So Russia just pegged the Ruble to the price of gold?

So Russia just pegged the Ruble to the price of gold?
Demanding Europe buy all their gas in Ruble
The petro dollar is fucked right? China buying Russian oil at 5x the normal rate.
What does this mean for the price of silver?
I just hit 100oz bros

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user....


Who wants to tell him guys

It has been declining lately, at least spot price has.
Which sucks because I have a lot of money in PSLV

JWSMarket? You're an obnoxious cunt.

Weird, it seems like the price of US minted silver dollars has been steadily increasing. The shit I bought at 45 is now 55

>The petro dollar is fucked right?
what's going to replace it?
the short answer is no, it's not going anywhere for quite awhile

If Russia demands Europe buy gas in ruble, then that's a failure to meet contractual obligations and would be similar to defaulting. It took Russia almost a century to recover from the last default.

The physical price is much higher than spot now, especially minted coins. I have a bunch of bullion and other physical, but I had to park some money somewhere but keep it liquid.
When the DOW goes down, spot price for silver goes up.
When the DOW goes up, spot declines proportionally.

Contract my balls nigga if you need gas bad enough you’re gonna buy that shit in ruble
Or just let your people starve

The only people that are starving is Russians, since they import token of food. Or did import.

youtube.com/watch?v=CpCILdCUM7k&list=LL&index=1&t=5s
Russia is fucked.

A multinational alliance trading in alternative currencies in order to dismantle the American imperialist hegemony. This type of shit is why America was isolationist for so long, instead of promoting going to war over ideology. Joe Biden really, really, really, really, really, really, REALLY fucked up.

Do you own a car faggot?
Have you not seen the gas prices?
Trust me this is not a one sided affair. We are going to be having food shortages. Someone’s going to cuck soon.

Tell that to Joe “it’s gonna get real” food shortage Biden

>what's going to replace it?
The use of currencies that are not at risk from being randomly stolen by mutt politicians.

Ah yes! The digital blockchain! Isn’t that so convenient!!!!! Perfect solution out of thin air!!!!!

Modern agriculture is cool, it produces a lot of food with very little soil and manpower, but it requires fertilizer... guess who just ensured the US will not get enough fertilizer?

Nah, no one is moving to meme coins, but take the example of my company, we have moved to holding and trading in Yuan rather than dollar.

I told you they had hidden silver mines under Antarctica, retard.

>freeze Russian assets
>block Russia from SWIFT
>no we totally held up our side of the agreement, we'll only pay you after we've unfrozen your accounts :^)

>meme coins
Oh user.... where have you been....
it’s called a CBDC. You could call it FedCoin if you wish. It’s basically like chinas digital Yuan. Say something bad about your government? WHOOPSIE YOU CANT FLY ON A PLANE ANYMORE HAHAHAHAHA FUCK YOU FAGGOT MAYBE DONT QUESTION XI NEXT TIME NOW EAT THE BUGS BITCH

Dogecoin.

I don't know in what fantasy world you have been living, but it has been Canada, the US and EU who randomly stole people's assets due to political retardation.

I'd rather trust China, Russia, India or some minor countries and the imaginary possibility of the doing something, than you mutts and the very real precedent of stolen people's shit.

I haven't owned a car in 5 years. Cars are for sheep.

If you had brought up anybody's currency but china I would say you are correct.
China is no more trustworthy than the USA(and for that matter Russia may not be either) because in a communist nation your wealth could always be expropriated. The lesson nations(and individuals) should take away is that your wealth isn't safe unless it is stored as physical assets that are fungible and can be defended by yourself or nation.
That's gold, commodities, equipment, and operations(farms,mines, military plants, raw materials manufacturing, etc)

le silvernigger!

>What does this mean for the price of silver?
nothing, it will remain same as always throughout history - same value.

price in USD might change, but nothing close to the 25000% that the Bitcoin chads see.

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