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I take it they mean Gold outside of Russia, where ever that may be ? Because like China, Russia have been hoarding tons of Gold and have no intention of selling it.

I posted a good video clip last week which explained how Putin might look to strengthen the Russian Ruble i.e. back it with Gold and dump US Dollars.

Could this now be the beginning of the end of the petrodollar :-

https://www.washingtonpost.com/business/putin-wants-unfriendly-countries-to-pay-rubles-for-gas/2022/03/23/1ea9fc00-aabb-11ec-8a8e-9c6e9fc7a0de_story.html

Nice work there Dip, cheers for the summary , its really appreciated mate!

Although I think the award for the best post this morning goes to Syco for his 'low interlect' comment.

Priceless !!!!

:))

Remember when JPM was telling everyone that Gold was heading for around the $1500 by the Summer, well read this article, its about a five minute read so enjoy over a nice glass or two !!

Its an excellent read :-

https://www.zerohedge.com/commodities/banks-are-restocking-gold-fastest-pace-years

7,189,578 @ 15.74 !!

Yep, looks like a biggie U/T !!

What is his valuation of 25% of Havieron at current Gold prices ?

This is an interesting chart but its also worth reading the comments as well, its what a few of us have been saying already on here :-

https://twitter.com/zerohedge/status/1503873823157932033/photo/1

I'm with you there Trippy, once I'm out of GGP then that's it for me ! Like the idea of living off the radar with no prying eyes and not being dictated by a load of pen pushers and box tickers and those whom think they're really important but are just full of b%$£&ks !!!

If anyone hasn't seen it, have a watch of the film Elysium with Matt Damon.

Its eye opening but equally depressing at the same time !

Decent write up this afternoon from the US (surprise !) with regards to that 'offside' Nickel trade, expect to see a few more stories over the coming months !

Physical Gold and Bitcoin are the way forward as mentioned on here numerous times, everything else is not worth the bother especially when jumpers are used for goal posts !

https://wallstreetonparade.com/2022/03/5-count-felon-jpmorgan-is-at-the-center-of-a-new-multi-billion-dollar-trading-scandal/

So what will they do to strengthen the Ruble, I think we all know the answer to that :-

https://www.reuters.com/article/ukraine-crisis-russia-belarus-idUKS8N2UP04C

The takeover & merger activity in the sector is beginning to ramp up :-

'Rio Tinto has made a non-binding proposal to the Turquoise Hill Board to
acquire the approximately 49% of the issued and outstanding shares of
Turquoise Hill that Rio Tinto does not currently own (the "Proposed
Transaction"). Under the terms of the Proposed Transaction, Turquoise Hill
minority shareholders would receive C$34 in cash per Turquoise Hill share,
representing a premium of 32% to Turquoise Hill's last closing share price on
the Toronto Stock Exchange. This proposal would value the Turquoise Hill
minority share capital at approximately US$2.7 billion.'

Nice.

Now this is very interesting, Russia is still exporting oil but the question is how does Putin want payment now, US Dollars, Russian Rubles ?

Well have a look at the first ten minutes of this :-

https://www.youtube.com/watch?v=35x8N7Va8zg

Just popped up on Sky news.

Hmmm, I wonder what that could be with Iran, India and China all being very hush hush at the moment and with Russian tanks now circling Kyiv ahead of the weekend !!

Very interesting article that could send Gold through the roof next week :-

https://www.bullionstar.com/blogs/ronan-manly/us-tees-up-stop-russian-gold-act-triggering-lbma-and-comex-to-eject-russian-refiners/

$2000 !

ECB in ten minutes and inflation numbers from the states, hold on to your nuggets !!

Sandeep will be throwing windmills this morning !!

:))

Yep ditto that, with the exception of a handful of posters on here I think we all want to see yet more good results tonight but there's a slight doubt in my mind that Newcrest may well want to spoil the party. Remember SB is still pretty cheesed off with SD for going 'rogue' so he'll probably want some pay back tonight.

Everything had been going swimmingly up until last year and the 'love-in' was progressing along quite nicely but I have a feeling that SB might throw a few fictitious curve balls tonight when he delivers his statement, here's a few he could use and please feel free to add your own :-

1. Coronavirus had a major impact on our personnel (yeah right, he has used that one already !)
2. Drilling was suspended due to ground conditions (I'm sure he's used that one already as well)
3. Weather had a severe impact on our operations
4. Increased cost of fuelling operations had a major impact on our drilling operations
5. Further higher energy costs not budgeted for
etc.

and so the list goes on, maybe a new species of Kangaroo has settled in nearby or the local Koalas want their habitat back ??

Should be entertaining either way !!

To quote Delboy..........'you know it makes sense !'

Nice :)

Nice post there Speedy, ditto those comments. In addition as Bitcoin gains traction (see Swiss latest Bitcoin news) central banks will back their own currencies (or new digital currencies) with either Bitcoin, Gold or a combination of the two.