Bill’s Commentary:
“The Chess game of currency wars!”
First to Report: Russian Gold Breaks Away from London – A New Era Dawns
Russia’s new gold exchange severs London ties, challenging Western price control and signaling a seismic power shift in the global precious metals and financial order.
In a transformative move shaking the bedrock of the international precious metals market, Russia is preparing to launch its own gold trading platform, decisively severing ties with the London Stock Exchange and the London Bullion Market Association (LBMA). This bold initiative signals not only a dramatic assertion of financial sovereignty, but a direct challenge to three centuries of Western dominance over global gold pricing.
Bill’s Commentary:
“And, Epstein didn’t kill himself…”
The latest from Erik –
Bill’s Commentary:
“This is VERY significant!”
Russia Launches Gold Contract, Takes on LBMA Benchmark
Russia will begin trading physical gold on the St. Petersburg International Mercantile Exchange (SPIMEX) by year-end, in a strategic move to establish domestic price benchmarks
St. Petersburg, Russia – Russia, the world’s second-largest gold producer, will begin trading physical gold on the St. Petersburg International Mercantile Exchange (SPIMEX) by year-end, in a strategic move to establish domestic price benchmarks and reduce reliance on the London’s LBMA Bullion benchmark.
SPIMEX Managing Director Igor Chernyshev confirmed the government’s objective: “In the gold market, our goal is to ensure the formation of national price indicators that are independent of international benchmarks, based on the balance of supply and demand in the Russian market.”
BillHolter.com 
