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Tag: gold standard

#GotGoldorRubles? Russia Just Broke the Back of the West

#GotGoldorRubles? Russia Just Broke the Back of the West

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Tom Luongo Gold, Goats n’ Guns, 28 March, 2022 Tweet I don’t think everyone has yet caught the significance of Russia announcing they are putting a floor under the price of gold.  But, to be clear, Russia just broke the paper gold suppression scheme. On Friday the Bank of Russia announced: BREAKING NEWS: THE RUSSIAN CENTRAL BANK WILL RESTART BUYING GOLD FROM BANKS AND WILL PAY A FIXED PRICE OF 5,000 ROUBLES PER GRAM BETWEEN MARCH 28 AND JUNE 30 pic.twitter.com/Q1kTSfzAIm…

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Putin pegs the Russian rouble to gold

Putin pegs the Russian rouble to gold

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I don’t think this movement by Vladimir Putin can be dismissed. When Saddam Hussein and Col. Gadhaffi announced the introduction of a gold dinar they were marked for destruction. Times have changed. “Russia won’t engage in charity” “Russian President Vladimir Putin has made a public statement on video about what has taken place with binding the Ruble to Gold. In that statement, he points out that Western Nations have simply STOLEN Russia’s foreign currency reserves and Gold Bullion Reserves, and…

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