– We own gold bullion to ‘support national security’ – Russian Central Bank
– Russia warns Washington: Confiscating fx reserves would be ‘declaration of financial war’
– Russia has quadrupled its gold bullion reserves in decade
– BRICs discussing ‘the possibility of establishing a single (system of) gold trade’
– Russia, China & maybe Saudi Arabia form alliances to unseat petrodollar
– Putin warns state-owned and private companies: be ready for rapid transition to war-time operations
– Russia, China gold-buying, Saudi strategic shift signal petrodollar era ending
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Last week Russia’s Central Bank First Deputy Governor Sergei Shvetsov said Russians own gold bullion and their central bank is adding to its gold reserves in order to ‘beef up national security.’
Yesterday, the Russian Finance Minister Anton Siluanov warned Washington yesterday: ‘If our gold and currency reserves can be arrested, even if such a thought exists, it would be financial terrorism.’
Russia is prepared for the possible toughening of US sanctions. However, if they include the seizure of Russia’s foreign exchange reserves, it would be regarded as a ‘declaration of a financial war,’ the Russian finance minister warned as reported by RT.
This post was published at Gold Core on November 29, 2017.