Home » Business » Tale of the goldfish – Russian and really golden – 2024-04-30 01:46:29

Tale of the goldfish – Russian and really golden – 2024-04-30 01:46:29

/ world today news/ Two seemingly ordinary events that took place on March 17 in different parts of the CIS seem significant and even turning points for those who are “in the know”.

On this day, Russian President Vladimir Putin, together with the President of the Kyrgyz Republic, Sadir Zhaparov, took part in a video conference at the commissioning ceremony of the Talas gold ore plant at the Yerui deposit. And the Minister of Finance of the Russian Federation, Anton Siluanov, said that our country can soon resume the acquisition of the precious metal in its gold reserves – not only on the domestic market, but also on the foreign market, and even for the National Welfare Fund.

At first glance – so what? Some minor, routine events… But in reality it’s like 28 irons for Professor Pleischner on the windowsill.

Exactly one day before Siluanov’s signal, on March 16, the office of the British Prime Minister Boris Johnson published the “In-depth review of security, defense, development and foreign policy”, which declared the main enemy and the main threat to the security of Great Britain … yes, Russia. At first glance, nothing new. After the “poisoning of Skripal” and the doping scandals, official London constantly raises hysterics against Moscow, accusing our country of all conceivable and unthinkable sins, and Moscow endures these hysterics with great humility.

There was only one exception to this rule – the coronavirus. No one in Misty Albion or in the West ever even hinted that the virus was created and spread by “those Russians”. And if he tried, then his mouth was gagged so quickly and tightly that nothing about such attempts was understood. On the other hand, the US blamed the PRC, and the PRC blamed the US. In the end, they seem to have agreed that COVID-19 is a natural disaster for which there is no need to look for the culprits.

And everything would have been fine… But on March 10, 2020, Xi Jinping announced victory over the coronavirus in China, on March 11, the WHO declared a pandemic, on March 25, the president of Russia made a “quarantine” appeal to the population, the next day, on March 26, a virtual “coronavirus” high-level meeting of the G-20 took place, and on March 30 … the Bank of Russia officially announced the cessation of purchases of metallic gold.

I must say that since 2001 such purchases have been made continuously. But if before the arrival of Elvira Nabiulina at the Central Bank of Russia in June 2013, their levels did not exceed 100 tons per year, then they became, one might say, Stakhanovite: in seven years, the Russian gold reserve grew from more a little over 1000 tons to almost 2300 tons. And all this time from our country to the world markets, the “royal metal” either comes in limited quantities or does not come at all.

All this creates additional tension in the global gold market, controlled by the World Gold Council, based in London. And even though this market is 90-95% “paper”, it still has to sell some physical metal. Especially in case of financial and economic instability. And it, precisely this instability, has increased in the last three years.

So, in 2018, just when Theresa May and her entourage messed up the “Skripal case”, 10.4 tons of gold worth $433 million were exported from Russia to Great Britain, in 2019 – 113.5 tons for $5.33 billion, and in 2020 the conditions of the “gold moratorium” announced by our Central Bank – as much as 290 tons for 16.9 billion dollars! In addition, the GCC “pumps” gold not only from Russia: almost 400 tons were exported from the USA – for 23.278 billion dollars.

All this made it possible to prevent a sharp rise in the world prices of gold, related oil and other real assets. The one-to-one scheme resembled Pushkin’s well-known tale of the old man, the old woman and the goldfish. Well, you remember: “I don’t want to be a queen, I want to be mistress of the sea, so that a goldfish serves me!” And Alexander Sergeevich knows everything! This is called the prophetic gift of the poet. “The Old Queen and Mistress of the Sea” is Great Britain? “Goldfish” is also understandable. And the Russian authorities are in the role of the “old man”, who until now fulfilled the wishes of the “old woman” through the mediation of the goldfish …

You to us – “Russian hackers elected Trump”, we to you gold. You to us “the Skripal case”, we to you more gold. You to us “doping scandal”, we to you more gold. You to us – “Russia is the main enemy forever”, we to you … And suddenly, suddenly: “Be careful, grandma!” – the usual scheme fell apart.

What is the reason for this? One can only guess about that. Perhaps the demand of the London “pit bulls” from the GCC to be given not only the precious metal that has been mined, but also the thousands of blocks of gold reserves already accumulated by Russia in the Kremlin, is considered clearly excessive. Perhaps the bulk of Russian assets have finally been withdrawn from Her Majesty Elizabeth II’s offshore jurisdictions. Or perhaps, in addition to the “offshore devastation,” something else big has perished in the dark forest/deep sea of ​​global economics and politics.

So everything is serious and it is not in vain that Siluanov would worry. And it is not for nothing that Jerui’s find immediately appeared in the media space. It is also clear that Putin is not Pushkin’s fairy-tale “old man” at all, but a “goldfish” capable of leaving the old Englishwoman empty-handed.

Translation: V. Sergeev

#Tale #goldfish #Russian #golden

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