The Central Bank of Russia has officially announced that, as of March 28, 2022, the Russian Rubble currency is BOUND to Gold. The rate is 5,000 Rubbles per gram of gold bullion.
Russia just wiped out about 30% of the value of the US Dollar, worldwide, when it comes to Gold Bullion.
Worse, because Russia will only sell its oil and gas in Rubbles, now fixed at 5,000 Rubbles per gram, anyone wishing to buy Oil or Gas will need to either pay in Rubbles or pay in Gold, and they won’t get the US Dollar value for the gold they tender as payment!
People around the world will be literally THROWING their money at the Rubble and DUMPING Dollars and EUROS to do it.
What Russia just did is the financial equivalent of detonating a nuclear bomb.