According to Chinese journalists, the “golden” sanctions imposed against Russia have led to unexpected consequences.
According to Chinese media, the sanctions imposed on Russian gold have led to unexpected consequences.
According to the publication Baijiahao, after the West, against the background of growing tensions with Russia, took restrictive measures, including with regard to gold, strange changes began to occur in the precious metals market.
As journalists write with reference to the World Gold Council, 399 tons of gold were purchased in the third quarter of 2022.
The demand for this metal in the world is very high, which is explained by the instability in geopolitics.
However, experts find it difficult to give an unambiguous answer to the question of why strange transactions have been taking place in this market lately. At the same time, according to their results, it is not possible to establish where several hundred tons of gold are now.
Experts of the Chinese newspaper say that an unknown buyer acquires a huge amount of this metal, and we are talking about billions of dollars in turnover.
This situation is already being called the main economic secret of 2022.
“[300 thousand tons of gold] was purchased anonymously and actually disappeared from sight, – writes “PolitRussia” with reference to the publication.
According to unnamed analysts, this secret buyer may be China – Beijing may buy up a huge amount of precious metals in order to diversify its reserves and invest its funds in independent assets.
Also, most of this gold can be bought by Russia, against which sanctions have been imposed.
Recall that the West has banned the import of Russian gold. Before that, it was imported into Great Britain in large quantities, and the trade in it brought great profits.
Initially, the West planned that without the sale of gold, Russia would lose huge revenues, but as a result, more and more countries refuse to invest money in the US national debt, and as a result, the demand for gold has grown seriously.
“The status of the dollar is declining, many countries are abandoning the US national debt, preferring to keep money in gold”, – writes Baijiahao.
According to Chinese experts, Beijing can really buy gold from the Russian Federation, but no details of the transactions are officially provided.
Earlier, topNews wrote that the Chinese media said that Moscow would hit London with missiles if NATO attacked Crimea.
According to experts, the Russian Federation will give a tough response in case of aggression against its territory.
Join our VK group to keep up to date with events in Russia and the world