beauty
Gold-backed ruble could be a game-changer
Linking the currency to gold and energy is a paradigm shift for the global economy, a precious metals analyst [Ronan Manly of Bullionstar] tells RT
2 Apr, 2022
TL;DR -
The Bank of Russia’s move to link the ruble to gold and link commodity payments to the ruble is a paradigm shift that the Western media has not really yet grasped. As the dominos fall, these events could reverberate in different ways. Increased demand for physical gold. Blowups in the paper gold markets. A revalued gold price. A shift away from the US dollar. Increased bilateral trade in commodities among non-Western counties in currencies other than the US dollar.
https://www.rt.com/business/553099-gold-backed-ruble-gamechanger-west/