What are the implications of a gold backed ruble?

What are the implications of a gold backed ruble?

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Yurocucks wiww make this face

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sounds epic

bump, why do actual threads about world politics get no replies while race baiting shit hits the limit

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Nothing, Russia is unwilling to allow people to cash out rubles for gold and refuses to let gold leave the country. It's Fiat with the promise that gold is somewhere in the country, but you can never touch it even with appropriate amounts of currency to exchange.

I too would like to know some people's thoughts on this. Seems like it has massive implications

FRN goes poof

it's nyot really backed so t-to speak. it's wocked t-to t-t-the pwice of gold. 5000 wubwes pew gram.

yea i hear they are only buying it

does russia have enyough gold t-to do so!?

you say that, but the larger the gold reserve a country has the better value its currency gets
as long as they don't print more money than they buy in gold of course

investopedia.com/ask/answers/040715/what-countries-have-largest-gold-reserves.asp
they have a good bit

Nothing really.

What backs up an economy are prduction, self-sufficiency, strong tech and military sector, good relations with major partners who if posible are relient on your domestic products that are Tangable products.

Above all, the People, a nation is only as strong as it's people are.*****************

If it eventually reaches the point of actually being backed by gold, the appeal as an exchange/reserve currency would be obvious, considering they are also militarily well positioned.
But of course nobody expects this to happen without a huge war dragging in everybody invested into the current satanic infinite debt system.

so basically they can increase the value of their currency by buying gold?

It will cause the Rouble to stablize, thereby insulating it from economic factors as its value is no longer based on the economic output of Russia.

There is also a potential for already heavily sanctioned states to connect their currencies to the Rouble for greater stability. Out of fear of western reprisals this will most likely be exclusive to countries like Iran, North Korea, Belarus etc...
Such a move may work out for the Russians seeing as they have massive gold reserves. You will still see massive issues with corruption, access to capital markets, competitiveness, among other things within Russia

>->-
Wuble is nyot gold backed i-it is gold pegged. T-That said t-t-the goaw is pwobabwy a gold backed wubwe.

sounds like anyothew communist bloc type organyization but banks

Nyo wongew sowewy based on*