Potentially though tangential since this relates to Rubel:USD. As dollar devalues this will drive up the price of gold in USD. Granted that PMs are non performing assets so rising rates will pull them down relatively speaking. Since interest rates < inflation rate, seems that assets will appreciate as measured in USD.
Potentially though tangential since this relates to Rubel:USD. As dollar devalues this will drive up the price of gold in USD. Granted that PMs are non performing assets so rising rates will pull them down relatively speaking. Since interest rates < inflation rate, seems that assets will appreciate as measured in USD.
If you can buy fewer goods with the same currency than it has reduced in value. Inflation is essentially just measuring the inversion of this.