"It's Official! Russia Central bank Announces Ruble Bound to Gold! 5000 Rubles per Gram" - Link Below
(media.greatawakening.win)
Comments (43)
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I don't think the word "official" means what some people think it means. This is nothing but speculation. Nothing has been made official or else there would be an authoritative source.
"You keep using that word. I do not think it means what you think it means."🐸
https://www.youtube.com/watch?v=3EkBuKQEkio
Putin - "Ha-ha, you fool! You fell victim to one of the classic blunders, the most famous of which is “Never get involved in a land war in Asia,” but only slightly less well known is this: “Never go in against a Russian, when death is on the line!”"
Lol I totally read that in his voice😁& heard the laugh/death at the end👌
Me too!
Yes, artistic licence does apply!
As you wish❤
Up Kek for the Princess Bride reference!
For those of you uncultured sloths.... https://www.youtube.com/watch?v=dTRKCXC0JFg
Means cannot be defined as you think it must be defined.
It's a quote from Princess Bride😁
Padawan, the above line is a movie reference from the princess bride.
Inconceivable!
American patriot living in Russia here. I have not heard this claim anywhere other than the links RealCleanUpPhilly has posted in these comments. I don't think it has happened.
However, Russia has put a big tax on dollar purchases, and REMOVED a 20% tax on physical gold purchases. They're clearly trying to redirect people away from using USD as a stable place to keep money, and toward using gold. And they have been aggressively decoupling from the dollar for years. So the OP claim I think is incorrect, but I think the truth is in this general direction.
The only source worth listening to on this topic is the Russian government. Until they announce they’re pegging the rouble to gold then it’s all speculation.
I agree, and complained when The Authority posted about this on his TG channel. Then a few minutes later he bust out the sauce...here's the Russian central bank in English translation:
Information about the Bank of Russia's purchase of gold on the domestic market March 25, 2022 Press release
Starting from March 28, 2022, the Bank of Russia will buy gold from credit institutions at a fixed price in order to ensure a balance of supply and demand in the domestic precious metals market. The price from March 28 to June 30, 2022 inclusive will be 5,000 rubles per 1 gram. The established price level allows us to ensure a stable supply of gold and smooth functioning of the gold mining industry in the current year. After the specified period, the purchase price of gold can be adjusted based on the current balance of supply and demand in the domestic market.
When using the material, a link to the Press Service of the Bank of Russia is required.
http://www.cbr.ru/press/PR/?file=25032022_192430DKP25032022_182539.htm
Related, Russia has been a major gold stockpiler for the last ~20 years.
Well... if this is really happening, maybe I'm on the winners side for once, as I live in Brazil and all my cash is in local currency, wich is getting stronger by the day. But of course I'm not having all my eggs in one basket. I do have physical Gold and some real estate too.
Hal Turner? I will wait for a better source...
https://renaissancemen.org/2022/03/25/did-the-russians-just-back-the-ruble-to-gold-a-timeline-of-how-we-got-here-and-where-we-go-next/
This is pure speculation and gold pumping. No source here
He gives countries the choice of paying in Gold or Rubles. Most do not want to pay in gold, so there will be a run on Rubles. NOICE.
However, 'unfriendly countries' MUST pay in gold, So gold will go up as well.
"This can re-price gold to whatever Russia wants it to be... There is nothing the LBMA or COMEX can do when everything they have is being bought up in a day – meaning it forces prices up vertically IF they want to exist, at all. Shorts – like big Western banks, get religious experiences. As of THIS moment, they are re-thinking how short they are in gold and silver and contemplating an exit strategy next week"
Arbitrage trade. Buy gold with dollars. Trade gold for oil. Get cheap oil. Sell oil for dollars.
And gold will destroy FED
And that will be gold that has to be delivered - not some paper IOU.
It will destroy the paper market.
How can anyone argue the point that Putin isn't smarter than any democRAT or RINO ?
https://halturnerradioshow.com/index.php/en/news-page/world/it-s-official-russia-central-bank-announced-ruble-bond-to-gold-5000-rubles-per-gram
I imagine the cabal is putting the word out to their wetworkers, à la John Wick.
If my math is correct thats only about $1430an ounce.
Which means it will make the ruble worth about 33% more
Gold will crater I think..
No it happens because whole market is manipulated..
Funny.
Rest assured, you will see a major spike in Ruble to USD on the foreign exchanges before anything is officially announced. The biggest money players always knows these things before the general public.
Have not seen this on Zerohedge yet seems big enough to make finance blogs
Under the BRICS agreement all money in their bank will be backed by gold. That info ise already out there. Nobody took the BRICS seriously.
5000 per gram? 140k rubles per ounce? What's a ruble in u.s.?
1 u.s. dollar = 98.88 rubles... 140k/98.8 = 1415.00 u.s per ounce of gold 50 bucks a gram. My gold is worth approx 1940k per ounce 69 bucks a gram.
I don't have any gold but I do have Pepe in my heart
5000 rubles per gram? 155.000 per troy ounce / 100 (€/R) 1550. I should say, that is a bit too cavalier, and CCP China would not like it.
Golden Pepes are like gum….If you don’t have enough for everyone…