On Wednesday March 23, 2022, the Bank of Russia announced a fixed price of 5’000 rubles per gram of gold. In a sense this decision pegs the Ruble to the price of gold. The formal explanation is to curb and stabilize the Russian currency in the present times of turmoil. It fits the “Grandmaster” scheme of Putin, who, in the future, demands to be paid in the Russian Ruble for commodities. Meaning, indirectly his decision could be the start of a reintroduction of a form of gold standard to the world of currencies. Clearly the opposite to the present “King of Currencies” – the US-dollar. A game plan/strategy the Russians obviously were following for years, since they and their allies (the Chinese) were buying a lot of physical gold (when gold was cheap). Currently the Russian Bank holds more than 2’300 physical tons, whereas the US reports to hold …
The New Russian Ruble – or how to Play Three Dimensional War Chess
On Wednesday March 23, 2022, the Bank of Russia announced a fixed price of 5’000 rubles per gram of gold. In a sense this decision pegs the Ruble to the price of gold. The formal explanation is to curb and stabilize the Russian currency in the present times of turmoil. It fits the “Grandmaster” scheme of Putin, who, in the future, demands to be paid in the Russian Ruble for commodities. Meaning, indirectly his decision could be the start of a reintroduction of a form of gold standard to the world of currencies. Clearly the opposite to the present “King of Currencies” – the US-dollar. A game plan/strategy the Russians obviously were following for years, since they and their allies (the Chinese) were buying a lot of physical gold (when gold was cheap). Currently the Russian Bank holds more than 2’300 physical tons, whereas the US reports to hold …