Got Gold? Linking the currency to gold and energy is a paradigm shift for the global economy, a precious metals analyst tells RT
I've chewed on this and it seems like this could be a propaganda to help finish off the fiat currencies of the world. There is need to collapse the system to stop what has been allowed to go on for so long. It is similar to folks speaking to this Quantum Financial System (QRFS) or even loading up on gold now. These solutions work sure, and there is discussion that this will be a world wide thing. In our western society it will just be another system that eventually corrupts. People who have lots of money today, can buy lots of gold tomorrow. It does not solve the debt problem, or the horrible mismanagement of economies.
Let's also not forget that -every- country did some form or the other of mandates and coercion to get vaccinated. Suddenly we are to trust these people to handle a new money system after what they did with the last one?
Not saying it's not going to happen, just does not solve the problems we face as a society.
last year i had some savings and i thought about gold, doh!
Do not comply, indeed!
I hope every thinking person has already made their food, water and other supplies purchases because the path to a new monetary system is never smooth. Good luck to you all in the coming shenanigans while they switch over the financial system.
Yes gold and oil backed currencies and other natural resources backed currencies in other countries without oil. This is transformative for the developing nations, many have resources but weak currencies under the PetroDollar system...
I've been buying gold and silver coins. It's frightening to think your dollars could end up as worthless as toilet tissue. In the big picture, this is all part of the Great Reset/New World Order agenda of depopulation via the clot shots and financial collapse. Some claim Putin is fighting the NWO and some claim he's abetting it. I have no idea who's right but I hope it's the former.
"By offering to buy gold from Russian banks at a fixed price of 5,000 rubles per gram, the Bank of Russia has both linked the ruble to gold and, since gold trades in US dollars, set a floor price for the ruble in terms of the US dollar."
Wrong! Ronan, by screwing this up, inverts his arguments through the rest of the piece.
The offer is only to BUY gold with rubles. This puts a max price on the ruble (denominated in gold) or if you prefer a minimum price on gold (denominated in rubles). A one sided bookend does not a peg make. ergo...if the price of rubles falls or the price of gold increases so that no one will offer a gram of gold for 5,000 rubles, then no trades occur...how would this then put a floor on the ruble? It doesn't!
What they are really doing is offering European buyers an alternate method to purchase Russian commodities in rubles; if they can't access rubles, they can instead send physical gold to make payment at a rate of 5,000 rubles per gram. .