That is true, still they bought tonnes of actual gold.
Western nations have been selling gold like there was no tomorrow while banks were selling and buying paper gold as if it were cakes keeping the prices low.
At some point someone is going to demand their gold and there won't be any gold
I think this is already the case as you have to wait months to get your order of the metal.
Ruble is not backed by gold.
Stop your bullshit lying.
This lie was circulating Reddit as well. Where the fuck is it coming from?
Russia Just Told Us The Ruble is Implicitly Backed by Gold and Bitcoin
Is this Russian disinformation, propaganda or misinformation?
ZeroHedge is full of shit. Even Russian citizens are saying is a completely made up title.
At no point did Russia offer to give away gold for rubles. They are not SELLing any gold.
To be backed by gold, means you can trade shit paper money for gold at the bank.
Russia and China have been buying gold for years now? it's not that they are now backed by gold but they do have the gold
Yes. But their shit paper currency is NOT "backed by gold". You can't go to a bank and trade your rubles for gold.
That is true, still they bought tonnes of actual gold. Western nations have been selling gold like there was no tomorrow while banks were selling and buying paper gold as if it were cakes keeping the prices low.
At some point someone is going to demand their gold and there won't be any gold I think this is already the case as you have to wait months to get your order of the metal.