A Eurasian Alliance Led By Moscow Are Planning To Destroy London And New York’s Monopoly In Precious Metals Pricing

Zero Hedge/Bullion Star: Eurasian Alliance Plans A Moscow World Standard To Destroy LBMA's Monopoly In Precious Metals Pricing 

Towards the end of July, news emerged in the Russian media that Moscow and a number of its Eurasian allies are now reviewing a proposal to create an entirely new trading and pricing infrastructure for the international precious metals in order to both destroy London and New York’s monopoly over global precious metals pricing, and to stabilize the Russian gold market. 

This infrastructure would take the form of:  

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WNU Editor: Western sanctions is forcing Russia to develop alternative networks to sell its resources, precious metals included. Being a resource super power where much of the world needs Russian minerals to grow their economies, I am predicting Moscow will be successful in providing an entirely new trading and pricing infrastructure when it comes to precious metals. This new infrastructure will take time, but I would not be surprised to see it take shape next year, and the BRICS nations will be the first to use it.