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Russia and China Lay Economic Foundation Based on Golden Rule

By Rory Hall

One of the many themes we support at The Daily Coin is the constant progress happening opposite the rising markets, generally the nations concerned the Eastern mercantile alliances like BRICS, BRI, SCO, EAEU and the like. These nations under the instruction of China or Russia or a multiple are laying the grounds to be the pushing force of the 21st Century and beyond.

We also ceaselessly report on bullion moving from Western vaults to all points East. Most recently we discussed Kazakhstan and the significance of this republic both from a geographical position as good as healthy resources like gold, singular earths and a far-reaching accumulation of other elements within the borders of this flourishing nation.

Gold always has a courtesy as the rules/laws surrounding bullion have not changed. While many people, generally in the West, have lost these manners that does not meant they have changed or been overturned.

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One law that has stood the test of time is the golden order – he who has the bullion creates the rules. We also like the fact that JPMorgan, the man not the bank, settled in a congressional conference that “gold is income and all else is credit.” These two rules/laws operative in and with one another make for a challenging alliance. When you have healthy rules/laws operative together and nations start combining alliances using these rules/laws as a substructure the rest of the universe should take notice, but alas the Western universe is some-more focused on “Russia did it” than what Russia is actually doing.

We (the Central Bank of the Russian Federation and the People’s Bank of China) discussed bullion trading. The BRICS countries (Brazil, Russia, India, China and South Africa) are major economies with vast pot of bullion and an considerable volume of prolongation and expenditure of the changed metal. In China, bullion is traded in Shanghai, and in Russia in Moscow. Our thought is to create a couple between these cities so as to feature bullion trade between a markets. Source

At this indicate it is good documented that China and Russia have been appropriation gold, swapping bullion between countries by any nation’s banking system, and recently announced their intentions to support the 3 other BRICS (Brazil, India and South Africa) nations in building their bullion reserves. China and Russia also announced their enterprise to open BRICS bullion exchange/markets in Beijing and Moscow. Why all this concentration on appropriation gold, storing bullion and aiding other nations in doing the same? It has been done very clear, by President Putin and the Russian government, that Russia sees the Federal Reserve Note as a threat to their inhabitant security and dwindling their coherence on Federal Reserve Notes as trade allotment is a top priority.

Now we see the golden fruit of Russia’s bullion merger efforts in 2017 as being the biggest year ever given Russia began stating their bullion holdings.

In Nov the Central Bank of Russia combined 900,000 ounces (27.99 tons) of bullion to her reserves, lifting her sum to 1828.88 tons or 58.8 million ounces. In Oct 2017, the Central Bank of Russia combined 700,000 ounces (21.77243 tons) of bullion to her reserves. In Sep 2017, the Central Bank of Russia combined 1.1 million ounces (34.2138 tons). In Aug 2017, the Central Bank of Russia combined 500,000 ounces (15.55 tons) of bullion to her pot (56.1 million ounces). In July, the Central Bank of Russia combined 400,000 ounces (12.44139 tonnes) of bullion to pot after adding 300,000 ounces (9.33104 tonnes) of bullion in Jun and 700,000 (21.77 tonnes) of bullion in May. In April, the Central Bank of Russia combined 200,000 ounces (6.22 tonnes) after adding 800,000 ounces (24.882 tonnes)in March, 300,000 ounces (9.331043 tonnes) in Feb and 1,000,000 ounces (31.104 tonnes) in January. Source

At the stream gait Russia will pass China in global bullion land and take the sixth position within the first 2-3 months of 2018. This simply shows how assertive Russia is towards appropriation gold. Also of note, if Russia continues this gait of acquisitions she will pass France in early-mid 2021 and be in 5th position, presumption that China doesn’t, once again, start adding to their “official” bullion holdings. We trust China is adding bullion to her bullion land any month, just not to the “official” bullion land that are reported to the IMF.

Rory Hall’s site is The Daily Coin, where this essay first appeared. Beginning in 1987 Rory has created over 1,000 articles and constructed some-more than 300 videos on topics trimming from the changed metals market, mercantile and financial policies, preparedness as good as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a good many more. Rory was a writer and daily writer 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 revisit The Daily Coin and Shadow of Truth YouTube channels to enjoy strange videos and some of the best economic, changed metals, geopolitical and preparedness news from around the world.

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