You are here
Russian financial analyst expects gold price suppression
Russia Ditching U.S. Treasuries for Gold to Protect Economy and Diversify, Analysts Tell RT
From Russia Today, Moscow
Sunday, July 22, 2018
Russia ditching U.S. Treasuries for gold in bid to protect economy and diversify, analysts tell RT
Russia has left the top-30 list of top lenders to the United States by radically slashing US Treasury bills ownership. RT-polled analysts have shared their opinion on the move.
... Dispatch continues below ...
USAGold: Coins and bullion since 1973
USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.
Please call 1-800-869-5115x100 and ask for the trading desk, or visit:
USAGold: Great prices, quick delivery -- all the time.
"Both political and economic reasons could be found here. The central bank may have thought that Russian-owned Treasuries could be frozen because of geopolitical tensions. The regulator announced in the spring that it plans to diversify its reserves," said Zhanna Kulakova, financial consultant at TeleTrade.
The analyst thinks the Russian central bank could re-invest the money from the sale into Chinese bonds and gold. "Gold is a tangible asset that cannot be completely depreciated under any circumstances. In periods of global financial or political crises, gold will be much more useful than securities or cash," Kulakova said, noting that gold is also prone to price fluctuations from time to time. ...
Vladimir Rojankovski, an expert at the International Financial Center in Moscow, gives another reason for Russia withdrawing its assets from the United States. "They could be frozen by foreign courts based on the results of biased/politicized legal proceedings," he said. ...
Rojankovski praises the move by the Russian central bank to diversify, but warns that gold prices could be manipulated on the market like oil. "In the event of a global decline in the interest of large sovereign investors in U.S. Treasury bonds, I expect an increase in speculative activity in precious metals in order to artificially lower their market valuation," he said.
... For the remainder of the report:
https://www.rt.com/business/433950-russia-us-treasury-dumping/
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
