Topic: UAE is the biggest gold buyer of Russia during this war (Read 480 times)

Outcast country status, terrorist country status, "toxic regime", sanctions, economic collapse, loss of "second army" status, "fake" status - about many branches of russia and russia as a whole, loss of a place in international space, and many other extremely negative events - is this your strengthening?

Especially the so-called "friends of russia" are two camps:
1. The rogue countries that want to benefit from Russia (Iran, North Korea, etc.). Here it's simple, "like-minded befriends like-minded".
2. the "kites", who see a slowly dying "superpower", from which now we can "rip something off" before it starts to smell like dead meat and no one needs it. China and India are getting oil for a penny. In addition to the price, they simply "cheat" Russia out of money (the facts are in the public domain - very easy to find). Because they understand that russia has NO CHOICE! And russia sells off its last reserves for pennies... But resources are not limitless, the economy is falling apart, especially without access to western technology... And if the USSR collapsed for more than 10 years, with a more powerful and self-sufficient economy, the term of Russia is much shorter. Just remember that the real sanctions only work for 9 months.

That's why they are actively selling gold. Yes I will answer the question "this is how russia buys gold" beforehand. Yes it does, but it buys it even cheaper than it sells it at a dumping price. It buys a lot of domestically produced gold (i.e., no currency for it), gets gold from the seized mines and factories, which in some African countries have fallen into the hands of the Wagner PMC. By the way, this grouping was created precisely to seize the resources of some African countries, to fill, for pennies, Russia's gold reserves ...

Although I think war can never be a way to the solution. However, I think that despite Russia's losses in the war in Ukraine, Russia's power in the world has increased somewhat. In particular, the monopoly of the United States of America has diminished somewhat. Many countries of the world are now joining hands with Russia and China. And in view of this, the buying of gold has been affected. And I don't find cruelty here because I see that autocracy is diminishing.

This is a very serious philosophical question - what is more important in human history - power or economy. 

Many scientists - sociologists (historians, economists, etc.) believe that all historical events are determined solely by economic reasons.  Therefore, they explain all wars with purely economic reasons - the desire for profit (for economic gain). 

However, there is an opinion that the desire for power (to maintain or seize power) is always more important than economic issues.  If the elites believe that certain actions will help them retain power, then they will easily sacrifice the economic interests of their country and the welfare of their people. 

They do not need a rich and prosperous country, if in this country they will not be in power, but other people.

Don't try to find HUMAN LOGIC in the actions of the Kremlin regime. It is the ideology of a criminal, a maniac. I like this alien thing - I want it! It goes something like this.
In fact, you remember very well when Russia's terrorist attack on Ukraine began - in 2014, after the people of Ukraine overthrew and expelled pro-Kremlin President Yanukovich. That was the trigger, or rather the wild scare of the Kremlin kleptomaniacs and criminals. They were frightened of how Ukraine had set an example to all its neighbors of how to deal with totalitarian criminal regimes. The result was an attempt to destroy the INDEPENDENT Ukraine. This is generally the main reason...

And now that the world community is helping Ukraine to finish off racism, some have decided to use the situation to their advantage... Someone is buying gold for cheap, someone is buying oil for a coin...

Not sure if that was the thinking they had, but I am pretty sure that every nation in the world does what's best for them and that's how they move on. If you think that any nation would do something just to hurt itself, then you are pretty wrong. Even Russia is doing something that is hurting them, it's a stupid move for sure, but they are doing it to take those lands and they mattered to them, I have no idea why they mattered but they did and that's why they attacked.

Attacking nearly a European nation in this decade is definitely stupid because it would not make sense but they still did it with aim of benefiting themselves, failed but that was the goal. So all those nations did it because they believed it would benefit them.

Thank you for your concern and support of the people of Ukraine. We will stand, we will win, the aggressor has left us no other choice, and friends around the world are helping us and bringing our victory closer!

Regarding sanctions. Back in the middle of 2022, when the world realized who they were dealing with and started imposing sanctions, I explained to everyone that sanctions are not a shot to the temple. That's not how they work. Especially in relation to the economy of a country that managed to virtually monopolize the supply of gas and oil to the EU, making major EU economies dependent. Plus, deep international corruption, black profits and other things have allowed "deep penetration" into the authorities of many countries and made them hostages too - of dirt, money, something else.
That is why sanctions cannot be a solution that will "solve the problem in half a year". Sanctions are like a boa constrictor strangling its victim - at first it is hard to breathe, then the bones break, then the finale.

