Dangerous Move from Russia
Russia According to the official statement of the Central Bank, it fixed the Russian ruble to gold as of 28 March 2022; accordingly, it costs 5,000 rubles per gram of gold bullion.
According to this calculation, an ounce of gold would amount to 140,000 rubles, and gold would cost $1,400 per ounce when the ruble was used instead of $1,928, which is the equivalent of dollars.
With another return, Russia has discounted the US dollar price worldwide by about 30 percent when it comes to gold with this decision. What Russia is doing is the financial equivalent of blowing up a nuclear bomb. To remind you, the last man in the world to try to support a currency with gold was Libyan leader Muammar Gaddafi.
NATO entered Libya, bombed it to death, until the Libyan people beat Gaddafi on the street and put a bullet in his head.
CONCLUSION: Europe, dependent on Russian gas and oil, will now either use gold to buy a ruble from Putin or have to pay with gold for oil and gas.
In addition, excess dollars overflowing from all foreign countries evacuating dollar reserves will begin to return home, triggering a much worse hyperinflation than already in the United States.
Source: https://www.cbr.ru/eng/
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