No saying anyone would do this, since I think the dollars days are numbered, but an interesting mathematical exercise.
Of course, this number assumes no overheads in the transactions etc. so would be less, but still.
Start: $100,000
$1 = 83.59R
$100,000 = 8,359,000R
Fixed price for Gold in Rubles = 5000/g
8,359,000/5000 = 1,671.8g of Gold
Spot price for gold $62.52/g
1671.8g * $62.52 = $104,520.94
That's a 4.52% gain.
Wow.
Still can’t believe gold and silver are not skyrocketing. I guess with premiums silver is over 30 now.
It won't skyrocket until the banks lose their manipulative control over the paper price of metals. They've been busted a number of times over the years and paid billions in fines, but still do it. The same way the traders got busted for short-selling GME and AMC, they got busted for short-selling nickel on the London Exchange- so much so that the trading was halted for several weeks last month. Gold and silver will soon have their day which is why the banks are at this very moment moving massive amounts of the physical into their vaults in preparation.
Well, if we assume a fixed exchange rate between the dollar and ruble of 83.59, it values gold at $59.81/g if I got my maths right.
So, the question is, why isn't gold dropping to meet the dollar and devaluing the ruble? Could it be the ruble is now stronger than the dollar?