TN

PROFOUND ! "Russian Ruble relaunched linked to Gold and Commodities" by the famous Ronan Manly -- (NOTE the censorship by the MultiPolar New World Order of The Great Reset))

Recommended Posts

(edited)

Ronan Manly is well known as a deep dive precious metals analyst, especially with the international exchanges and banks. 

EXCERPTS  Why is setting a Fixed Price for Gold in Rubles significant?   By offering to buy gold from Russian banks at a fixed price of 5000 rubles per gram, the Bank of Russia has both linked the ruble to gold and, since gold trades in US dollars, set a floor price for the ruble in terms of the US dollar.

We can see this linkage in action since Friday 25 March when the Bank of Russia made the fixed price announcement. The ruble was trading at around 100 to the US dollar at that time, but has since strengthened and is nearing 80 to the US dollar. Why? Because gold has been trading on international markets at about US$ 62 per gram which is equivalent to (5000 / 62) = about 80.5, and markets and arbitrage traders have now taken note, driving the RUB / USD exchange rate higher.

 

So the ruble now has a floor to the US dollars, in terms of gold. But gold also has a floor, so to speak, because 5000 rubles per gram is 155,500 rubles per troy ounce of gold, and with a RUB / USD floor of about 80, that’s a gold price of around $1940. And if the Western paper gold markets of LBMA / COMEX try to drive the US dollar gold price lower, they will have to try to weaken the ruble as well or else the paper manipulations will be out in the open…

Oil and Gas …We are seeing right now that Putin is demanding that foreign buyers (importers of Russian gas) must pay for this natural gas using rubles. This immediately links the price of natural gas to rubles and (because of the fixed link to gold) to the gold price. So Russian natural gas is now linked via the ruble to gold.

https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/

https://www.zerohedge.com/commodities/paradigm-shift-western-media-hasnt-grasped-yet-russian-ruble-relaunched-linked-gold-and

"A Paradigm Shift Western Media Hasn't Grasped Yet" - Russian Ruble Relaunched, Linked To Gold & Commodities

Tyler Durden's Photo
by Tyler Durden
Saturday, Apr 02, 2022 - 09:30 PM

By Ronan Manly of Bullionstar.com

With Russia’s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities, journalists in Moscow asked me to write a Q and A article on what these developments mean, and the ramifications of these changes on the Russian ruble, the US dollar, the gold price and the global system of currencies. This article has been published on the RT.com website here

 

Russian Ruble relaunched linked to Gold and Commodities – RT.com Q and A

https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/

With Russia’s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities, the journalists at in Moscow asked me to write a Q and A article on what these developments mean, and the ramifications of these changes on the Russian ruble, the US dollar, the gold price and the global system of currencies. This article has been published on the RT.com website. 

Regular readers will recall that I have contributed to quite a few RT.com articles before, such as about Australian gold (see BullionStar

, US Treasury gold (see BullionStar ), Poland’s gold (see RT site ), China’s gold (see RT’s Spanish site ), why buy physical gold (see RT site ), and gold price manipulation (see RT site

).   <----These LINKS are shown at Ronan's article.

However, since RT.com is now blocked and censored in many Western locations such as the EU, UK, US and Canada, and since many readers may not be able to access the RT.com website (unless using a VPN), my Questions and Answers that are in the new RT.com article are now published here in their entirety.

Who would have thought that citizens of ‘free speech’ Western countries would need a VPN to read a Russian news site?

Why is setting a Fixed Price for Gold in Rubles significant?

By offering to buy gold from Russian banks at a fixed price of 5000 rubles per gram, the Bank of Russia has both linked the ruble to gold and, since gold trades in US dollars, set a floor price for the ruble in terms of the US dollar.

We can see this linkage in action since Friday 25 March when the Bank of Russia made the fixed price announcement. The ruble was trading at around 100 to the US dollar at that time, but has since strengthened and is nearing 80 to the US dollar. Why? Because gold has been trading on international markets at about US$ 62 per gram which is equivalent to (5000 / 62) = about 80.5, and markets and arbitrage traders have now taken note, driving the RUB / USD exchange rate higher.

So the ruble now has a floor to the US dollars, in terms of gold. But gold also has a floor, so to speak, because 5000 rubles per gram is 155,500 rubles per troy ounce of gold, and with a RUB / USD floor of about 80, that’s a gold price of around $1940. And if the Western paper gold markets of LBMA / COMEX try to drive the US dollar gold price lower, they will have to try to weaken the ruble as well or else the paper manipulations will be out in the open.

Additionally, with the new gold to ruble linkage, if the ruble continues to strengthen (for example due to demand created by obligatory energy payments in rubles), this will also be reflected in a stronger gold price. 

Gazprom_EU.jpeg

 

What does this mean for Oil?

Russia is the world’s largest natural gas exporter and the world’s third largest oil exporter. We are seeing right now that Putin is demanding that foreign buyers (importers of Russian gas) must pay for this natural gas using rubles. This immediately links the price of natural gas to rubles and (because of the fixed link to gold) to the gold price. So Russian natural gas is now linked via the ruble to gold.

