MOSCOW, Oct 24 (Reuters) - Russia is in talks with other BRICS members about creating an international precious metals exchange to ensure fair pricing and trade growth, the country's Finance Minister Anton Siluanov said in a statement on Thursday.
Russia proposes to put the Comex and LME out of the market- rigging business
Yeah I’m not sold at all on the idea of BRICS because they would have to agree. There are so many conflicts of interest and Russia isn’t in a strong place given the war and population loss.
The big takeaway here is that COMEX and LME will be taken out of the market fixing racket. We might be getting true prices uninfluenced by paper rigging and shenanigans.