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Russia’s Plan to Force the World to Use Rubles

The Breakdown

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The Gold Bugs Are Trying to Draw This Line to the End of the Dollar

The central bank of russia has started buying gold from local banks, but has set a price of five thousand roubles, or 52 dollars per gram. This is a 23 % discount on the current market value of 68 dollars. The black market is quoting anywhere between a hundred and ten and a hundred and forty on dollar rouble transactions. Yet the headlines we're seeing are things like zero hedges, a paradime shift western media hasn't grasped yet. Russia has not yet backed the rouble with gold.

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