudis dropping their exclusivity agreement with the US dollar agreeing in 2021 to Oil made its first pass triple digit psychological resistance on Thursday.
Seeing sanctions on major Russian exports Oil and Gas initially saw the two move higher as markets priced in reducing supply. When the second tranche of sanctions were effectively more of the same (i.e. more sanctions on banks, export ban on technology to Russia, more restrictions on individuals in Russia), markets saw that there was no further targeting of oil and gas. With that, prices in the two energy commodities cooled off. Russian oil accounts for approximately 9% of global output.
However, these market reactions, as well as the raft of other sanctions, were most likely expected by Russia. We have drawn readers’ attention multiple times to the Russian Central Bank’s accumulation of gold reserves over the last number of years. Being kicked out of SWIFT upon their ‘crossing of the Rubicon’ can’t be coming as a surprise to Moscow. If leaving SWIFT leaves the western world without Russian oil, cost of living pressures at the petrol pump are about to start heading north in Western Europe."
Of course there's the 'agenda' of selling gold/crypto behind these newsletters, but I still thought it's an angle worth noting.
https://www.ainsliebullion.com.au/g...ault.aspx?mc_cid=2a42aeb73e&mc_eid=fd81150db6
someone deleted the dot
There is nuclear alarm going on
Russia to evacuate citizens from Europe
Moscow is working to bring back Russian nationals that are stuck in Europe due to flight restrictions
Switzerland comments on possible Russian asset freeze
The neutral country said it was ‘very probable’ the Russian assets would be frozen this week
Denmark to allow citizens fight in Ukraine
Copenhagen has said that Danes are free to “contribute directly” to the military conflict between Russia and Ukraine
looks like dark days are already here... Ukraine will be come Syria to be destroyed by fighters without interest on the people there.
lets the fights begin
Rupee is the 24th most traded currency on the market. What benefit does it present to any entity to receive payment for goods in Rupees?
it can be used in India, so with the trade USD is avoided.
In exchange for what exactly?
EU will still be buying Russian Oil and Gas in EU or USD or even maybe Ruble (which forces EU to buy Ruble in the open market)
Chances of Gazprom piping GAS and OIL if they are not paid ZILCH lol.
Uknown still, when will Ukrainian realise that they were betrayed from Day one by EU/USA and Russia. West had no serious intention of helping Ukraine with real troops and signaled to Putin you can have two more regions. It is only after Putin took another bite, that West stood up... But the REDLINE is not Ukraine ongoing existence.
Sabotage anyone?
its complex, but every one has their interests and objectives
we will see how the sanctions will failed the one that wielded them
not sure what Russian will do when their money get taken away, not paid after the gas. we shall find out
its trade differences being settled, and they can use GOLD too for their pipelines projects etcIndians are more than willing to give you rupees.
Trade only helps the Russian balance sheet if it gets something back in return that is of value. Rupees are not in high demand.
The Russian economy needs access to USD and Euros. And the Russian central bank and businesses need access to assets denominated in foreign currencies that have sound credit ratings. And you don’t trade gas or oil for those financial securities.
