Same thing happened to me. I saw the massive dollar devaluation and bought the BRICs Brazil Russia India China and the Russian investment is frozen and -80%, it was only $1000 but still - could be a real winner when it comes back online - which will probably be never lol 😭
I think that ratio is the peg to gold like the way the Yuan is pegged to the US dollar
China’s belt and road project has been a smashing success, I thought it would fail, but they now have rail likes directly to Moscow , Berlin, Brussels, Rotterdam, and London. I think China has lots of Gold and will gladly buy Russian commodities and then ship them back to Europe via rail. They don’t need to worry about the Navies surrounding the East China Sea anymore. New Silk Road.
That was a great article
Notice the gold shading “Silk Road Economic Zone”
I studied the Chinese belt and road project and you’re absolutely correct. Just Bing “belt and road project map” China has rails from Beijing to London with as stops in Moscow , Minsk , Warsaw, Berlin, Rotterdam along the way
Just bing “capital controls belt and road project” normal Chinese investors were not allowed to invest in outside of China securities and forced to invest in the belt and road project. I think it paid off but Biden really made it a success