While Russia has been providing support to the gold market with their response to the US sanctions, it appears that they’re now studying a more permanent plan to back the Ruble with gold and commodities.
It’s a pretty stunning development, that most in the west including the Fed and Wall Street have continued to ignore.
But unless Putin and Russia are kidding (which doesn’t seem to be likely to be the case), it’s a situation you’ll want to keep an eye on.
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