This guy is the FSB leak guy:
Igor Sushko @igorsushko
FINANCIAL NEWS: Russian government is broke and needs money asap. They have a huge stockpile of gold so they thought they'd be OK, at least for a while. However, no one is willing to buy Russian gold right now - they've been discounting it 20% and still barely if any buyers.
Also - apparently the Russian government will begin, if they haven't started, raiding safety deposit boxes belonging to regular bank customers. Probably looking for USD and EUR cash.
Good thread >
twitter.com/FlorianMKern/status/1499339625671938052
Florian M. Kern @FlorianMKern
First, the gold market is simply not very liquid. Never in history did the aggregated sales of all(!) central banks (CBs) exceed 400t in a year(!). And when that happened, gold market participants were already accusing CBs of “market manipulation”.
Russia has 2000t of gold. There is just absolutely no way Russia could sell more than 5-10% of its gold reserves within like a month. If Russia was starting to sell, prices would plummet, as there is simply very little market depth(important!) in the gold market.
Igor Sushko @igorsushko
I see lots of interest in getting Gold at 20% off in Twitterverse. One asked how. Let me explain:
You'd need to personally show up in Moscow with cash since bank transfers don't work. And there are no planes. All of your cash will be stolen at the border as you enter Russia. END
By the way, among several things that I disagree with #WindofHope in the #FSBletters this is a big one - he thought there'd be nothing left by June. I always thought it'd be just weeks as soon as sanctions got announced.
The two ex-FSB officers who confirmed authenticity (as much as they can) of the 1st letter also said they disagree with some of the forecasts that he makes. Don't have detail on what specifically.
Putin as recently as a few days ago: "Everything is going according to plan."
I've seen April 15th as the day Russia runs out of money cited from another source.
That again suggests that Russia has around two weeks before it REALLY starts hitting a major issue.
I do get a certain amount of Chemical Ali vibes starting to go on.