Is This Really a First Pass?

People argue that this was the first step towards having a fully backed gold ancy. But again, this particular move by itself wouldn't do anything to strengthen the rouble. All it would do is if for some reason the gold price collapsed and fell below 500 dollars an ounce, then everybody would sell their gold to me until i ran out of dollars. T so that's maybe the way to think about that one. Ok. What about russia's insistence? You know, wath the sanctions that were imposed on them because of the invasion of ukraine? What about the new policy of russia saying, ok, well, we're going to insist that you pay us in rou