Russia returns to Gold standard
COMEDY GOLD
https://gettr.com/post/pxya2e29ae
The government will abolish the VAT (tax) on bullion. This Bill will go to the State Duma on March 4. Going forward - when purchasing gold bars or other precious metals from a bank, the 20% current tax on top of its value will not apply.
This is a way to ensure people can invest securely in something other than the dollar (usually people hold their cash in dollars as the ruble is volatile.)
- Counter sanctions commission. t.me/Whiplash347/94331
UPDATE: Links added
https://mobile.twitter.com/KingKong9888/status/1499010224744644609
The title makes it seem as if Russia moved to the gold standard when all they said they were going to do was remove the value-added tax (VAT) for gold purchase. If true, the Bill will go to the State Duma on March 4, March, 4, 2022.
Also, my OP listed Whiplash347 as a source and this person is apparently is a crypto shitcoin pusher, AKA Simon Parkes of the crypto world. If you look at the other twitter link above, you can see that someone on Twitter took the original info from the Russian speaking finance minister and added the title "Russia returns to Gold standard"
As seen on other replies on this thread, Russian would convert their ruble to US dollars as the dollar normally is more stable. With the removal of the VAT and the sanctions making almost impossible to convert to usd, the Russian citizens will convert to gold.
So yes, the title is comical but the idea of Russia moving toward a 'gold standard' & the collapse of the dollar is serious.
There has been whispers of Russia and China moving towards a gold standard to take down the dollar as the reserve currency, this has been going on for several years.
https://www.rt.com/business/498523-russia-china-gold-standard/