PREVIEW HEADLINE: Russia's Gold Bet and Financing the Budget Deficit GUEST NAME: Michael Bernstam SUMMARY: John Batchelor speaks with Michael Bernstam about how sanctions benefit Russia through its "smart bet on gold." Russia holds significant gold reserv

Oct 08, 11:01 PM

Headliner
Share
Subscribe
PREVIEW HEADLINE: Russia's Gold Bet and Financing the Budget Deficit GUEST NAME: Michael BernstamSUMMARY: John Batchelor speaks with Michael Bernstam about how sanctions benefit Russia through its "smart bet on gold." Russia holds significant gold reserves and accesses African gold. Gold at $4,000 per ounce or higher will help close Russia's budget deficit, approaching 3.5%. The Finance Ministry will sell gold domestically to finance this deficit.

Share
Subscribe
Next
PREVIEW HEADLINE: Egypt's Populist Stance vs. National Interest and the Red Sea Crisis GUEST NAME: Hussain Abdel-Hussain SUMMARY: John Batchelor speaks with Hussain Abdel-Hussain about Egypt as a problem for itself, standing by while the war continued. Dr
Top episodes
#Ukraine: Russian military stumbles. George Friedman, Founder and Chairman of Geopolitical Futures. @George_Friedman @GPFutures. LA.
by The John Batchelor Show
#Ukraine: #ClassicGeorgeFriedman: Endings @George_Friedman @GPFutures (originally aired 12-13-21).
by The John Batchelor Show
#Ukraine: NATO reacts. George Friedman @George_Friedman @GPFutures @GeopolitcalFuturesi
by The John Batchelor Show