is because they cant sell gold internationally due to sanctions?
Gabriel Powell
ya, they effecitlvy pegged their rubble to the price of gold for several months meaning their money is actually backed by gold and with the prisoners dilemma on display no one is going to want to dump their gold to drive the ruble down
Blake Wilson
They're buying gold, not selling it.
Nathan Russell
i understand, but why would sellers sell under spot?
Blake Rodriguez
If they want rubles to buy Russian resources with, they have to.
Kevin Jackson
imagine having to buy uranium from russia to keep your nuclear plants running
Brandon Butler
Or oil, or gas, or wheat, or...
Josiah Sanders
or anything really europe is fucked
Connor Taylor
I have advised everyone I know to put their savings in gold. Only one guy listened.
Jason Miller
or from Kazachstan, which is also under Russian influence
Nathaniel Stewart
Here in /pmg/ or in real life?
Dominic Campbell
>I have advised everyone I know to put their savings in gold. Only one guy listened.
How does he feel about that?
Camden Jones
In real life.
He bought another 100g yesterday.
James Murphy
Some people are stupid, can't think for themselves and will not make it. Just leave them be as harsh as it sounds.