5,000 roubles ($52) per gram is the market value. That is what you can buy with it. Don't give me this: that is below market value of $68/g.
What they are trying to do there is convert Rubles into Dollars.
Change some words here and there, and this will (should) be our country's story soon. It is supposed to be!! Kill the fed, kill much of the IRS, too. All the deep state rage will not prevent the changes coming.
And this is where the story came from, that Russia has officially pegged the ruble to gold and set a value of 5000 rubles/gram. The latter part seems true, and a step toward a gold standard. Kitco.com is a good price source although opinions are always all over the place.
That automatically resets the value ratio between the rouble and the dollar. Nobody will pay $68 when they can convert to roubles and pay the equivalent of $52.
It also prevents the West from sleight of hand value manipulations of the rouble on international markets.
5,000 roubles ($52) per gram is the market value. That is what you can buy with it. Don't give me this: that is below market value of $68/g. What they are trying to do there is convert Rubles into Dollars.
It's not working.
People will now buy rubles in order to buy gold.
genius.
Now that last past I,understand.
How do you purchase rubles?
Change some words here and there, and this will (should) be our country's story soon. It is supposed to be!! Kill the fed, kill much of the IRS, too. All the deep state rage will not prevent the changes coming.
And this is where the story came from, that Russia has officially pegged the ruble to gold and set a value of 5000 rubles/gram. The latter part seems true, and a step toward a gold standard. Kitco.com is a good price source although opinions are always all over the place.
Isn’t there something in the Q posts about gold prices dropping sharply?
I still don't understand why a bank would sell gold at $52- per gram when the current price is $68- per gram.
That automatically resets the value ratio between the rouble and the dollar. Nobody will pay $68 when they can convert to roubles and pay the equivalent of $52.
It also prevents the West from sleight of hand value manipulations of the rouble on international markets.
TY. Now I get it.
Banks don’t sell gold. Banks sell paper.