Miscellaneous News

56860

Senior Member
Registered Member
Let me try to understand the logic why sanctioning Russia's gold import and export will put Russia on her knees.
  • Russia is neck to neck with China as the two top gold producing countries in the world.
  • Russia import very little gold. Not even among the top 15.
  • Russia ranks #7 as gold exporter (4.4% of global export) in 2021.
  • Russia is right next door to China, the #7 ranked gold importer (11.1% of global import) in 2021. China can easily absorb all the gold Russia exports.
I give up. There is no logic at all.

This idea is probably originated from the same group of western financial/economic wizards who came up with the ideas of EU banning coal import from Russia in April (two months later EU all switching to coal), escrow oil & gas payment to Russia (this brilliant idea lasted not even a week), and institute a cap on Russia oil prices.

Sure look like another home run from these guys.
Absolutely fantastic. First China gets cheap oil and gas. Now China also gets cheap gold. Keep the sanctions coming please :)
 

plawolf

Lieutenant General
Pretty sure most of the senior members here are married with children, or grandchildren.

That also reminds me. It's funny how the West kept saying China was going to have social unrest sure to give numbers of single men who can't find wives. Turns out, once again, it's the West that found itself dealing with incels.

Well, what were you expecting to happen when more and more western women are choosing eligible Chinese men over their toxic western counterparts?
 
Top