It's official! Russian Central Bank announces that the ruble is tied to gold! 5000 rubles per gram.
it means you can now trade with gold depending the weight
This will see dollar depreciating
Because Russia has more commodity to export than US

The Central Bank of Russia has officially announced that the Russian ruble will be tied to gold as of March 28, 2022, The rate is 5,000 rubles per gram of gold ingots.
There are 28 grams in each ounce. 28 grams for 5,000 rubles per gram is 140,000 rubles.

Are you following me this far?

The conversion rate of rubles into US dollar is 100 rubles, 90 pounds, for each US dollar.

If the rubles are tied to gold at 5000 rubles per gram, and there are 28 grams per ounce, which means that an ounce of gold would cost 140,000 rubles, then the conversion into US dollars means that gold costs 1400 dollars per ounce when used the rubles, instead of 1,928 dollars by ounce using the dollars.

Russia just wiped out about 30 percent (30%) of the US dollar worldwide when it comes to gold ingots.

People all over the world are literally throwing their money on the ruble and throwing away dollars and euros to do it.
What Russia just did is the financial equivalent of detonating a nuclear bomb.

FYI, the last guy on this planet to try to support a currency with gold was Muammar Quadaffi of Libya.

NATO entered Libya, bombed it to death, until the Libyan people took Quadaffi on the street, beat him with blood and planted a bullet in their head.
As of now, 10:39 PM EDT, I suspect bankers around the world are on the phone between themselves and the heads of state, instructing them that what Russia has done will totally destroy both the US dollar and the euro, and those bankers of Frog to the heads of state that world war 3 must start immediately.

Let me explain why.

Today, the Central Bank of Russia anchored the ruble to gold.

Last week, Russia said it would sell only OIL and GAS in . . . . Ruble!

This means that Russian oil and gas are anchored in gold with rubles like gold proxy.

EFFECT: Europe (which needs Russian gas and oil) will now have to buy rubles from Putin using gold, or pay for oil and gas with gold itself.

Currently, the FOREX rate for Rubli to Dollari is around 100:1

BUT... with 5,000 Rubli now equivalent to a gram of Gold, and oil being priced directly into Gold, we will see a MASSIVE price disturbance in the FOREX markets, in terms of how much Gold a Dollar can still buy.

Foreign countries holding our dollar debt notes as a reserve will see an immediate and much less use for them and want to start downloading them in favor of something more stable; something that holds its value.

Basically, any currency anchored in gold will fit into the account. which means countries like that - like Japan - will start unloading their dollar debt as soon as possible - are not going to go down with the ship! They'll move to more stable values like... The Ruble.

This will have a DE-flationistic effect on the Rublo, making it more precious with time.
This also means that Putin can re-find the ruble whenever he wants, at 500, or 50, or 10. He just keeps getting more precious to him.

The immediate result is that all those foreign countries dumping their dollar reserves will make all those excess dollars start going home, triggering a worse hyper-inflation than we already have in the USA.

Smart move. Effect direct ruble conversions and solify the integrity of the ruble backing it using the value of gold. Brilliant macroeconomics. Doing this even reduces the conversion costs of the dollar making Russian gas and crude more affordable. This is masterclass


The core issue is Russia also needs many spare parts, components which are heavily dependent on importation. Its going to be a long ride but I don't see any side blinking soon.


When two power weights fight.

Evidence for this write up?

Investigative:
It's official! Russian Central Bank announces that the ruble is tied to gold! 5000 rubles per gram.
it means you can now trade with gold depending the weight
This will see dollar depreciating
Because Russia has more commodity to export than US

The Central Bank of Russia has officially announced that the Russian ruble will be tied to gold as of March 28, 2022, The rate is 5,000 rubles per gram of gold ingots.
There are 28 grams in each ounce. 28 grams for 5,000 rubles per gram is 140,000 rubles.

Are you following me this far?

