Hmm just a thoughts, a Russian thought...if I were PutinSuppose, Russia went on a buying spree for Gold....and could partner or form a foreign bank owned by the governmentt of Russia......
So Putin starts buying...like the Chinese 25-50 tons a week or more.
Not contracts actual physical Gold. This would drive the U.S dollar down against the Ruble.
In fact I wouldn't be surprised if this was happening right now !!
Essentially, start buying massive large contracts during the Weekday 3:00 - 4:00 a.m. naked short selling of 30/60/90 day contracts
Load up say.......250 to 300 tons then ask for delivery...no matter what price for contract buy/sell.......... Demand Delivery.
This and this alone will crater the U.S. Dollar....and both the Remnimbi and Ruble will rise against this...and selling oil in Rubles will be come the order of the day. Chinese can always futher devaluse there dollar and keep the edge over Russia.
Why this will work....well the U.S. has no gold...and can't even repatriate to Germany and others in a timely manner.
Hello Mr. Putin ( my shirt size is large ) You can e-mail the thank you to me care of Stockhouse.
Thanks....enjoy the ride...she's a young friction driven market place...mmmm young ! MMMM friction.
GLTA