11 Could Russia save the falling Ruble by backing it with Gold? Article from 2014 but the question remains. (www.cnbc.com) posted 2 years ago by QutlawJoseyWales 2 years ago by QutlawJoseyWales +11 / -0 7 comments share 7 comments share save hide report block hide replies
Yes, they can, as they have been buying tons of bullion for the last several years. to add to their large pile they already had.
While selling off most of their US treasury bonds.
Yes true, divesting in the Dollar by selling off the US treasury Bonds helped buy a Lot of that gold. China has slowly been doing the same thing.
I suppose Russia can’t quite so easily get the Qaddafi treatment for trying to get back to Gold
Yes they can. They can back it with real gold, and/or Bitcoin… maybe both?
Rubles are pretty cheap right about now.
Well DUUUUUUHHHHHHHHH
OF COURSE THEY CAN!