Russia & China could set international gold price based on physical gold trading
RT | December 3, 2017
Since Russia, China, India, Brazil & South Africa are all either large producers or consumers of gold, or both, it is highly likely that the BRICS bloc they constitute could focus its cross-border gold trading network on trading physical gold.
Gold pricing benchmarks from such a system would be based on physical gold transactions, which is a departure from the way the international gold price is currently established.
Such a system would also be a threat to “gold” trading markets in London and New York. The London Over-the-Counter (OTC) and the New York COMEX futures exchange currently set the international gold price.
OTC and COMEX are really trading synthetic derivatives on gold, and are completely detached from the physical gold market. In London, the derivative is fractionally-backed unallocated gold positions which are predominantly cash-settled. In New York the derivative is exchange-traded gold future contracts which are predominantly cash-settled and backed by very little real gold.
The major gold producers Russia, China and other BRICS nations could change the way the international gold prices are set currently – in a synthetic trading environment which has very little to do with the physical gold market.
BRICS cooperation in the gold market was first unveiled in April by the First Deputy Chairman of Russia’s Central Bank, Sergey Shevtsov, during a visit to China.
“We (the Central Bank of the Russian Federation and the People’s Bank of China) discussed gold trading,” he said. “The BRICS countries (Brazil, Russia, India, China and South Africa) are major economies with large reserves of gold and an impressive volume of production and consumption of the precious metal. In China, gold is traded in Shanghai, and in Russia in Moscow. Our idea is to create a link between these cities so as to intensify gold trading between our markets.”
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A Cautionary Tale About the WHO
By Larry Romanoff | Moon of Shanghai | May 10, 2020
There appears to be no shortage of claims from multiple informed and independent sources that the WHO has two primary functions, the first as a tool for world population reduction on behalf of its masters, and the second as a powerful marketing agent for big pharma, specifically the vaccine manufacturers. Many critics have pointed out that the ‘vaccination experts’ at the WHO are “dominated by the vaccine makers standing to gain from the enormously lucrative vaccine and antiviral contracts awarded by governments.” And indeed, the advisory and other committees involved with the WHO’s vaccine programs seem heavily populated with those who profit directly from those same programs.
Equally, the claims and concerns about population control and reduction are far from conspiracy theories today, with far too much evidence, some of it frightening, that this is indeed a major agenda of the WHO today. We have already seen too much hard evidence of this body’s involvement in both areas to justify dismissing the concerns as implausible fears. Moreover, there is a disturbing list of individuals closely associated with the WHO, who have had either population reduction or mass vaccinations as a pet project; individuals like David Rothschild, David Rockefeller, George Soros, Donald Rumsfeld, Bill Gates, and many more, the list including national organisations like the CDC, FEMA, the US Department of Homeland Security, the Rockefeller and Carnegie Institutes, the CFR, and others.
It is not difficult, on the basis of all the evidence, to conclude the WHO is an international criminal enterprise under the control of a core group, one with European corporate dynasties at its center which, as one writer noted, “provides the strategic leadership and funds the development, manufacturing and release of synthetic, man-made viruses solely to justify immensely profitable mass vaccinations”. We have seen so many instances of an unusual and apparently laboratory-made virus appearing without warning, the onset followed immediately by urgent worried pronouncements from the WHO of yet another mandatory mass vaccination. … continue
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Aletho News 
The recovery in mid-1930’s Germany arose with a fiat currency system that was separated from Rothschild banking.
Fiat currency functions to lubricate commerce. The Federal Reserve accelerated and exacerbated the Great Depression by taking 30% of currency out of the system in the beginning of the depression.
Prosperity for the commoners is better assurred not by gold, but by lesser metals which are attainable by the masses.
Watch SECRET OF OZ to learn about money. Worship of gold plays into those who have the gold and make the rules.
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Even when the gold price was linked to the US Dollar, it was “pegged” at US$32/oz. I suspect that the “REAL” price of gold is a lot higher than the ‘official’ price of gold(which is set in London and New York) by the people who “own” the “market”(and LOTS of the Gold itself).
“Free Market” doesn’t mean what it implies.
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