Today

7 months ago

Donald and Melanija Trump The other day Melanija Trump and her husband Donald visited a lunch in honor of Thanksgiving Day in Maher - Lago. The first lady of the USA looked incredibly in a black lacy...

7 months ago

In Krasnoyarsk will open a skating rink with color ice. Its total area will be about 17.5 thousand sq.m. It will be possible to go ice skating in the pleasure daily from 11 to 23 o'clock. Besides, it...

7 months ago

The Russian Foreign Minister Sergey Lavrov holds a meeting with the Portuguese colleague to Augusht Santushem Silvoy in Lisbon. The meeting takes place in the closed format. The correspondent of TASS...

7 months ago

Relatives of 55 residents of the Netherlands which died as a result of the crash of the liner of "Malaysian airlines" in the east of the Ukrainian state within last year submitted to the European Cou...

7 months ago

Two VS ships of Russia are found on November 24 in sea border of Latvia. Such statement was made by the National Armed Forces (NAF) of the country on the Twitter. LV ekskl. ekonom. zona 11 j.j. no ter...

Date: 10 months ago   Category: Russia

"It is better, than nothing". The economist called gold an alternative to dictatorship of dollar


Russia seeks to avoid dictatorship of dollar, an alternative to currency gold can become possible. Writes the Die Welt edition about it. The author of article claims that Moscow plans to refuse bonds of the USA and to buy gold. Similar messages extend also in other German media. The Russian Federation looks for reserve options as it doesn't count on normalization of the relations with the West in the near future, foreign journalists write. The Kremlin takes measures of protection from the next sanctions which can limit international trade in dollars. Germany assumes that the Russian government has relied on gold. The scientist-economist has told the ex-deputy of the State Duma of the Russian Federation about whether gold an alternative to the American dollar in an interview to Federal news agency can become, Pavel Medvedev. He called such step the choice smaller of the evils. To continue to use dollar against the background of threat of sudden deprivation of the main instrument of international payments would be the precipitate decision. Washington can apply the next economic blow against Russia, the expert therefore gold in as reserve "currency" for fight against the American sanctions is an exit considers. Nevertheless, precious metal isn't an effective asset, it is rather compulsory measure. Medvedev has explained that as cash gold absolutely inconvenient "currency" as nobody will agree to conduct calculations in gold. The expert has explained it on a household example: "There are certain things which need to be bought — for example, coffee should be bought — well who will sell it for gold?" It is difficult to do business by means of gold, he considers. Problems arise even at a stage of calculations. For a start gold needs to be exchanged for dollars, only after that it is possible to make a purchase, having paid necessary goods with habitual currency. At the same time it is unprofitable to sell gold, its price only seems high. However in scales of the state one ounce of precious metal depreciates and turns into kopeks. For effective international trade and favorable interstate calculations of Russia it will be required gold tons. But even it won't facilitate process as these tons it will be required to transport, look for constantly the buyer who will be interested in purchase of huge consignments of metal. All this, certainly, will affect the price, as a result the cost of each realized ounce will fall. Thus, the goods will yield losses before gets on the market. The economist doesn't consider this way of a solution ideal, nevertheless, it really is an alternative to dictatorship of dollar. "It is awfully annoying — you don't manage to take to the market and you already sustain huge losses. Therefore it is not a really good way, but, certainly, it is better than nothing" — the scientist has concluded.
of fapnews Lidiya Martynova Yesterday, 13:43 0

URL:

Photos of day