The conversion rate of rubles into US dollar is 100 rubles, 90 pounds, for each US dollar.

If the rubles are tied to gold at 5000 rubles per gram, and there are 28 grams per ounce, which means that an ounce of gold would cost 140,000 rubles, then the conversion into US dollars means that gold costs 1400 dollars per ounce when used the rubles, instead of 1,928 dollars by ounce using the dollars.

Russia just wiped out about 30 percent (30%) of the US dollar worldwide when it comes to gold ingots.

People all over the world are literally throwing their money on the ruble and throwing away dollars and euros to do it.
What Russia just did is the financial equivalent of detonating a nuclear bomb.

FYI, the last guy on this planet to try to support a currency with gold was Muammar Quadaffi of Libya.

NATO entered Libya, bombed it to death, until the Libyan people took Quadaffi on the street, beat him with blood and planted a bullet in their head.
As of now, 10:39 PM EDT, I suspect bankers around the world are on the phone between themselves and the heads of state, instructing them that what Russia has done will totally destroy both the US dollar and the euro, and those bankers of Frog to the heads of state that world war 3 must start immediately.

Let me explain why.

Today, the Central Bank of Russia anchored the ruble to gold.

Last week, Russia said it would sell only OIL and GAS in . . . . Ruble!

This means that Russian oil and gas are anchored in gold with rubles like gold proxy.

EFFECT: Europe (which needs Russian gas and oil) will now have to buy rubles from Putin using gold, or pay for oil and gas with gold itself.

Currently, the FOREX rate for Rubli to Dollari is around 100:1

BUT... with 5,000 Rubli now equivalent to a gram of Gold, and oil being priced directly into Gold, we will see a MASSIVE price disturbance in the FOREX markets, in terms of how much Gold a Dollar can still buy.

Foreign countries holding our dollar debt notes as a reserve will see an immediate and much less use for them and want to start downloading them in favor of something more stable; something that holds its value.

Basically, any currency anchored in gold will fit into the account. which means countries like that - like Japan - will start unloading their dollar debt as soon as possible - are not going to go down with the ship! They'll move to more stable values like... The Ruble.



This will have a DE-flationistic effect on the Rublo, making it more precious with time.
This also means that Putin can re-find the ruble whenever he wants, at 500, or 50, or 10. He just keeps getting more precious to him.

The immediate result is that all those foreign countries dumping their dollar reserves will make all those excess dollars start going home, triggering a worse hyper-inflation than we already have in the USA.

You now understand why Putin will be assassinated

FERNANDEZISBACK:
Evidence for this write up?

Wallow a bit

Investigative:

Wallow a bit

Can you provide any?

FERNANDEZISBACK:
Evidence for this write up?

Google is your friend

Czario:


You now understand why Putin will be assassinated

Putin is not
sadam
Thomas sankara
Patrick lumumba
Gaddafi

MASTAkiLLAh:
Google is your friend

Did Google post this?

FERNANDEZISBACK:

Can you provide any?

Yes

Investigative:

Yes

Aah...

Investigative:

Putin is not
sadam
Thomas sankara
Patrick lumumba
Gaddafi

Ok

Only China can salvage the situation by joining on the western sanctions which would see Russia struggling to be self sufficient for sometime but if doesn’t happen the world is on a long run
I don’t want a nuclear war happening in my time cause the west’s are very desperate people, they like winning at all cost, but this is no Libya or Syria

FERNANDEZISBACK:

Aah...

US is preparing a sanction on putin dog and grandparents

Investigative:

US is preparing a sanction on putin dog and grandparents

Any source for that write up or you are doing what you are best at.. peddling fake news?

Have you ever heard of how to collapse a central bank before?
This is where the Russians will know the true nature of the Americans.
The central bank of Russia will collapse without being shot with a bullet.

