Why are Russians and Chinese governments buying gold even at these prices?
Better now than later.
>>61129151I don't think Russia has money for that at the moment but they might just keep what they are mining.
>>61129151Soon enough bitcoin will be measured in gold and not fiatNo one seems to realize/understand this is happening yet but it’s obvious Fiat has died - new world is specie digital and specie real world working in tandem - former for convenience, security, and instant transactions/data transfer, later for back up scenarioSimply copy what they’re doing
>>61129151They're playing chess, while trump and his cabinet of sycophants play hungry hippos.
they've decided to expose the comex fraud
>>61129151because like every government it is staffed by a midwit bureaucracy
>>61129151>>61129211/thread
>>>/pol/519027726Op knows why and clearly just baiting
>>61129151>at those pricesThey have been accumulating gold for literally DECADES , when boomers in US gov conveniently provided them with low prices via short selling paper gold daily , keeping prices low. By this time they already own shit tons.
>>61129151Storing gold physically has a value of its own.
>>61129151When the world devalued russian money when russia went to war teach you any thing ? Your government can freeze your bank at any time ? Canadian trucker protest ? Wake up. No one trusts fiat any more.
>>61129185They are increasing their reserve fyi China is doing the most woth gold though
>>61129185Russia is the country that is the most self sufficient (has energy - oil , gas, nuclear, has its own food etc).it also has the least amount of banker debt. >so they don't have to kill their own citizens via taxes to pay this debt >. Russia 290 bln $1,989 per capita 13.23% of GDPhttps://en.wikipedia.org/wiki/List_of_countries_by_external_debt
>>61129211never heard of a midwit buying gold. Every midwit I know is a dave ramsey JUST INDEX THE S&P500 FOR 1000 YEARS, BRO
>>61129312Ok, Ramzan
>>61129312>has its own food etcThey've started importing food and refined oil from Belarus. They kill their own citizens by sending them on meat assaults outside Pokrovsk, on Chinese motorbikes.
>>61129185Russia is the 4th biggest economy in the world. I'm sure they can afford it
>>61129540Where the fuck are you looking that up? they're not even in the top 10, they're even below Canada kek
>>61129540Nigeria with snowGDP per capita$14,260 (nominal; 2025)[5]
>>61129617>>61129616https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)Seethe NAFO troons
Average gross salaryRUB 91,000 / €1,019 per monthkekNoticed how there are less Zigger shills these days as they economy starts to fail?
>>61129540Russia cannot afford to buy gold.However they have multiple mercenary groups in Africa propping up dictators, raping local women, and operating gold mines.In fact a few months ago they took over a chinese operated gold mine, executed chinese employees, and Xi Jinping looked the other way like the cuck he is.Everyone knows Putin runs BRICS, and Xi Jinping is his little compliant lapdog. Even in spite of China's immense wealth and influence, Xi still acts like the junior parter of Putin.
>>61129640Who gives a shit about GDP by Purchasing Power Parity (PPP). Nominal GDP is way better for ranking overall economic size. PPP is only good for ranking living standards, nobody cares about those individuals. Nice try Russkie.
>>61129202>>61129277These are the answers.Spoiler alert: the US doesn't have the gold they say they do and Russian and China are calling their bluff.
>>61129640>Poor People PointsLolLmao
>>61129499Crazy this is a thing in 2025.
>>61129661There really is. v/ is 100% better as of late.
>>61129151Why is the US suddenly deciding to ramp trillions into re-industrializing? Russia and China have the industry but not the monetary reserve resilience, so they are buying gold regardless of the price. US has the gold reserves (supposedly) but not the industry. This is strategic positioning for a total war setup.
>>61129151They're ahead of the curve
>>61130004>The latest employment summary from the U.S. Department of Labor finds employment levels in U.S. manufacturing declined by another 12,000 jobs August. This follows a loss of 11,000 jobs in July and 7,000 jobs in June. Manufacturing jobs are down by 78,000 since the start of 2025, reports the Dept. of Labor.
>>61129540>I'm sure they can afford itThey are like stuck in a war of attrition though.
>>61129616They are number 4 after adjustment for exchange rates
>>61130004>US suddenly deciding to ramp trillions into re-industrializingWhen did that happen?
>>61129640Nominal is what's relevant for the purchase of an internationally traded commodity such as gold
>>61131045The war isn't that expensive. According to SIPRI, Russian military spending in 2024 is up by only about 3% of GDP compared to 2021
>>61129937>oy vey you cant just make fun of my fantasy wheelchairs, this is heckin informational warfare psyops foreign operation sabotage
>>61129200>this
>>61131387>The war isn't that expensive.I guess that's why it isn't going anywhere. Still doubt buying gold is Russia's first priority at the moment with all the refineries blowing up and thus reduced income.