The same can now be done with Russian oil. If Russia begins to demand payment for oil exports with rubles, there will be an immediate indirect peg to gold (via the fixed price ruble – gold connection). Then Russia could begin accepting gold directly in payment for its oil exports. In fact, this can be applied to any commodities, not just oil and natural gas.

What does this mean for the Price of Gold?

By playing both sides of the equation, i.e. linking the ruble to gold and then linking energy payments to the ruble, the Bank of Russia and the Kremlin are fundamentally altering the entire working assumptions of the global trade system while accelerating change in the global monetary system. This wall of buyers in search of physical gold to pay for real commodities could certainly torpedo and blow up the paper gold markets of the LBMA and COMEX.         

The fixed peg between the ruble and gold puts a floor on the RUB / USD rate but also a quasi-floor on the US dollar gold price. But beyond this, the linking of gold to energy payments is the main event. While increased demand for rubles should continue to strengthen the RUB / USD rate and show up as a higher gold price, due to the fixed ruble – gold linkage, if Russia begins to accept gold directly as a payment for oil, then this would be a new paradigm shift for the gold price as it would link the oil price directly to the gold price.  

For example, Russia could start by specifying that it will now accept 1 gram of gold per barrel of oil. It doesn’t have to be 1 gram but would have to be a discounted offer to the current crude benchmark price so as to promote take up, e.g. 1.2 grams per barrel. Buyers would then scramble to buy physical gold to pay for Russian oil exports, which in turn would create huge strains in the paper gold markets of London and New York where the entire ‘gold price’ discovery is based on synthetic and fractionally-backed cash-settled unallocated ‘gold’ and gold price ‘derivatives. 

Gokhran.jpgRussian gold bars stored in wooden boxes in the Gokhran vaults, Moscow

What does this mean for the Ruble?

Linking the ruble to gold via the Bank of Russia’s fixed price has now put a floor under the RUB/ USD rate, and thereby stabilized and strengthened the ruble. Demanding that natural gas exports are paid for in rubles (and possibly oil and other commodities down the line) will again act as stabilization and support. If a majority of the international trading system begins accepting these rubles for commodity payments arrangements, this could propel the Russian ruble to becoming a major global currency. At the same time, any move by Russia to accept direct gold for oil payments will cause more international gold to flow into Russian reserves, which would also strengthen the balance sheet of the Bank of Russia and in turn strengthen the ruble.

Talk of a formal gold standard for the ruble might be premature, but a gold-backed ruble must be something the Bank of Russia has considered.     

What does this mean for Other Currencies?

The global monetary landscape is changing rapidly and central banks around the world are obviously taking note. Western sanctions such as the freezing of the majority of Russia’s foreign exchange reserves while trying to sanction Russian gold have now made it obvious that property rights on FX reserves held abroad may not be respected, and likewise, that foreign central bank gold held in vault locations such as at the Bank of England and the New York Fed, is not beyond confiscation.      

Other non-Western governments and central banks will therefore be taking a keen interest in Russia linking the ruble to gold and linking commodity export payments to the ruble. In other words, if Russia begins to accept payment for oil in gold, then other countries may feel the need to follow suit.

Look at who, apart from the US, are the world’s largest oil and natural gas producers – Iran, China, Saudi Arabia, UAE, Qatar. Obviously, all of the BRICS countries and Eurasian countries are also following all of this very closely. If the demise of the US dollar is nearing, all of these countries will want their currencies to be beneficiaries of a new multi-lateral monetary order.  

Gold-for-Oil.jpg“It was once said that ‘gold and oil can never flow in the same direction’.” ANOTHER 1997

What does this mean for the US Dollar?

Since 1971, the global reserve status of the US dollar has been underpinned by oil, and the petrodollar era has only been possible due to both the world’s continued use of US dollars to trade oil and the USA’s ability to prevent any competitor to the US dollar.

But what we are seeing right now looks like the beginning of the end of that 50-year system and the birth of a new gold and commodity backed multi-lateral monetary system. The freezing of Russia’s foreign exchange reserves has been the trigger. The giant commodity strong countries of the world such as China and the oil exporting nations may now feel that now is the time to move to a new more equitable monetary system. It’s not a surprise, they have been discussing it for years.  

While it’s still too early to say how the US dollar will be affected, it will come out of this period weaker and less influential than before.      

What are the Consequences of these Developments?

The Bank of Russia’s move to link the ruble to gold and link commodity payments to the ruble is a paradigm shift that the western media has not really yet been grasped. As the dominos fall, these events could reverberate in different ways. Increased demand for physical gold. Blowups in the paper gold markets. A revalued gold price. A shift away from the US dollar. Increased bilateral trade in commodities among non-Western counties in currencies other than the US dollar.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 

