yeah .. butt at least they are not buying russian gold ... come to think of it, but in reality, a bar of gold is pretty useless .. could make a good weight for sinkers (for fishing) - but lead is a good substitute ..
What the ban on Russian gold imports means for its increasingly isolated economy.
The decision over the weekend to ban the purchase of newly mined and refined gold from Russia is the latest effort by the United States, Britain and their allies to dial up the wave of sanctions they have imposed on Russia in response to its four-month-old invasion of Ukraine.
The announcement, made as President Biden and other leaders from the Group of 7 nations gathered for meetings this week in Germany, builds on steps already taken to cut Russia off from the international financial system, to deprive it of additional revenues that are helping fund its war in Ukraine and to punish President Vladimir V. Putin of Russia and wealthy business executives in his circle...
MMMMM
Russia’s billionaire business magnates have been buying gold bullionin an attempt to blunt the impact of the sanctions. Prime Minister Boris Johnson of Britain underscored the point on Sunday, saying the move would “directly hit Russian oligarchs.”
totally unrelated .. and maybe this post will be moderated as being off topic .. .
Gold price continues record run, has $2,350 in sight
Gold continued to climb on Friday to hit yet another record high, as multiple factors including US interest rate cut bets, speculative buying and central bank purchases kept bullion’s record rally active.
