G-7 Nationalized Russian's Gold in The West?
Could get real nasty soon! But But gold is not money right? 😁
The US announcement to block gold transactions was done alongside the Group of Seven and European Union allies.
According to the US Treasury Department, “US persons are prohibited from engaging in any transaction – including gold-related transactions – involving the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation or the Ministry of Finance of the Russian Federation.”
The rule effectively bans individuals – including gold dealers, distributors, wholesalers, buyers and financial institutions – from buying, selling or facilitating gold-related transactions involving Russia and the various parties that have been sanctioned.