Investigative:
It's official! Russian Central Bank announces that the ruble is tied to gold! 5000 rubles per gram.
it means you can now trade with gold depending the weight
This will see dollar depreciating
Because Russia has more commodity to export than US

The Central Bank of Russia has officially announced that the Russian ruble will be tied to gold as of March 28, 2022, The rate is 5,000 rubles per gram of gold ingots.
There are 28 grams in each ounce. 28 grams for 5,000 rubles per gram is 140,000 rubles.

Are you following me this far?

The conversion rate of rubles into US dollar is 100 rubles, 90 pounds, for each US dollar.

If the rubles are tied to gold at 5000 rubles per gram, and there are 28 grams per ounce, which means that an ounce of gold would cost 140,000 rubles, then the conversion into US dollars means that gold costs 1400 dollars per ounce when used the rubles, instead of 1,928 dollars by ounce using the dollars.

Russia just wiped out about 30 percent (30%) of the US dollar worldwide when it comes to gold ingots.

People all over the world are literally throwing their money on the ruble and throwing away dollars and euros to do it.
What Russia just did is the financial equivalent of detonating a nuclear bomb.

FYI, the last guy on this planet to try to support a currency with gold was Muammar Quadaffi of Libya.

NATO entered Libya, bombed it to death, until the Libyan people took Quadaffi on the street, beat him with blood and planted a bullet in their head.
As of now, 10:39 PM EDT, I suspect bankers around the world are on the phone between themselves and the heads of state, instructing them that what Russia has done will totally destroy both the US dollar and the euro, and those bankers of Frog to the heads of state that world war 3 must start immediately.

Let me explain why.

Today, the Central Bank of Russia anchored the ruble to gold.

Last week, Russia said it would sell only OIL and GAS in . . . . Ruble!

This means that Russian oil and gas are anchored in gold with rubles like gold proxy.

EFFECT: Europe (which needs Russian gas and oil) will now have to buy rubles from Putin using gold, or pay for oil and gas with gold itself.

Currently, the FOREX rate for Rubli to Dollari is around 100:1

BUT... with 5,000 Rubli now equivalent to a gram of Gold, and oil being priced directly into Gold, we will see a MASSIVE price disturbance in the FOREX markets, in terms of how much Gold a Dollar can still buy.

Foreign countries holding our dollar debt notes as a reserve will see an immediate and much less use for them and want to start downloading them in favor of something more stable; something that holds its value.

Basically, any currency anchored in gold will fit into the account. which means countries like that - like Japan - will start unloading their dollar debt as soon as possible - are not going to go down with the ship! They'll move to more stable values like... The Ruble.

This will have a DE-flationistic effect on the Rublo, making it more precious with time.
This also means that Putin can re-find the ruble whenever he wants, at 500, or 50, or 10. He just keeps getting more precious to him.

The immediate result is that all those foreign countries dumping their dollar reserves will make all those excess dollars start going home, triggering a worse hyper-inflation than we already have in the USA.

US has highest gold reserve in the world. International merchants would usually convert one currency to another because they trade with different countries.
Today, ruble is crashing in gold value. See below charts.

I am beginning to feel Pity for Putin

It is just dawning on him that the Russian Economy is bust

The pro putinnians are just rendelveling in Euphoria.
Has anyone ever heard of collapse in the price of Gold before?
Yes, it can happen.
The Russian economy is overdependent on Western technology.
This is where the real bait is hidden.

hahahaha

chai

Putin boys are funny

They should advise Buhari to link Naira to gold too

Delusion

FERNANDEZISBACK:
Evidence for this write up?

hahaha

This is a putin fan boys maturbation thread

Do not waste your time waiting for evidence

Natajo2021:
The pro putinnians are just rendelveling in Euphoria.
Has anyone ever heard of collapse in the price of Gold before?
Yes, it can happen.
The Russian economy is overdependent on Western technology.
This is where the real bait is hidden.

Because Russia sells raw materials not manufactured goods. West developed most of technologies being used by Russia.