For those tracking precious metals, keep a close eye on the Russian Ruble rate in $USD over the next few days/weeks. Keep in mind that Putin has pegged the ruble exchange rate at 5000 rubles per gram of gold for the next couple of months.
There are 31.1034768 grams in one troy ounce. As such, the exchange rate for a one troy ounce of gold garnering you 155,517 Rubles.
After peaking at 145 Rubles to $1 dollar (145:1) a few weeks ago at the start of the conflict, it's now approaching where its stable range was prior at about around 72-77:1 range. The ratio went as low as 74:1 last night, creating a brief arbitrage opportunity for savvy traders to sell gold in rubles amounting to $2101 USD/oz versus the present CRIMEX spot price in the neighborhood of $1950/oz.
Today the ruble:$USD ratio has been fluctuating wildly in the 77-83 range. With Putin's most recent threat to cut off the gas to Europe tomorrow, I would imagine we can expect some more wild fluctuations as the international banksters fight to keep the ratio around 80:1, while sovereign western European nations scramble to get their hands on more Rubles.
Here's where banksters need to hold the ruble at to maintain the illusory CRIMEX spot price, somewhere in the 79-80:1 range.
155,517/83 = $1873.70
155,517/80 = $1943.97
155,517/79 = $1968.57
155,517/74 = $2101.58
Assuming the spot price of gold maintains the $1950 range, any slippage in the ratio below 79:1 will cause another arbitrage opportunity for international traders selling gold into Russia for rubles, than trading their highly in-demand rubles for Euros or $USD. Last night there was nearly a $150/oz profit margin at 74:1.
For those interested, most of the online currency converters are static, not reflecting the wildly fluctuating rates right now. Here's a good currency conversion tracker that provides up-to-the-minute values if you click the "1M" chart view -> https://tradingeconomics.com/russia/currency
If the CRIMEX, CME, LBMA, etc. continue their shenanigans with MASSIVE SUPPRESSION of the precious metals prices in order to maintain the fiat $USD value deception, then gold is going to start flowing to Russia in never before seen amounts. And if they don't, then the spot gold price is going to start rising like never before. This could get interesting!
Could this be how "Gold destroys the Fed"? Inquiring minds wanna know.
Sure thing. Here's a good place to learn a lot about silver (the only sub left on Reddit worthwhile): https://www.reddit.com/r/Wallstreetsilver/
Silver has been suppressed since 1874, as "the people's money". Historically, the silver:gold ratio was always around 10:1 (8:1 to 12:1 range) all around the world. Prior to the Fed, it was around 20:1. In 1933, it was around 25:1. In modern times (last 100 years or so), the best we've seen is about 35:1. Today it is around 80:1. Basically, the banksters decided it was easier for them to stack and store gold, at silver's expense.
Considering gold is also MASSIVELY suppressed, you can only imagine what the real prices of precious metals might be. But suffice it to say, in an unsuppressed market with open price discovery, at a bare minimum, silver should be around $200/oz, assuming gold at $2000/oz, which puts us at the 10:1 ratio.
It's also worth noting that in like 27 different languages, the word "Silver" and "Money" were one and the same, e.g. Spanish -> "Plata". Like all of our language, they've subverted the meaning of "Money" over these past 150 years. Case in point, Americans think "Federal Reserve Debt Notes -> 'Dollars'" are "Money", which they are not, as one of the six attributes of "Money" is that it is a "Store of Value". Which clearly FedBux are not, as "inflation" (aka "theft) deteriorates the value of FedBux, now more than ever. Obviously this demonstrates the modern-day ignorance of humanity, thinking paper FedBux are actually "money".
Most people I follow think gold should really be closer to $100,000/oz, in relation to the fake fiat toilet paper that's been printed up around the world. That would put silver at $10,000/oz if a return to sanity every took place.
Needless to say, when the dam finally breaks, it's safe to say that silver will fall somewhere between $200/oz and $10,000/oz in relative terms. My own hunch is, once fiat finally crashes and we no longer price things in terms of FedBux, you'll be able to buy an attractive acre of land for 1oz of silver.
Net-Net - $25/oz spot price (with premiums, $30-$35/oz) is a steal any way you look at it. Stack and hold fellow patriot. Stack and hold!