Regarding: MultiPolar New World Order of The Great Reset

https://www.zerohedge.com/political/russia-china-foreign-ministers-meet-wednesday-discuss-fair-world-order

https://www.corbettreport.com/davis-newworldorder/

OPEC just had enough
https://irinaslav.substack.com/p/opec-just-had-enough?s=r

 

https://community.oilprice.com/topic/25680-leaders-and-influencers-who-have-trained-under-the-world-economic-forum-climate-change-agenda-and-build-back-betterslogans-by-world-economic-forum/

https://community.oilprice.com/topic/25067-monopoly-–-who-owns-the-world/

https://community.oilprice.com/topic/25990-the-global-digital-id-prison-by-james-corbett-of-corbettreportcom/

https://community.oilprice.com/topic/26131-how-to-calculate-your-individual-esg-score-to-ensure-that-your-digital-id-benefits-and-money-are-accessible/

https://community.oilprice.com/topic/24829-the-climate-swindle-in-a-nutshell-welcome-to-the-new-economy-by-james-corbett/

https://www.activistpost.com/2021/10/world-economic-forum-to-launch-great-narrative-initiative-following-the-great-reset.html

https://community.oilprice.com/topic/21211-the-world-economic-forum-davos-setting-the-agenda-on-fossil-fuels-global-regulations-etc/#comment-140156

 

 

Edited by Tom Nolan
  • Great Response! 1
  • Upvote 2

Share this post


Link to post
Share on other sites

On 4/3/2022 at 10:29 PM, Tom Nolan said:

Ronan Manly is well known as a deep dive precious metals analyst, especially with the international exchanges and banks. 

EXCERPTS  Why is setting a Fixed Price for Gold in Rubles significant?   By offering to buy gold from Russian banks at a fixed price of 5000 rubles per gram, the Bank of Russia has both linked the ruble to gold and, since gold trades in US dollars, set a floor price for the ruble in terms of the US dollar.

We can see this linkage in action since Friday 25 March when the Bank of Russia made the fixed price announcement. The ruble was trading at around 100 to the US dollar at that time, but has since strengthened and is nearing 80 to the US dollar. Why? Because gold has been trading on international markets at about US$ 62 per gram which is equivalent to (5000 / 62) = about 80.5, and markets and arbitrage traders have now taken note, driving the RUB / USD exchange rate higher.

 

So the ruble now has a floor to the US dollars, in terms of gold. But gold also has a floor, so to speak, because 5000 rubles per gram is 155,500 rubles per troy ounce of gold, and with a RUB / USD floor of about 80, that’s a gold price of around $1940. And if the Western paper gold markets of LBMA / COMEX try to drive the US dollar gold price lower, they will have to try to weaken the ruble as well or else the paper manipulations will be out in the open…

Oil and Gas …We are seeing right now that Putin is demanding that foreign buyers (importers of Russian gas) must pay for this natural gas using rubles. This immediately links the price of natural gas to rubles and (because of the fixed link to gold) to the gold price. So Russian natural gas is now linked via the ruble to gold.

https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/

https://www.zerohedge.com/commodities/paradigm-shift-western-media-hasnt-grasped-yet-russian-ruble-relaunched-linked-gold-and

"A Paradigm Shift Western Media Hasn't Grasped Yet" - Russian Ruble Relaunched, Linked To Gold & Commodities

Tyler Durden's Photo
by Tyler Durden
Saturday, Apr 02, 2022 - 09:30 PM

By Ronan Manly of Bullionstar.com

With Russia’s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities, journalists in Moscow asked me to write a Q and A article on what these developments mean, and the ramifications of these changes on the Russian ruble, the US dollar, the gold price and the global system of currencies. This article has been published on the RT.com website here

 

Russian Ruble relaunched linked to Gold and Commodities – RT.com Q and A

https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/

With Russia’s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities, the journalists at in Moscow asked me to write a Q and A article on what these developments mean, and the ramifications of these changes on the Russian ruble, the US dollar, the gold price and the global system of currencies. This article has been published on the RT.com website. 

Regular readers will recall that I have contributed to quite a few RT.com articles before, such as about Australian gold (see BullionStar

, US Treasury gold (see BullionStar ), Poland’s gold (see RT site ), China’s gold (see RT’s Spanish site ), why buy physical gold (see RT site ), and gold price manipulation (see RT site

).   <----These LINKS are shown at Ronan's article.

However, since RT.com is now blocked and censored in many Western locations such as the EU, UK, US and Canada, and since many readers may not be able to access the RT.com website (unless using a VPN), my Questions and Answers that are in the new RT.com article are now published here in their entirety.

Who would have thought that citizens of ‘free speech’ Western countries would need a VPN to read a Russian news site?

Why is setting a Fixed Price for Gold in Rubles significant?

By offering to buy gold from Russian banks at a fixed price of 5000 rubles per gram, the Bank of Russia has both linked the ruble to gold and, since gold trades in US dollars, set a floor price for the ruble in terms of the US dollar.

We can see this linkage in action since Friday 25 March when the Bank of Russia made the fixed price announcement. The ruble was trading at around 100 to the US dollar at that time, but has since strengthened and is nearing 80 to the US dollar. Why? Because gold has been trading on international markets at about US$ 62 per gram which is equivalent to (5000 / 62) = about 80.5, and markets and arbitrage traders have now taken note, driving the RUB / USD exchange rate higher.

So the ruble now has a floor to the US dollars, in terms of gold. But gold also has a floor, so to speak, because 5000 rubles per gram is 155,500 rubles per troy ounce of gold, and with a RUB / USD floor of about 80, that’s a gold price of around $1940. And if the Western paper gold markets of LBMA / COMEX try to drive the US dollar gold price lower, they will have to try to weaken the ruble as well or else the paper manipulations will be out in the open.