If you look at the indicators of the Russian economy (by the way, many indicators have been classified "for some reason"), you will see a terrible budget gap, huge holes, and many other extremely negative events for the economy. And at the same time the sanctions have been in effect for only one year! The USSR was under sanctions for just over 10 years. But the economy of the USSR was much more powerful, there were donor countries, at the expense of which the USSR held on for a while, but even then it collapsed like a colossus on clay feet.  Russia will not last 10+ years, I think it will take from 3 to, at most, 5 years.

I deeply empathize with all citizens of Ukrainian who have been enduring through devastating situation for years. The ongoing conflict has brought immense sufferings and hardships for the people of Ukraine, and my sympathies go out for them. As a victim of war your emotions are understandable, however the opinion about effectiveness of sanctions as a tool to bring this conflict to an end, is a debatable topic and there are divided opinions. Evaluating the impact of sanctions can be complex and requires careful analysis. It is important to explore and utilize all other means available, in addition to continuation of sanctions that could contribute to the resolution of  this conflict.

As a resident of Ukraine, who has been observing with my own eyes what Russia has done in Ukraine since 2014, and especially in the second phase - since February 2022, I declare to you with full responsibility - no negotiations with Russia are possible! Their word and promises are not worth ANYTHING!
I can remind you of the Budapest Memorandum, a bunch of treaties on "Friendship and Cooperation" between Russia and Ukraine, on the recognition of the integrity and inviolability of Ukraine, on the recognition of the right of self-determination... Where are all these treaties, promises, words from tribunes? Now instead of these words there are hundreds of cities and towns that have been FULLY destroyed. Instead of promises - hundreds of thousands of brutally murdered civilians of Ukraine. Example - tonight, for example, Russia struck the peaceful city of Lviv with 10 "Daggers", hitting residential buildings and killing civilians. Instead of promises of friendship, millions of people have lost everything and are forced to leave their cities, homes, everything they have accumulated throughout their lives and move to other cities and even countries!
your suggestion sounds very unreasonable, believe me. We too want peace, but we know the meanness and perfidy of russia. "The Russian world" is a cancerous tumor of the world. You know very well how oncology is fought - the destruction of this contagion to the last cell of the carrier of the cancer ! Until RASHISM is destroyed like Nazism in 1945 - the war will not stop, the world will be shaken by terrorist attacks and wars.

Do you think Ukraine is the first victim of russia? Let me remind you - Ichkeria, Moldova, Georgia, Azerbaijan and many others, and this only in the last 20 years! Look at the metastases of the Russian world - the PMR, the LND, the DNR, Abkhazia... They are points of destabilization of entire regions. 
You still want to treat cancer with talk?!

That is why economic squeezing, sanctions, aid to Ukraine, and pressure on terrorist accomplices are the only way to save the world.

Indeed, prolonged conflict between Russia and Ukraine is a matter of great concern for all of us, as it is directly or indirect affecting life of everybody worldwide, in the shape of loss of innocent lives of civilians, property damage and soaring inflation. As an advocate of peace , I strong urge everybody to raise their collective voice on all forums to compel major world powers to start negotiation to bring this conflict to an end. The continuation of this conflict can potentially involve neighboring countries and can result in catastrophic situation.

It seems like Big powers are not interested in resolving the Ukarine / Russia conflict as it's going on for over a year now. UN security Council must sit down and figure out some solution to this conflict. Already there is too much loss of human lives in this conflict.
India has decade old defense and business ties with Russia while Gulf countries are in western camp. So far usa is not sussssful in getting support of India nor Gulf countries which is a kind of Diplomatic win for Russia. The irony is that no side is giving up and is the reason conflict is getting prolonged.

In the midst of sanctions that are implemented on Russia, surely the Russian gold price will offer will be cheaper to those who buy it, of course UAE who has integrity in running the government and diplomacy that is quite good with many other countries, certainly will not miss the benefits they can get on Situations like this, and this is a strategic step taken by the UAE government, if it is connected to the rise of de dolarization and the issue of renewal of the international transaction currency, depreciation will occur and yes UAE needs a value of value for its currency in the event of fluctuations. Imo
Mohammed bin Zayed Al Nahyan is a businessman who is quite reliable, if I am not wrong to hear that Russia oil is limited by the price by the European Union, UAE bought Russian oil, then sells it again to the European.

In the case of the European Union, it is forbidding other countries to work with Russia, but if you look at the big glasses of the European Union today, they cannot do much, because today they have to solve the problems in their country, especially the energy problem and in essence they are very dependent In other countries. CMIIW

The geopolitical situation surrounding Ukraine war is very complex, making it challenging  for countries like India, UAE to align with a particular side. These nations have traditionally have been maintaining a principled policy of nonalignment, and it is in their national interest to maintain a neutral stance.

