Rumors of Russia going to gold standard

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all that gold and what does it do with it? nothing. the US really needs to implode already

so around 13 billions

Or the price of gold goes up to meet the economy as it is, and the whole system crashes because of that

I don’t think you guys are getting the point…if Russia goes back to gold and revalued their fiat to gold, it would mean every other country would have to do the same. Reason being, they would start bleeding gold because traders would buy gold externally to sell into Russia. It would trigger a domino effect but Putin would have to hold out for at least a few years as the banks try to kill him.

There wont be nuclear war, but putin is prepared for it, its why hes capturing the nuclear powerplants.
Putin understands that american technology might be much more advanced than is publicly known, so he is prepared for the situation (which will happen) of his nuclear missiles being intercepted by american defense systems.
Putin is capturing the nuclear powerplant to use them as blackmail. That will be his truly nuclear threat. People dont realize how much more radioactive these powerplants are compared to nukes. Nukes are nothing compared to nuclear power plants. He will use all these power plants as insurance for his expansionist actions, and all the west will be able to do is seethe and cope

>Or the price of gold goes up to meet the economy as it is,
why would russia SELLING GOLD raise the price of gold are you retarded?

again, good. the Fiat system only serves one group of people and they aren't average citizens.

every seller has a buyer.

If they go to gold standard, Putin can backstop the ruble by melting down those presidential doors.

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Ayo gotta spend it on them gibsmedats

>its why hes capturing the nuclear powerplants
well to be fair he's trying to eat all of Ukraine so leaving the power plants untaken really doesn't make much sense, he's gonna want his hands on them either way

o think hes saying if you devalue the gold? though to do that you wouldnt have to sell Russia gold, you'd only need to flood the western market. but i dont think that would be sustainable, and in any case the ruble would still be more valuable than it is now.
not sure if having a gold backed currency necessarily makes the money redeemable for gold

Gold standard doesn't work when Russian Roubles are losing value all the time. Everybody would simply convert their RUB to gold and the government would be losing on every conversion.