Additionally, with the new gold to ruble linkage, if the ruble continues to strengthen (for example due to demand created by obligatory energy payments in rubles), this will also be reflected in a stronger gold price. 

Gazprom_EU.jpeg

 

What does this mean for Oil?

Russia is the world’s largest natural gas exporter and the world’s third largest oil exporter. We are seeing right now that Putin is demanding that foreign buyers (importers of Russian gas) must pay for this natural gas using rubles. This immediately links the price of natural gas to rubles and (because of the fixed link to gold) to the gold price. So Russian natural gas is now linked via the ruble to gold.

The same can now be done with Russian oil. If Russia begins to demand payment for oil exports with rubles, there will be an immediate indirect peg to gold (via the fixed price ruble – gold connection). Then Russia could begin accepting gold directly in payment for its oil exports. In fact, this can be applied to any commodities, not just oil and natural gas.

What does this mean for the Price of Gold?

By playing both sides of the equation, i.e. linking the ruble to gold and then linking energy payments to the ruble, the Bank of Russia and the Kremlin are fundamentally altering the entire working assumptions of the global trade system while accelerating change in the global monetary system. This wall of buyers in search of physical gold to pay for real commodities could certainly torpedo and blow up the paper gold markets of the LBMA and COMEX.         

The fixed peg between the ruble and gold puts a floor on the RUB / USD rate but also a quasi-floor on the US dollar gold price. But beyond this, the linking of gold to energy payments is the main event. While increased demand for rubles should continue to strengthen the RUB / USD rate and show up as a higher gold price, due to the fixed ruble – gold linkage, if Russia begins to accept gold directly as a payment for oil, then this would be a new paradigm shift for the gold price as it would link the oil price directly to the gold price.  

For example, Russia could start by specifying that it will now accept 1 gram of gold per barrel of oil. It doesn’t have to be 1 gram but would have to be a discounted offer to the current crude benchmark price so as to promote take up, e.g. 1.2 grams per barrel. Buyers would then scramble to buy physical gold to pay for Russian oil exports, which in turn would create huge strains in the paper gold markets of London and New York where the entire ‘gold price’ discovery is based on synthetic and fractionally-backed cash-settled unallocated ‘gold’ and gold price ‘derivatives. 

Gokhran.jpgRussian gold bars stored in wooden boxes in the Gokhran vaults, Moscow

What does this mean for the Ruble?

Linking the ruble to gold via the Bank of Russia’s fixed price has now put a floor under the RUB/ USD rate, and thereby stabilized and strengthened the ruble. Demanding that natural gas exports are paid for in rubles (and possibly oil and other commodities down the line) will again act as stabilization and support. If a majority of the international trading system begins accepting these rubles for commodity payments arrangements, this could propel the Russian ruble to becoming a major global currency. At the same time, any move by Russia to accept direct gold for oil payments will cause more international gold to flow into Russian reserves, which would also strengthen the balance sheet of the Bank of Russia and in turn strengthen the ruble.

Talk of a formal gold standard for the ruble might be premature, but a gold-backed ruble must be something the Bank of Russia has considered.     

What does this mean for Other Currencies?

The global monetary landscape is changing rapidly and central banks around the world are obviously taking note. Western sanctions such as the freezing of the majority of Russia’s foreign exchange reserves while trying to sanction Russian gold have now made it obvious that property rights on FX reserves held abroad may not be respected, and likewise, that foreign central bank gold held in vault locations such as at the Bank of England and the New York Fed, is not beyond confiscation.      

Other non-Western governments and central banks will therefore be taking a keen interest in Russia linking the ruble to gold and linking commodity export payments to the ruble. In other words, if Russia begins to accept payment for oil in gold, then other countries may feel the need to follow suit.

Look at who, apart from the US, are the world’s largest oil and natural gas producers – Iran, China, Saudi Arabia, UAE, Qatar. Obviously, all of the BRICS countries and Eurasian countries are also following all of this very closely. If the demise of the US dollar is nearing, all of these countries will want their currencies to be beneficiaries of a new multi-lateral monetary order.  

Gold-for-Oil.jpg“It was once said that ‘gold and oil can never flow in the same direction’.” ANOTHER 1997

What does this mean for the US Dollar?

Since 1971, the global reserve status of the US dollar has been underpinned by oil, and the petrodollar era has only been possible due to both the world’s continued use of US dollars to trade oil and the USA’s ability to prevent any competitor to the US dollar.

But what we are seeing right now looks like the beginning of the end of that 50-year system and the birth of a new gold and commodity backed multi-lateral monetary system. The freezing of Russia’s foreign exchange reserves has been the trigger. The giant commodity strong countries of the world such as China and the oil exporting nations may now feel that now is the time to move to a new more equitable monetary system. It’s not a surprise, they have been discussing it for years.  

While it’s still too early to say how the US dollar will be affected, it will come out of this period weaker and less influential than before.      

What are the Consequences of these Developments?

