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The truth about Russian gold and the ruble

Commentaries & Views

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CPM Group sets the record straight on recent Russian gold price directives to its domestic mining and refining industries. Today's video starts with a brief history of CPM Group's Gold Yearbook, followed by discussion of gold at record high prices and CPM’s gold price outlook for the second half of 2022. The video concludes with an explanation of the Russian Government’s recent moves to restrict the price it will pay for gold from domestic producers and refineries, and how that does not represent a peg of the ruble to gold, except for those refineries.

Click here to watch the video.

CPM Group's 2022 Gold Market Update will take place on 6 April.

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Click Here to pre-order the 2022 Gold Yearbook.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.