GOLD: Russia Sanctions Backfire, LBMA Banks Take Cover!

Russia’s attempts at bypassing recent sanctions could trigger huge arbitrage opportunities, bolstering the…

by Samuel Briggs via Kinesis

In this week’s Live from the Vault, Andrew Maguire unpacks the Bank of Russia’s shocking decree, declaring the bank will accept only gold or gold-pegged Ruble payments for oil, energy and commodities.

The precious metals expert explains how Russia’s attempts at bypassing recent sanctions could trigger huge arbitrage opportunities, bolstering the Ruble’s value in the process.

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