Russian invasion: What would gold sanctions do? | Morning in America

What would freezing Russia out of world gold markets accomplish?

#sanctions #Russia #UkraineWar

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[untouchablex]

They are not sanctions. It's called "special economic operation."

[sdbullion]

Incorrect, the US can throw sanctions at US dominated market players, but Russia can trade physical gold with any country willing to ignore said sanctions.
So major economies like China, India, Saudi Arabia, Turkey, etc... they can still use gold in trade with Russia (which is about to become the world's largest gold miner this decade).
By the way that fiat currency in the top right portion starting the video is the Chinese yuan not the Japanese yen, big difference between our US sphere of influence.

[arieloq]

That only works if you are not China, India, Pakistan, or the rest of the world but US or EU... so.. no, they can still use gold...

[Ibn_Abdulaziz]

Russian gold vs worthless u.s dollars? Maybe this is how the end of the dollar reserve currency begins.

[fataimasha]

Sorry the word is not only G7 countries, you people have not learn anything from sanctioning Russian.
Russia don’t sell gold they buy it rather so it doesn’t make any sense

[raphoton]

How can you stop any two entities from trading when they have something the other wants mutually?

[patrickbissonette]

Russia is the third largest producer of gold in the world and is estimated to have 6, 700 metric tonnes in reserves. Second only to Australia Russia does accepts gold for it's commodities from BRICS nations and others. And yes the buy gold as well. They are playing ♟️ chess, not checkers. Whether we like it or not they are a commodity Giant

[fannywayne]

Why try to block an ancient relic of the pass a crazy tradition ???? or right Gold is money