The Bank of Russia’s move to link the ruble to gold and link commodity payments to the ruble is a paradigm shift that the western media has not really yet been grasped. As the dominos fall, these events could reverberate in different ways. Increased demand for physical gold. Blowups in the paper gold markets. A revalued gold price. A shift away from the US dollar. Increased bilateral trade in commodities among non-Western counties in currencies other than the US dollar.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 

Regarding: MultiPolar New World Order of The Great Reset

https://www.zerohedge.com/political/russia-china-foreign-ministers-meet-wednesday-discuss-fair-world-order

https://www.corbettreport.com/davis-newworldorder/

OPEC just had enough
https://irinaslav.substack.com/p/opec-just-had-enough?s=r

 

https://community.oilprice.com/topic/25680-leaders-and-influencers-who-have-trained-under-the-world-economic-forum-climate-change-agenda-and-build-back-betterslogans-by-world-economic-forum/

https://community.oilprice.com/topic/25067-monopoly-–-who-owns-the-world/

https://community.oilprice.com/topic/25990-the-global-digital-id-prison-by-james-corbett-of-corbettreportcom/

https://community.oilprice.com/topic/26131-how-to-calculate-your-individual-esg-score-to-ensure-that-your-digital-id-benefits-and-money-are-accessible/

https://community.oilprice.com/topic/24829-the-climate-swindle-in-a-nutshell-welcome-to-the-new-economy-by-james-corbett/

https://www.activistpost.com/2021/10/world-economic-forum-to-launch-great-narrative-initiative-following-the-great-reset.html

https://community.oilprice.com/topic/21211-the-world-economic-forum-davos-setting-the-agenda-on-fossil-fuels-global-regulations-etc/#comment-140156

 

 

Many people are predicting that the US will enter recession and the dollar will implode:

https://www.kitco.com/news/2022-04-04/U-S-dollar-to-implode-buy-gold-silver-Bitcoin-and-Ethereum-says-Kiyosaki.html

 

  • Upvote 1

Share this post


Link to post
Share on other sites

(edited)

On 4/4/2022 at 8:13 PM, Hotone said:

Many people are predicting that the US will enter recession and the dollar will implode:

https://www.kitco.com/news/2022-04-04/U-S-dollar-to-implode-buy-gold-silver-Bitcoin-and-Ethereum-says-Kiyosaki.html

 

You once poised the question..will there be violence in the US due to political leadership. I replied no. Today I can longer say that. 

Yet to your point, such events will not occur. Sadly the US must finally take a aggressive stand on such matters. Like it or not, this world is on the verge of chaos.

Walk Softly and Carry a Big Stick”

Time for the big stick.

Edited by Eyes Wide Open
  • Like 1

Share this post


Link to post
Share on other sites

(edited)

1 hour ago, Eyes Wide Open said:

You once poised the question..will there be violence in the US due to political leadership. I replied no. Today I can longer say that. 

Yet to your point, such events will not occur. Sadly the US must finally take a aggressive stand on such matters. Like it or not, this world is on the verge of chaos.

Walk Softly and Carry a Big Stick”

Time for the big stick.

Time for the big stick.???? you leaking again???? shove it up farther this time

 

you keep babbling bs....it is amusing what old farts such as yourself are babbling about.......I replied no. Today I can longer say that. .............Keep babbling , it is all you have left.

Edited by notsonice

Share this post


Link to post
Share on other sites

On 4/3/2022 at 8:29 AM, Tom Nolan said:

Ronan Manly is well known as a deep dive precious metals analyst, especially with the international exchanges and banks. 

EXCERPTS  Why is setting a Fixed Price for Gold in Rubles significant?   By offering to buy gold from Russian banks at a fixed price of 5000 rubles per gram, the Bank of Russia has both linked the ruble to gold and, since gold trades in US dollars, set a floor price for the ruble in terms of the US dollar.

We can see this linkage in action since Friday 25 March when the Bank of Russia made the fixed price announcement. The ruble was trading at around 100 to the US dollar at that time, but has since strengthened and is nearing 80 to the US dollar. Why? Because gold has been trading on international markets at about US$ 62 per gram which is equivalent to (5000 / 62) = about 80.5, and markets and arbitrage traders have now taken note, driving the RUB / USD exchange rate higher.

 

So the ruble now has a floor to the US dollars, in terms of gold. But gold also has a floor, so to speak, because 5000 rubles per gram is 155,500 rubles per troy ounce of gold, and with a RUB / USD floor of about 80, that’s a gold price of around $1940. And if the Western paper gold markets of LBMA / COMEX try to drive the US dollar gold price lower, they will have to try to weaken the ruble as well or else the paper manipulations will be out in the open…

Oil and Gas …We are seeing right now that Putin is demanding that foreign buyers (importers of Russian gas) must pay for this natural gas using rubles. This immediately links the price of natural gas to rubles and (because of the fixed link to gold) to the gold price. So Russian natural gas is now linked via the ruble to gold.

https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/

https://www.zerohedge.com/commodities/paradigm-shift-western-media-hasnt-grasped-yet-russian-ruble-relaunched-linked-gold-and

"A Paradigm Shift Western Media Hasn't Grasped Yet" - Russian Ruble Relaunched, Linked To Gold & Commodities

Tyler Durden's Photo
by Tyler Durden
Saturday, Apr 02, 2022 - 09:30 PM

By Ronan Manly of Bullionstar.com

With Russia’s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities, journalists in Moscow asked me to write a Q and A article on what these developments mean, and the ramifications of these changes on the Russian ruble, the US dollar, the gold price and the global system of currencies. This article has been published on the RT.com website here

 

Russian Ruble relaunched linked to Gold and Commodities – RT.com Q and A

https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/

With Russia’s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities, the journalists at in Moscow asked me to write a Q and A article on what these developments mean, and the ramifications of these changes on the Russian ruble, the US dollar, the gold price and the global system of currencies. This article has been published on the RT.com website. 

