https://therussophile.org/its-official-russia-central-bank-announces-ruble-bound-to-gold-5000-rubles-per-gram.html/


It's official! Russian Central Bank announces that the ruble is tied to gold! 5000 rubles per gram.

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.

https://therussophile.org/its-official-russia-central-bank-announces-ruble-bound-to-gold-5000-rubles-per-gram.html/

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It's Official! Russia Central bank Announces Ruble Bound to Gold! 5000 Rubles per Gram - Russia News Now
therussophile.org

This is what Gaddafi wanted to do that caused the evil usa and nato to kill him.


Now let see if evil usa will want nuclear war with Russia because of this.

Get ready dollar is about to be destroyed.

God bless putin..

God bless mother Russia

Smart guy...

H

Double wahala for dead body

NATO right now

Russia share of world economy is only 1.95% and only produce 12% of world oil less than United States.

Stop your fake analysis. Economy are backed by productivity not pronouncements



The problem for Russia is that if it is willing to exchange rubles for gold, it could soon end up in a similar situation to the US circa 1971. Wars are an abnormal state of affairs that come with huge uncertainty: no reliable forecasts are possible, and markets are liable to overreact to new developments – particularly in the short term.

If confidence in the rouble falls again, many investors might decide to withdraw gold from the central bank, which could be extremely destabilizing for Moscow.

The viability of Russia maintaining a fixed rate of rubles for gold is closely related to what happens to demand for Russian energy. If the west can only slowly substitute away from its dependence on Russia’s oil and gas, then demand for roubles will help to keep the currency propped up (especially if the west does end up paying in roubles).

But if politicians listen to economists and immediately stop importing Russian gas, oil and other commodities, the rouble could fall dramatically – along with the whole Russian economy. As much as this would cause a further spike in prices and pain all around, it may be the most efficient and perhaps even safest way to induce Russia to stop the war.

Way to go!

Lmao at people making a mountain out of this molehill.

All these measures means Russia economy is going through a lot.

My mentor...

Babalawoniger:
All these measures means Russia economy is going through a lot.

Because you don't know USA citizens are crying because of inflation.

Putin is always putting NATO where they belong.