Russia sets fixed gold price as it restarts official bullion purchases
Russia's central bank resumed its gold purchases from local banks on Monday, but it set a fixed price on the precious metal.
Oh ya 2 year ago
But now that the ruble has gone up the Russians are actually getting 7.8% more than world price. Thus the sanctions the US put pn Russia just killed the would reserve currency the USD as Russia has a gold and commodity backed currency unlike the US that backs it with a promise from a country 31 trillion in debt and has to borrow money from poorer countries just to pay the interest on the debt. Biden checkers, Putin chess