Regular readers will recall that I have contributed to quite a few RT.com articles before, such as about Australian gold (see BullionStar

, US Treasury gold (see BullionStar ), Poland’s gold (see RT site ), China’s gold (see RT’s Spanish site ), why buy physical gold (see RT site ), and gold price manipulation (see RT site

).   <----These LINKS are shown at Ronan's article.

However, since RT.com is now blocked and censored in many Western locations such as the EU, UK, US and Canada, and since many readers may not be able to access the RT.com website (unless using a VPN), my Questions and Answers that are in the new RT.com article are now published here in their entirety.

Who would have thought that citizens of ‘free speech’ Western countries would need a VPN to read a Russian news site?

Why is setting a Fixed Price for Gold in Rubles significant?

By offering to buy gold from Russian banks at a fixed price of 5000 rubles per gram, the Bank of Russia has both linked the ruble to gold and, since gold trades in US dollars, set a floor price for the ruble in terms of the US dollar.

We can see this linkage in action since Friday 25 March when the Bank of Russia made the fixed price announcement. The ruble was trading at around 100 to the US dollar at that time, but has since strengthened and is nearing 80 to the US dollar. Why? Because gold has been trading on international markets at about US$ 62 per gram which is equivalent to (5000 / 62) = about 80.5, and markets and arbitrage traders have now taken note, driving the RUB / USD exchange rate higher.

So the ruble now has a floor to the US dollars, in terms of gold. But gold also has a floor, so to speak, because 5000 rubles per gram is 155,500 rubles per troy ounce of gold, and with a RUB / USD floor of about 80, that’s a gold price of around $1940. And if the Western paper gold markets of LBMA / COMEX try to drive the US dollar gold price lower, they will have to try to weaken the ruble as well or else the paper manipulations will be out in the open.

Additionally, with the new gold to ruble linkage, if the ruble continues to strengthen (for example due to demand created by obligatory energy payments in rubles), this will also be reflected in a stronger gold price. 

Gazprom_EU.jpeg

 

What does this mean for Oil?

Russia is the world’s largest natural gas exporter and the world’s third largest oil exporter. We are seeing right now that Putin is demanding that foreign buyers (importers of Russian gas) must pay for this natural gas using rubles. This immediately links the price of natural gas to rubles and (because of the fixed link to gold) to the gold price. So Russian natural gas is now linked via the ruble to gold.

The same can now be done with Russian oil. If Russia begins to demand payment for oil exports with rubles, there will be an immediate indirect peg to gold (via the fixed price ruble – gold connection). Then Russia could begin accepting gold directly in payment for its oil exports. In fact, this can be applied to any commodities, not just oil and natural gas.

What does this mean for the Price of Gold?

By playing both sides of the equation, i.e. linking the ruble to gold and then linking energy payments to the ruble, the Bank of Russia and the Kremlin are fundamentally altering the entire working assumptions of the global trade system while accelerating change in the global monetary system. This wall of buyers in search of physical gold to pay for real commodities could certainly torpedo and blow up the paper gold markets of the LBMA and COMEX.         

The fixed peg between the ruble and gold puts a floor on the RUB / USD rate but also a quasi-floor on the US dollar gold price. But beyond this, the linking of gold to energy payments is the main event. While increased demand for rubles should continue to strengthen the RUB / USD rate and show up as a higher gold price, due to the fixed ruble – gold linkage, if Russia begins to accept gold directly as a payment for oil, then this would be a new paradigm shift for the gold price as it would link the oil price directly to the gold price.  

For example, Russia could start by specifying that it will now accept 1 gram of gold per barrel of oil. It doesn’t have to be 1 gram but would have to be a discounted offer to the current crude benchmark price so as to promote take up, e.g. 1.2 grams per barrel. Buyers would then scramble to buy physical gold to pay for Russian oil exports, which in turn would create huge strains in the paper gold markets of London and New York where the entire ‘gold price’ discovery is based on synthetic and fractionally-backed cash-settled unallocated ‘gold’ and gold price ‘derivatives. 

Gokhran.jpgRussian gold bars stored in wooden boxes in the Gokhran vaults, Moscow

What does this mean for the Ruble?

Linking the ruble to gold via the Bank of Russia’s fixed price has now put a floor under the RUB/ USD rate, and thereby stabilized and strengthened the ruble. Demanding that natural gas exports are paid for in rubles (and possibly oil and other commodities down the line) will again act as stabilization and support. If a majority of the international trading system begins accepting these rubles for commodity payments arrangements, this could propel the Russian ruble to becoming a major global currency. At the same time, any move by Russia to accept direct gold for oil payments will cause more international gold to flow into Russian reserves, which would also strengthen the balance sheet of the Bank of Russia and in turn strengthen the ruble.

