The Russians are taking a page from the Iranians by using gold to avoid the sanctions imposed on the Euro and USD. But before we look at how the Europeans are trying to disrupt their gold usage, we must understand why gold makes sense for Russia.
First off, Russia is a top producer of gold…it’s got stockpiles of the stuff. Smuggling it is also relatively easy, thanks to it being so value dense. But gold and Russia go hand in hand because they’ve got gold in almost every form: gold bullion, partially processed gold, and the important one to note – gold concessions.
The Europeans are desperate to interfere with Russian trade activity, and imposing sanctions on their gold concessions might be the only way. The problem with this plan is the Wagner Group is the one getting paid in concessions…and if you come for Wagner – you can bet they’ll be coming for you.
Here at Zeihan On Geopolitics we select a single charity to sponsor. We have two criteria:
First, we look across the world and use our skill sets to identify where the needs are most acute. Second, we look for an institution with preexisting networks for both materials gathering and aid distribution. That way we know every cent of our donation is not simply going directly to where help is needed most, but our donations serve as a force multiplier for a system already in existence. Then we give what we can.
Today, our chosen charity is a group called Medshare, which provides emergency medical services to communities in need, with a very heavy emphasis on locations facing acute crises. Medshare operates right in the thick of it. Until future notice, every cent we earn from every book we sell in every format through every retailer is going to Medshare’s Ukraine fund.
And then there’s you.
Our newsletters and videologues are not only free, they will always be free. We also will never share your contact information with anyone. All we ask is that if you find one of our releases in any way useful, that you make a donation to Medshare. Over one third of Ukraine’s pre-war population has either been forced from their homes, kidnapped and shipped to Russia, or is trying to survive in occupied lands. This is our way to help who we can. Please, join us.