
Ep. 240 Why Putin’s Moves Won’t Strengthen Ruble
Bob Murphy Show
00:00
The Russian Ruble Re Launch Linked to Gold and Commodities
The russian central bank announced that it was going to begin buying gold from Russian banks at a fixed price of five thousand roubles per gramme. The announcement, apparently, when they made that announcement, the rouble did strengthen. But what i want to point out is i think that reasoning does not establish that if you're holding roubles, oh, don't sell it to somebody else for less than five thousand Roubles per gramm. So one thing for sure, i don't think the us. Dollar is going to be the world's reserve currency 15 years from now. Ok, it might even be a lot shorter. I guess is heet disowned. Who knows?
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