>>61129616>>61129617>Nominal GDP of a country with heavily sanctioned FXHoly based retards
>>61129151Because China's is going to try(and fail) to invade Taiwan in 2027. And their industrial base will blow the fuck out because of it fucking the world over
>>61129151Because they are stupid bugs and ziggers lol
>>61131349https://www.forbes.com/sites/kirkogunrinde/2025/10/13/rare-earth-stocks-surge-on-jpmorgans-15-trillion-us-investment-pledge/
>>61129151They are quietly dumping their US bonds, and they need something else to invest all that money in.
>>61129151because every major currency is going to fucking zero
>>61131543Is this just another headline-grabbing big number to please Trump that involves no legally binding commitments and/or is just a rebranding of investments that they planned to do anyway and/or is a rebranding of stock buybacks as "investments"?>JPMorganChase today announced the Security and Resiliency Initiative, a $1.5 trillion, 10-year plan to facilitate, finance and invest in industries critical to national economic security and resiliency. As part of this new initiative, JPMorganChase will make direct equity and venture capital investments of up to $10 billionSo it's actually just a $10B pledge?
>>61129151>RussiaBecause it's sanctioned to hell and gold is universally valuble and hard to trace>ChinaBecause it's valuable
>>61131475Russia is running a current account surplus, even in 2025Q3. They need to put that money somewhere.
>>61131678nobody actually believes this.
>>61129750kek
>>61131687Why not? It wouldn't be a new thing. For decades, Russia has been financially highly disciplined and a strict saver.https://www.cbr.ru/eng/hd_base/mrrf/mrrf_7d/https://tradingeconomics.com/russia/current-account
>>61131678Where's the money and gold from the national wealth fund going? Oh right it says right there: "to cover budget deficit"
>>61131720Oooops where did it go?
>>61131735That's the national wealth fund, not the central bank forex reserves. As I understand it, the Russian national wealth fund is not a forex reserve, and in fact contains mostly domestic assets. So the NWF balance is not relevant to the matter of forex accumulation or current account balance.
>>61129151Most rumors of central bank buying are bullshit, when central bank buy they do it in secret using a third party, they don't let plebs front run them.
>>61131720War is the most expensive endeavor a state can undertake and it's been in an attritional war for 4 years now. Plus government on every level is corrupt as hell
>>61131763The article says that the gold from the NWF was used, but not put up for sale. An obvious explanation is that the gold was used to as payment for purchases from foreign governments. Or, as the article says:>In response to journalists’ requests, the ministries stated that the gold could have been converted into rubles and used to support Russian companies and strategic sectors of the economy.Also, 171 tons of gold is worth about $24B at current prices, and less at the time it was used. That's not a lot in the context of Russian forex reserves.
>>61131783It seems to be costing about 3% of Russia's GDP>>61131387
>>61131765>>61131833nobody cares whether it's forex or not. Russia isn't stacking gold at the moment plus the article says that 58.9 tons were officially announced for sale. Why do you have to cope so hard?
>>61129151>Russians and Chinese governments buying goldthey bought it?prove it
>>61131895The article says that 59 were put up for sale, but the amount held decreased by 171 tons. What this tells us is that about 112 tons were used in some other way.Gold is forex, but as I understand it, Russia's NWF mostly isn't forex. Russia's main stack of forex is in the central bank forex reserve, not in the NWF. The NWF had 359 tons at the beginning of 2024, which is worth about $50B at current prices. By comparison, the central bank forex reserve has about $730B (of all types of forex assets).
>>61131969And the central bank forex reserves are increasing. According to the statements, it seems the reserves increased by about $120B from $610B to $730B since the beginning of 2025.https://www.cbr.ru/eng/hd_base/mrrf/mrrf_7d/
>>61131969Forex gold reserves are flatlined since 2020. Any more cope to refute?(Btw. Russia still counts the $300B in frozen assets to its forex reserves as if they would get it back one day)
>>61129715>>61129750>>61131377it's the only thing that matters in war and an increasingly multipolar world order, you absolute fucking gorilla retards. every day i have to come in here and school you retards. baka.
>>61129746>thisthey killed doge for flying too close to the sun
>>61129192Solid analysis.
>>61129151It's funny to read the oblivious TDS posts.Wait until you learn it's the US actually buying the gold.
>>61129640These Retards claim any bullshit to make russia look bad. Nafo trannies are legitimate 80 iq. I almost rather have jeets on a board then them.
>>61129640>pppis /biz/ filled with turdies?
>>61129499keep seething mykola. now back to your trench.
>>61129666oinnnnk seethe more hohol. now kys.
>>61129151>even at this pricesYeah the West is fucked
>>61129151They're growing their gold reserves to return to gold backed currencies. The US dollar is worthless to them long-term as they wish to destroy it as a reserve currency.
>>61129151Russia definitely isn't buying up gold right now
>>61129151Because nobody wants rubles and yuan. So the only way they can trade is with gold
>Why are Russians and Chinese governments buying gold even at these prices?They CAUSED those prices.
