I am not sure what the difference is neither. If Russia is backing its currency with gold, announced earlier in the year, by implication they have returned to a gold standard, it should be the same across the board. A gold backed currency cannot be manipulated by speculators which is more or less all that exists of so-called investors in Wall Street these days.
I am not sure what the difference is neither. If Russia is backing its currency with gold, announced earlier in the year, by implication they have returned to a gold standard, it should be the same across the board. A gold backed currency cannot be manipulated by speculators which is more or less all that exists of so-called investors in Wall Street these days.