Alternative to U.S. Dollars – Russian Gold

Alternative to U.S. Dollars – Russian Gold by Rory – The Daily Coin

Over the past three years we have noted the various pieces Russia has used to reconstruct their economy and move away from using Federal Reserve Notes, world reserve currency, U.S. dollars. Russia has been methodical, calculated and, at times, very aggressive with their moves. Everything from increasing their gold acquisitions, food production and discussing cryptocurrencies are but a few of the pieces Russia has been putting into place. For those of us paying attention we can now see a landscape that is being filled out from border to border.

Just recently Russia dumped 85% of their U.S. Treasuries and replaced them with yuan, euros and gold. Is Russia taking the next logical step in the evolution of recreating their economy; an economy that is independent, vibrant and self reliant and free of the Federal Reserve Note? It’s these types of changes that concern the warmongers at the Pentagon, members of the western banking cabal and especially the satanic globalist who believe they should be in charge and control everything on earth.

While dumping 85% of U.S. treasuries held in Russia’s reserve is a major move toward independence the next step must be taken in order to continue to conduct global trade. A key figure, CEO of the Moscow Exchange (MOEX), went before the Russian parliament earlier this week to help members understand that gold may be the alternative they seek.

Russian gold could become the perfect alternative to conservative investments in the greenback, the CEO of Russia’s key trading floor, Moscow Exchange (MOEX), believes.

“Let’s offer an alternative to the US dollar in the form of Russian gold, which we produce… investment gold,” CEO Alexander Afanasiev suggested, speaking in the Lower House of Russia’s parliament on Monday.

He added that some “super-conservative investors” purchase dollars and keep them “under the pillow,” which is not very safe, he believes.

The MOEX chief also noted that Russians have increased their investment activity and act “surprisingly rational.”

Russia is the world’s third-largest gold producer and in 2017 boosted its gold output by more than six percent. It producedalmost 265 tons of gold in January-October 2018, according to data provided by the Finance Ministry.

However, some analysts doubted Afanasiev’s idea, warning that using the precious metal instead of the US dollar might be simply inconvenient.

“Gold does not have liquidity of the dollar. As practice shows, settlements in it are inconvenient for individuals,” metals and mining director Nikolai Sosnovsky from Prosperity Capital Management told TASS on Tuesday. – Source

It appears that Russia is not concerned there is currently no infrastructure to process payments in gold. I presume Russia understands this will happen in short order the moment gold comes back to the table for trade settlement. What Mr. Sosnovsky is overlooking is the fact that a payment system can be adjusted, in a short period, to accept and calculate what ever currency it is told to accept and calculate. Are there systems at every border around the world to do currency swaps? What is the difference, I mean, besides nothing?

Once again it is information such as this that makes the basis for the entire “russia did it” narrative in western corporate media. Russia is providing unprecedented cover for China to roll out their dystopian policies, actions and technology that are setting the stage for the western world to deliver to a neighborhood near you. Never mind what China is doing with social credits and other forms of tyranny, “russia did it”, whatever it is, and that’s all you need to know.

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.