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Sometimes political news headlines mash up with precious metals news in bizarre ways.
We also have some international bullion news coming out of Russia, along with some inflation news and India’s bullion transport.
Let’s dig in…

International
Russia Turns Up Gold Production as Pandemic Continues
Gold mining companies of Russia’s Far Eastern Kamchatka Peninsula produced more than 6.8 tons of the yellow metal last year, which is an almost eight percent increase year-on-year. According to Elena Kasyanyuk, deputy head of the subsoil use and mining department of the regional ministry of natural resources and ecology, the growth was due to the production performance of gold ore. She told TASS that the extraction of coal and minerals has also increased slightly.
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Economy
Real Assets on Fire—Inflation Concerns Sparked the Blaze
The VanEck Vectors® Real Asset Allocation ETF (“RAAX”) and real assets broadly both finished the year on a positive note. RAAX returned +0.44% versus +4.97% for the Bloomberg Commodity Index and +4.82 for the Blended Real Asset Index. However, the total return for RAAX with the yearend distribution included was +6.53%, outperforming both indices during the month.[1] The rally in real assets continued into December as investors continued to weigh the near-term risks of inflation. RAAX has been a huge beneficiary of this change in sentiment because of the ability of real assets to hedge against inflation. Regardless of where you stand on the “great inflation debate”, it seems unwise to ignore this risk and fail to position your portfolio accordingly.
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Commentary
WARNING: IMF Tells Governments to “Spend as Much as You Can” – Here’s What This Means (Hint: Hyperinflation)
In this video, Alasdair Macleod, head of research at GoldMoney.com, returns to Liberty and Finance to declare that we are on entering inescapable hyperinflation, and that there’s no escape for the US government but to ramp up destruction of the dollar and our wages, savings, and pensions, thus impoverishing almost everyone. What is discussed: - “Spend as much as you can,” IMF Head Urges Governments Worldwide.

- Biden’s $5.3T Deficit + Stimulus + Green New Deal

- Money Printing: Debasement: Impoverishes Everybody

- COVID Savings to be Spent, Igniting Inflation

- Foreigners Own $27T US Assets (140% of GDP)

- US Trade Deficit + Selling Off Assets
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International
How India Can Use E-Way Bill for Clean Bullion Transport
Amidst the Covid-19 pandemic and global political, financial uncertainty, gold has caught the investors’ fancy. The prices rallied giving gains to the investors. Arvind Sahay, Chairperson, India Gold Policy Center (IGPC) at IIM-Ahmedabad (IIM-A), shares insights on how gold can contribute to governments revenues. In an interview with BusinessLine, he speaks about what is needed when it comes to sourcing ‘Responsible Gold’ and fair trade practices. Excerpts:
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Price
Bad News First: Gold Price is Stuck. Good News: Plenty of Value Remains in Marketplace
2021 has seen a strong start for commodity markets; however, according to an analyst at BMO Capital Markets, there is one asset that is conspicuously absent from the uptrend, which might not be so bad. In the first month of 2021, the gold market has been trapped in a fairly narrow trading range bouncing off support around $1,800 an ounce, but unable to break through resistance at its 200-day moving average around $1,866.
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