Chat with us, powered by LiveChat

Why Ukraine Sold $12 Billion In Gold Reserves

Derek Wolfe

Updated: July 21, 2022

canada gold
Editor’s Note:

EDITOR'S NOTE: Here’s a strange set of events that slipped through the net of mainstream media obsession. When Russia invaded Crimea in 2014, a good chunk of Ukrainian gold reserves was shipped to the US. When Russia invaded Ukraine this past year, around $12 billion more of its reserves got handed over to western powers again. What’s going on? Are we seeing an exchange of military aid for gold? The author suspects that it may be a bit more sinister than a simple exchange; that somehow it smacks of monetary manipulation on a much grander scale. A plausible theory or a paranoid hypothesis? Read it and decide for yourself. As devious as it sounds, it’s hard to argue that it isn’t in the government’s interest to do what the author suspects it is doing.

Dear Friend of GATA and Gold:

Eight years ago as Russia seized Crimea from Ukraine, Ukraine's gold appeared to have been hastily shipped to the United States. Nobody in authority would deny it:

https://gata.org/node/14744

Today the Ukrainian central bank acknowledged that $12 billion of its gold reserves recently was sold under pressure of the war with Russia that began this year:

https://www.gata.org/node/22063

Since Russia began its attack on Ukraine's non-Crimean territory in February, the United States and its allies have appropriated tens of billions of dollars in military and humanitarian aid to Ukraine. So why would Ukraine need to sell its gold reserves unless doing so was a condition of all that U.S. and European assistance, especially since the United States already had taken custody of the Ukrainian gold?

Stripping the wounded of their valuables in wartime always suggests greed or desperation -- like desperation to keep the gold price down to support the U.S. dollar and other Western currencies..

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

Originally published on Gold Seek.

No Investment Advice

GSI Exchange is a publisher and precious metals retailer. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Content on the Site is provided for information purposes only, and none of the information contained on the Site constitutes an offer, solicitation or recommendation to buy or sell a security. You understand that the GSI Exchange receives neither monetary or securities compensation for our services. GSI stands to benefit from the sell of retail cost precious metals on this site. To avoid hidden costs all prices are listed live 24/7 on this site. Read the full disclaimer

2022 Info Kit

GET YOUR FREE

GOLD SILVER INFO KIT

Precious Metals and Currency Data Powered by nFusion Solutions