Talk of a formal gold standard for the ruble might be premature, but a gold-backed ruble must be something the Bank of Russia has considered.     

What does this mean for Other Currencies?

The global monetary landscape is changing rapidly and central banks around the world are obviously taking note. Western sanctions such as the freezing of the majority of Russia’s foreign exchange reserves while trying to sanction Russian gold have now made it obvious that property rights on FX reserves held abroad may not be respected, and likewise, that foreign central bank gold held in vault locations such as at the Bank of England and the New York Fed, is not beyond confiscation.      

Other non-Western governments and central banks will therefore be taking a keen interest in Russia linking the ruble to gold and linking commodity export payments to the ruble. In other words, if Russia begins to accept payment for oil in gold, then other countries may feel the need to follow suit.

Look at who, apart from the US, are the world’s largest oil and natural gas producers – Iran, China, Saudi Arabia, UAE, Qatar. Obviously, all of the BRICS countries and Eurasian countries are also following all of this very closely. If the demise of the US dollar is nearing, all of these countries will want their currencies to be beneficiaries of a new multi-lateral monetary order.  

Gold-for-Oil.jpg“It was once said that ‘gold and oil can never flow in the same direction’.” ANOTHER 1997

What does this mean for the US Dollar?

Since 1971, the global reserve status of the US dollar has been underpinned by oil, and the petrodollar era has only been possible due to both the world’s continued use of US dollars to trade oil and the USA’s ability to prevent any competitor to the US dollar.

But what we are seeing right now looks like the beginning of the end of that 50-year system and the birth of a new gold and commodity backed multi-lateral monetary system. The freezing of Russia’s foreign exchange reserves has been the trigger. The giant commodity strong countries of the world such as China and the oil exporting nations may now feel that now is the time to move to a new more equitable monetary system. It’s not a surprise, they have been discussing it for years.  

While it’s still too early to say how the US dollar will be affected, it will come out of this period weaker and less influential than before.      

What are the Consequences of these Developments?

The Bank of Russia’s move to link the ruble to gold and link commodity payments to the ruble is a paradigm shift that the western media has not really yet been grasped. As the dominos fall, these events could reverberate in different ways. Increased demand for physical gold. Blowups in the paper gold markets. A revalued gold price. A shift away from the US dollar. Increased bilateral trade in commodities among non-Western counties in currencies other than the US dollar.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 

Regarding: MultiPolar New World Order of The Great Reset

https://www.zerohedge.com/political/russia-china-foreign-ministers-meet-wednesday-discuss-fair-world-order

https://www.corbettreport.com/davis-newworldorder/

OPEC just had enough
https://irinaslav.substack.com/p/opec-just-had-enough?s=r

 

https://community.oilprice.com/topic/25680-leaders-and-influencers-who-have-trained-under-the-world-economic-forum-climate-change-agenda-and-build-back-betterslogans-by-world-economic-forum/

https://community.oilprice.com/topic/25067-monopoly-–-who-owns-the-world/

https://community.oilprice.com/topic/25990-the-global-digital-id-prison-by-james-corbett-of-corbettreportcom/

https://community.oilprice.com/topic/26131-how-to-calculate-your-individual-esg-score-to-ensure-that-your-digital-id-benefits-and-money-are-accessible/

https://community.oilprice.com/topic/24829-the-climate-swindle-in-a-nutshell-welcome-to-the-new-economy-by-james-corbett/

https://www.activistpost.com/2021/10/world-economic-forum-to-launch-great-narrative-initiative-following-the-great-reset.html

https://community.oilprice.com/topic/21211-the-world-economic-forum-davos-setting-the-agenda-on-fossil-fuels-global-regulations-etc/#comment-140156

 

 

you should sell your gold for Rubles.............What a great deal.... Jump on it

I can bet you no Gold Mining company in Russia is jumping on the Putin bandwagon of selling their output for rubles....they are losing out on $3 a gram 

offering to buy gold from Russian banks at a fixed price of 5000 rubles per gram??????? or $59.2  per gram if you sell to Russian bank

Gold is worth $62.28 per gram today on the world market

US $ is worth today 84.4 rubles .......

Why would anyone want to hold Rubles?????.....and why would anyone want to sell gold for Rubles......

then again , you should trade in your gold for Rubles............I also have a bridge to sell you

  • Like 1

Share this post


Link to post
Share on other sites

(edited)

On 4/4/2022 at 9:13 PM, Hotone said:

Many people are predicting that the US will enter recession and the dollar will implode:

https://www.kitco.com/news/2022-04-04/U-S-dollar-to-implode-buy-gold-silver-Bitcoin-and-Ethereum-says-Kiyosaki.html

 

you do realize Kitco loves to trash talk the dollar and sell you overpriced gold.....It is all they do and It is how they get suckers to buy their overpriced gold and how they make money.......When you go to sell back your gold to Kitco they do not offer you the going rate for your gold....They make 5 to 7 percent on the trade. 

