Putin Just ’Pegged’ the Ruble to Gold

<p>The central bank in Russia just announced they will buy gold at a specified rate from its banks for the next three months. While this rate is under the current price of gold, it effectively pegs the ruble to gold and sets a floor underneath the gold price. The real fun starts if Russia decides to price oil in rubles or gold after this move. They could effectively force the world onto a new gold exchange standard.</p> <p> </p> <p>Join my private community on Locals <a href='https://heresyfinancial.locals.com'>https://heresyfinancial.locals.com</a> </p>