{"id":62351,"date":"2022-04-03T14:34:49","date_gmt":"2022-04-03T19:34:49","guid":{"rendered":"https:\/\/olduvai.ca\/?p=62351"},"modified":"2022-04-03T14:34:49","modified_gmt":"2022-04-03T19:34:49","slug":"russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=62351","title":{"rendered":"Russian Ruble relaunched linked to Gold and Commodities \u2013 RT.com Q and A"},"content":{"rendered":"

Russian Ruble relaunched linked to Gold and Commodities \u2013 RT.com Q and A<\/a><\/h3>\n
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With Russia\u2019s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities, the journalists at\u00a0RT.com<\/a>\u00a0in Moscow asked me to write a Q and A article on what these developments mean, and the ramifications of these changes on the Russian ruble, the US dollar, the gold price and the global system of currencies. This article has been published on the RT.com website\u00a0here<\/a>.<\/p>\n

Regular readers will recall that I have contributed to quite a few RT.com articles before, such as about Australian gold (see BullionStar\u00a0here)<\/a>, US Treasury gold (see BullionStar\u00a0here<\/a>), Poland\u2019s gold (see RT site\u00a0here<\/a>), China\u2019s gold (see RT\u2019s Spanish site\u00a0here<\/a>), why buy physical gold (see RT site\u00a0here<\/a>), and gold price manipulation (see RT site\u00a0here<\/a>).<\/p>\n

However, since RT.com is now blocked and censored in many Western locations such as the EU, UK, US and Canada, and since many readers may not be able to access the RT.com website (unless using a VPN), my Questions and Answers that are in the new RT.com article are now published here in their entirety.<\/p>\n

Who would have thought that citizens of \u2018free speech\u2019 Western countries would need a VPN to read a Russian news site?<\/p>\n

Why is setting a Fixed Price for Gold in Rubles significant?<\/strong><\/p>\n

By offering to buy gold from Russian banks at a fixed price of 5000 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.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Russian Ruble relaunched linked to Gold and Commodities \u2013 RT.com Q and A With Russia\u2019s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities, the journalists at\u00a0RT.com\u00a0in Moscow asked me to write a Q and A article on what these developments mean, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,5],"tags":[1067,23619,349,32809,588,21499,32810,693,694],"class_list":["post-62351","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","tag-bank-of-russia","tag-bullionstar","tag-gas","tag-gold-commodities","tag-oil","tag-ronan-manly","tag-rt-com","tag-ruble","tag-russia"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62351"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62351\/revisions"}],"predecessor-version":[{"id":62352,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62351\/revisions\/62352"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}