Putin is selling Russian oil and gas only for physical gold.

Gold vs $ this is the Question.

Gawronski Rafzen's Blog

Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.

No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold.

Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But he immediately exchanges all these dollars obtained from the sale of oil and gas for physical gold!

To understand this, it is enough to look at the dynamics of growth of gold reserves of Russia and to compare this data with foreign exchange earnings of the RF coming from the sale of oil and gas over the same period.

Russia-gold-puchases

Moreover, in the third quarter the purchases by Russia of physical gold are at an all-time high, record levels.  In the third quarter of…

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