Sunday , November 24 2024
Home / Mike Norman Economics / Rusvesna — Russian Central Bank buys 100% of the gold mined in Russia

Rusvesna — Russian Central Bank buys 100% of the gold mined in Russia

Summary:
This not only adds to gold reserves but it also pumps rubles into the economy without "debt financing" or taxation to "balance the budget."Fort RussRussian Central Bank buys 100% of the gold mined in Russia Rusvesna - translated by Inessa Sinchougova

Topics:
Mike Norman considers the following as important: , ,

This could be interesting, too:

Mike Norman writes TASS — Russia’s Central Bank cuts key rate to 7% for first time since 2014

Mike Norman writes RT — Russia bringing back the gold standard may kill US dollar & solve main problem of cryptocurrencies

Mike Norman writes Ronan Manly — Russia’s Central Bank Is Buying up so Much Gold Its Huge Mines Can No Longer Keep Up

Mike Norman writes Joaquin Flores — Russian Central Bank: Sanctions Do Not Have Decisive Impact on Economy


This not only adds to gold reserves but it also pumps rubles into the economy without "debt financing" or taxation to "balance the budget."

Fort Russ
Russian Central Bank buys 100% of the gold mined in Russia
Rusvesna - translated by Inessa Sinchougova

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *