My Grandfather advised me never to make decisions out of emotions in the middle of a crisis. I still thank him to this day

Few years before G7 banned India from importing satellite and Pharma products. After the ban India emerged itself with high tech satellite and Pharma products. Now India is world centre for commercial satellite and Pharma R&D.

Imposed international sanctions should never be collectively complied with. A decision made by the G7 should only be followed by the G7 countries. It's a matter of "Them", not "The world". Besides, it's like they are the world

China must be getting delighted to hear such an announcement. 7Gs are working hard for the post-Covid industrial and economic boom of China.

G7 are no gods .. aren't they scared? One day all this will backfire . Karma is brutal .

Price of gold goes up. Russia sells LESS gold and still achieves same or more revenues from gold. G7 is good at throwing boomerangs!🤣🤣🤣

That's why it's a good idea to expand BRICS. Have your own gold exchange, swift alternative etc outside western countries. Then you always in control.

It’s probably time the whole world moved away from following rules by such organisations, after all it’s the whole world that has resources that the G7 needs to maintain its power. Unfortunately the whole world is run by self serving leaders

As an American, i really hope the west will not force us all into a world war for a third consecutive time….this notion in the US and Europe that our problems are EVERYONE’s top priority is exactly why our societies are failed. If only we expressed the same energy for the poor people throughout central and west africa or in places like Yemen or Syria….

The Russians will simply do the same thing they did with the gas: find other customers.

The second largest Russian export is agricultural products, then gold at three.

This is a real opportunity for the BRICS! India or China can set up their own Gold Exchange and Oil Tankers Insurance Scheme! Thank the G7 for this!

Biggest gold discovery in Uganda. $14 trillion dollars worth and Russia has the permission to mine. Excellent journalism as always.

The Brics should start a new Gold Exchange and shipping Insurance ? Why should the rest of the world allow London to continue to monopolize gold sales and insurance. BRICS+ can easily form a pool and start new exchanges in Asia, HK, Singapore, India, St Pete etc

If most of the gold is traded in United Kingdom this could undermine United Kingdom completely as it could shift to another jurisdiction. That could be a tremendous loss with the British. It's the same kind of shift that we're seeing with maritime insurance other countries are now becoming more active because of the sanctions and the British are losing billions of dollars in insurance Premiums

I believe it was among the G7 nations where someone first said, "He laughs best who laughs last". Now many years later, they seem so dumb to not even realize that that's exactly what's happening with them. It's like comedy watching them desperately trying to clutch on straws as the tide sweeps them downstream. 🤣🤣

Gay 7 will break their own teeth !!

Gold is money, it's not going to stop being traded because a G7 wont trade it.

The wisest thing that should be on everyones' mind currently, should be, To invest in different streams of income that doesn't depend on the government, especially with the current economic crisis around the world.

India is the worlds largest producer of jewelry so i imagine that this gold ban has them worried. Im sure that they will still purchase gold from russia but the ban is likely to raise prices world wide. Or maybe not, its pretty hard to tell where gold came from so its a rather liquid asset.

7 people deciding on the fate of 7billion people.

G-7 ban on Russian gold is insignificant. China and India are by far the largest consumers of gold. China can create its own commodities markets to buy and sell gold. Anything that the West can do China can do as well.

if russia would call off their attack on ukraine, these steps wouldn't need to be taken.... the g7 are trying their best not to go to war, so these are the tactics they need to enforce

This is what Mr Putin is opposing !A few former/present colonial nations decide what the entire world should or should not do !

New Opportunities for other countries to break the monopoly.

They are gonna blame Russia if the gold prices hikes like crazy 😂

On oil insurance: Many countries have enough wealth to start insuring tankers on their own, it is easy to get around price caps and sanctions. Unless the G7 declares they will not trade with anyone who violates sanctions, the sanctions are a paper tiger for most of the world. Russia will alter it's trading partners and focus more on trading with Asia, Africa, and South America. This may be a net benefit for Russia and China in the long term. China will have a stable flow of resources with a short supply route. Russia will be trading with a nation that does not care about human rights or political freedoms. If China executes 3 million Uyghurs, Russia won't care, they will keep trading. And if Russia nukes London or Kyiv, China won't care, they will keep trading.

Then if Russia ban your product it's a blackmail..

Russia is unique mineral rich country with very less population... India is the only country with highest population on the earth... these two are natural friends...If Russia gives a discount on gold purchase, Indian women can directly buy all the russian gold in flash sale and can become biggest importer...

Electronic equipments need gold as a part of their components...guess the price will go high...we are heading towards stone age soon as computers also contain gold... America needs to focus more on economic studies in their country..this is so unbelievable.

G7 can block whatever they want and it's not India responsibility to say what G7 should or shouldn't do.

" The Sheep spend Their whole Life fearing the WOLF, Only to be Eaten by the Shephered " ! Once You Understand this Statement the GAME Changes & You Start to Understand POLITICIANS & POLITICS "

India buys gold from Russia every year

Thank you WION! You are the only news channel I trust. The lady has guts to point out weaknesses among the West 'cabal' !!!

So, how do we correct G7 Monopoly? How did it get that control...control of p

With hundreds of millions of Indians in poverty, this hand-wringing of a rise in the price of gold for rich Indians seems to be very misplaced anxiety. Most in India are not concerned about the G7 banning Russian gold, only the top .1%. Strange hill to choose to die on, Ms. Sharma.

Putin went to the gold standard. So,,, the more gold he has, the stronger the Ruble is.

They are just making it clear that the world would be in a better place without the G7

Politicians turn their backs on gold ? Said no politician ever lol.

They are still dreaming colonial rule....but presently two gaints are blocking them financially and militarily..... Indians are just watching and enjoying.....Modi ji make India very strong.....so nobody comes to interference our neutral stand........

Do not unde estimate Purttin. He already have counter plan for this at this time. The comeout will be favorable to Russia in the end while Americans and Europeans suffer the price.

Correction : Food is Russia's second biggest export not gold

So sick of these sanctions on sanctions... creating price rise... 🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️

Why do we need to follow?

As an African, I was particularly touched at the height of Covid deaths when the west was holding on to vaccines while they had 2 to 3 choices of vaccines to choose from. While we at home would take anything but not offered anything. It was only towards the end of that period when vaccines started to roll out to us,while some nations were on there 2nd booster shot. Was a really sad time to be powerless.

Looks like G7 wants a full-scale catastrophic war.

Faith restored in Palki's reporting. 👍

I don't think people really realize about what's to come..

its time to stop this so called rich nation's.its the poor people around the world that suffer.there is already food shortage and a recession around corner.

This will not affect Russia. This would only create scarcity and push up prices, and Russia could sell to direct buyers or build up gold stocks. Win win for Russia while the west suffers by buying at high prices.

They can't impose the price cap on anything, they could restrict themselves from buying at certain price but can't force that globally, as for the gold it can be traded anywhere else from UK, UAE seems the place where it will be traded at

In the age of digitalization... setting up a Gold exchange by the BRICS ??

Seriously it's high time these countries look towards their economic status rather than dictating entire world . They are making prices rise for everything because of their personal issues.

7 criminals in power decide for the whole world.

Most of the Russian gold exports goes to the gold exchange in London where it’s ‘re-sold’ to Asian countries. Asia buys 50% of the worlds's gold. The G7 thinks denying Russia access to the London gold exchange will result in a big dent in its total export revenues. This is incorrect.

Today foolishness is seen as being wise, instead of helping to stop the war they’re rather escalating it.

These preacher like “do as i say not as i do” foreign policies of the west are a major reason why democracy, as its been applied, has failed. Its not the “system” its us who are the problem…its time we acknowledged this

The United States call it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on... Why the double standard? Confused... Please enlighten. Genuine question... Instances of the United States "liberated" or overthrowing, or attempting to overthrow, a foreign government since the Second World War. (* indicates successful ouster of a government) China 1949 to early 1960s Albania 1949-53 East Germany 1950s Iran 1953 * Guatemala 1954 * Costa Rica mid-1950s Syria 1956-7 Egypt 1957 Indonesia 1957-8 British Guiana 1953-64 * Iraq 1963 * North Vietnam 1945-73 Cambodia 1955-70 * Laos 1958 *, 1959 *, 1960 * Ecuador 1960-63 * Congo 1960 * France 1965 Brazil 1962-64 * Dominican Republic 1963 * Cuba 1959 to present Bolivia 1964 * Indonesia 1965 * Ghana 1966 * Chile 1964-73 * Greece 1967 * Costa Rica 1970-71 Bolivia 1971 * Australia 1973-75 * Angola 1975, 1980s Zaire 1975 Portugal 1974-76 * Jamaica 1976-80 * Seychelles 1979-81 Chad 1981-82 * Grenada 1983 * South Yemen 1982-84 Suriname 1982-84 Fiji 1987 * Libya 1980s Nicaragua 1981-90 * Panama 1989 * Bulgaria 1990 * Albania 1991 * Iraq 1991 Afghanistan 1980s * Somalia 1993 Yugoslavia 1999-2000 * Ecuador 2000 * Afghanistan 2001 * Venezuela 2002 * Iraq 2003 * Haiti 2004 * Somalia 2007 to present Honduras 2009 * Libya 2011 * Syria 2012 Ukraine 2014 * Pakistan 2022 *

Basic economic tells us for the given available supply, if demand is less, price will go down. Therefore, if G7 stop buying, price should go down, why up??

Looks like some other countries need to step up to break up monopoly.

I come here for news and Gravitas anchor gives it raw and undiluted Thank you wion for a job weldone and your wonderful analysis

Gold was banned on package of sanctions 6 😂😂 they sanctioned already sanctioned materials but not gas

Being Indian I can tell you Gold is a waste of time and money unless it's for electronics etc. People starve to death in India and here they purchase gold for cultural reasons.

How is THAT not a measure profiting banks?

Russia will not be affected by this either. And the more they try to make things difficult for Russia the stronger Russia is emerging out of it all, and every other western nation ends up paying for it, like the saying “dig a hole for others” 😅

I think the other countries that make up the balance 40% of the global market share should band together to fight these unreasonable measures imposed by the g7.otherwise the common person will be hit in the pocket.

This is called “ Might is right”. It is always the case in a way or another.

Well as we say in this part of the world " this life is not balance " means we are privileged above each other.

This will only impact a shift to supply localisation at refinery levels. So, procurement pattern will change and new supply routes will be drawn as a countermeasure. Business will run as usual as we could see from existing line of sanctions.

The G7 is pure crap

Well, there is a great opportunity for others to create tanker insurance companies. Nothing complicated there as it may seem.

G7 is the one whos doing this to the world not Russia

china and others have to develop a parallell swift payment system, a parallell tanker system and other vital systems monopolised by the west.

These G7 leaders looks like clowns.

Chinese Insurance: "Great doing business with ya"

It will actually make no changes at all because the Arab countries are buying more gold because they're off loading American dollars and there's a huge market for any kind of gold gold gold has no nationality. If anything it could create shortages of physical gold causing the prices to go up that only will help Russia.

G7 never learn

eventually every other country will bypass G7 madness , West is going down and will fall

Well if other countries are forced to look for different supply chain. it will be good. Why deend on G7 so much?

Why???? This hasn't worked yet, most would say backfired..... Why are you doing this to us G7???

"they get a place in the photo ops"🤣🤣🤣ever classic palki

The price of Gold sure to go up. Gold has value since ancient times and there will never be enough gold for the world's consumption as population grows, inflation grows, recession coming and the distrust of more and more people of Fiat monies, cryptos, bonds, debt instruments as a form of preserving wealth for the goods and services traded.

This is about time other nations do what's best for them and take the power back from the G-7.

GOLD WONT BE WORTH ANYTHING AFTER A WAR

My dad always said even if a monkey wears a golden ring it will still remain an ugly thing.

The world is ready to separate from G7

G7 acting like a Hitler It's not good for all nations

Biden could talk to my grandma if the price of gold rises

What about Russia using food as a weapon gold is important but not as important as food people can't eat gold

I thought sanctions had no effect, because the BRIKS can manage everything on their own, so why not gold? If you can buy discount oil from Russia, why not gold? It is after all a free world.

Ms Paliki Sharma , This is my research with in 5 to 7 years time this G7 will be no position to take any decision on international issues. We will discuss 2027 on this issue

Who is G7, as a global citizen I have my rights, not a G7 slave

so you mean without russia the whole world cannot survive this war has indeed revealed a lot

Can you imagine only a group of 7 people taking decisions on behalf of the entire Globe, let’s talk about this……

Today is the first day I have seen shelves empty so whose hurting not the rich but the lowly people

This segment of your news as been the most genuine and honest truth I have heard from any of your reports.

Colonialism never ended. It was just repCkaged

G7 talks about money making scheme,DEPOPULATION,GETTING RID OF CASH,CONTROLLING OTHER COUNTRIES ECONOMIES,PROTECTING THE US DOLLAR,,NEXT PANDEMIC ETC...

Huh? Gold prices have been trending downward since march. Overall, gold prices have been trending horizontally for the last year.

Direct and consistent and honest THANK YOU!