Moreover, buying of Gold during the times of  conflicts, is a common practice of countries  to diversify their national reserves to mitigate the potential impact of currency fluctuations.

If you look at the countries mentioned as well, they are one of the best most giant countries that could independently stand on their own, they know what they are doing by standing o the fence to avoid their involvements or being one sided knowing that they were also influential in making decisions because they are giant on their own, we cannot predict what the future may also brings concerning them on having related issues like that with Russia or any other country, everyone is for now trying to maintain his limit without interfering on other's issues, but with buying of gold from Russia, there may be a likely possibilities for that and it will have to be done saliently because Russia need an exchange means to help it reimburse her supply for weapons.

 

To adequately answer your question, let us first define the statement "during the Russia vs NATO proxy war that is ongoing on Ukraine.
I very much hope that you are in good mental health, and that you do not have any difficulty in perceiving reality. So the question is, where is NATO at war with Russia?
Maybe you will also say that the attack on Ukraine in 2014 was a consequence of "Ukraine joining NATO"? Just in case - the FIRST official document about Ukraine's desire to join NATO appeared .... in 2018, and you can easily check it

But back to the point: "The countries mentioned here (India, United Arab Emirates and China) refused to take sides" - no, they didn't refuse anything, they chose a simple tactic - let's just take a chance for personal gain while Russia still exists and get the maximum benefit from this decaying terrorist state with special cynicism. Let's sell our crap to them, buy oil, gas, gold from them, for a penny, and even for our currencies, without spending dollars. That's the reality, not what you are trying to fantasize. It's just business, not very decent players, but solely for personal gain.

Of course we hope so, but we have to be realistic too that Russia will not just weaken,
its unfathomable strength was certainly a consideration,
that's a sad fact and hope in the future it won't happen again.

The countries that are being mentioned here (India, United Arab Emirates and China) refused to take sides during the Russia vs NATO proxy war that is ongoing on Ukraine. European public elected warmongers like Green Party, and they deserve all the inflation and economic downturn that they are getting now. But why someone in India or China should suffer for this? Crude oil prices have rocketed up by 2x from the 2020 levels. And this has a lot to do with the ongoing wars and policies by Biden regime. Given this, NATO should not advise neutral parties when they try to secure cheaper commodities.

A good leader will take advantage of opportunity like this, this war has made some prudent countries to get better by making the most of he cheap resources from Russia. The way some countries decided to make their citizens to suffer for a war that do not concern them, I am not surprised that countries like India, China and UAE are making the most of this war, buying cheap oil and Gold but the Europeans are paying through their nose for the fuel and they are suffering high inflation for these useless decisions by their leaders

The pretty old topic still I think over the gold market China is a big player and China is making each and every effort to own as much as possible Gold reserves seem like they are diversifying things to support their economy in a better way. Still, India and China are both big gold markets from the consuming point of view. For UAE I am not sure.

As the topic is specific in its ideology War between Russia and Ukraine Nah I don't think so because if we consider it as a war full fledge War Ukraine stand nowhere, I am not underestimating them but I think it's like a defending and some sort of strike on the basis of lame excuses (Terrorism.. nah it's not that simple). I am not much familiar with global politics but it's a trap. For those who are saying Russia is selling everything haha I would say they have a lot of natural resources which are their backbone and if they are selling them off nothing bad because Gulf countries did the same.

You are all right! Absolutely right ! Only for some reason you decided to keep silent - how and by what forces this control was obtained. I will clarify your post, as often happens
No, russia did not invest in building infrastructure, did not invest in the listed states, did not help to build enrichment plants. No. They paid the local "czars", brought in mercenaries like PMC Wagner, or rather PMC Wagner, and allowed them ANY method to gain control over the existing mining companies and mines. Then, at a near-zero price this gold was placed at the disposal of the Kremlin. Shall I tell you the story of the Wagner PMC or can you read it yourself? It was created in early 2012, officially it began to be talked about around 2015.

Now the situation has changed - the U.S., France, partly the EU and other countries have recognized this group as a terrorist group, which means the end of the Wagner PMC is destruction, which means the flow of gold to Russia will be reduced to a minimum...

The fact that Russia, in the death throes of its economy, is selling out everything it can - this is not surprising, but ... the reserves are not eternal in a losing war at the doorstep

Rulers of any country with half a brain are buying gold (among other things) these days to reduce their dependence on fiat and more specifically on US dollar that keeps being dumped and printed at the same time. With dedollarisation, countries have to have a replacement otherwise they wake up one day and see all their reserve currency is turned into garbage.

What's even more interesting is that majority of these purchases are not being reported on in the mainstream media. As if they want to keep it under the radar in order to not let the price shoot up while they accumulate...