Anyone that reads Kitco and believes all their BS on Gold and that it will be selling in the near future for $3000 or $5000 an ounce .... or $10,000 an ounce needs to have their head examined. Yep they have been posting that kind of garbage for years.

 

Newsflash.... Fed will keep raising rates and gold falls everytime they raise rates.........This has been happening for ever........

 

Gold has been unable to break/sustain over the $2000 mark now for how many years?????? and the Fed raising rates......$1700 gold by year end????? or are you buying into $2300 gold???? 

You should listen to Kitco and buy gold and sell your dollars....I also have a bridge to sell you.......Plus I have a pile of gold for sale at $1910 an ounce....You bring cash (US dollars)........no checks or Rubles (ha ha ha) or no  crappy  currency you may hold where you live. How is your currency holding up against the dollar these days?????? not so good???

 

Many people are predicting that the US will enter recession and the dollar will implode?????man are you desperate 

 

Edited by notsonice

Share this post


Link to post
Share on other sites

On 4/5/2022 at 4:13 AM, Hotone said:

Many people are predicting that the US will enter recession and the dollar will implode:

https://www.kitco.com/news/2022-04-04/U-S-dollar-to-implode-buy-gold-silver-Bitcoin-and-Ethereum-says-Kiyosaki.html

 

Surely its Russia that will be entering recession on a grand scale!!!

West Set To ‘Swap’ 650,000 Bpd Russian Oil With Developing Asia

https://oilprice.com/Latest-Energy-News/World-News/West-Set-To-Swap-650000-Bpd-Russian-Oil-With-Developing-Asia.html

  • Like 1

Share this post


Link to post
Share on other sites

6 hours ago, Eyes Wide Open said:

You once poised the question..will there be violence in the US due to political leadership. I replied no. Today I can longer say that.

Today you can no longer say that?

Did you miss trumps coup attempt?

Share this post


Link to post
Share on other sites

(edited)

8 hours ago, Rob Plant said:

Surely its Russia that will be entering recession on a grand scale!!!

West Set To ‘Swap’ 650,000 Bpd Russian Oil With Developing Asia

https://oilprice.com/Latest-Energy-News/World-News/West-Set-To-Swap-650000-Bpd-Russian-Oil-With-Developing-Asia.html

Yes, you are right.  Russia will also enter recession as well.  The Russians will probably suffer in stoic acceptance and alcoholism.  I think America will have more crime, lootings, mass shootings, senseless violence, mass protests, racial conflict, homelessness and drug abuse - i.e. what's been happening, except on a bigger scale.  

Edited by Hotone
  • Upvote 2
  • Rolling Eye 1

Share this post


Link to post
Share on other sites

58 minutes ago, Hotone said:

Yes, you are right.  Russia will also enter recession as well.  The Russians will probably suffer in stoic acceptance and alcoholism.  I think America will have more crime, lootings, mass shootings, violence, homelessness and drug abuse - what's happening now, except on a bigger scale.  

I think poverty or at least a reduction in disposable income is heading its way to most people in most countries.

Fuel poverty, inflation, ongoing Covid issues, political instability etc etc will all take their toll. This almost inevitably ends in civil unrest. The Russians and Chinese people are far too trusting of their own political regimes to actually question and respond in an anarchic way. I guess thats where freedom of speech and freedom full stop comes into play.

  • Like 1
  • Upvote 1

Share this post


Link to post
Share on other sites

(edited)

10 hours ago, notsonice said:

you do realize Kitco loves to trash talk the dollar and sell you overpriced gold.....It is all they do and It is how they get suckers to buy their overpriced gold and how they make money.......When you go to sell back your gold to Kitco they do not offer you the going rate for your gold....They make 5 to 7 percent on the trade. 

Anyone that reads Kitco and believes all their BS on Gold and that it will be selling in the near future for $3000 or $5000 an ounce .... or $10,000 an ounce needs to have their head examined. Yep they have been posting that kind of garbage for years.

 

Newsflash.... Fed will keep raising rates and gold falls everytime they raise rates.........This has been happening for ever........

 

Gold has been unable to break/sustain over the $2000 mark now for how many years?????? and the Fed raising rates......$1700 gold by year end????? or are you buying into $2300 gold???? 

You should listen to Kitco and buy gold and sell your dollars....I also have a bridge to sell you.......Plus I have a pile of gold for sale at $1910 an ounce....You bring cash (US dollars)........no checks or Rubles (ha ha ha) or no  crappy  currency you may hold where you live. How is your currency holding up against the dollar these days?????? not so good???

 

Many people are predicting that the US will enter recession and the dollar will implode?????man are you desperate 

 

What, an American company publishing articles to influence people for the purpose of making money?  I am shocked; shocked I tell you!  America is a capitalist country, everything is done for profit or haven't you noticed.

I wouldn't recommend investing in gold ... Cryptocurrency is what you should be buying.   I do some mining in an office, and hoping to set up a factory.  It's like printing money.  Every country is doing the printing, but why just leave it to the government?

Edited by Hotone
  • Upvote 1

Share this post


Link to post
Share on other sites

(edited)

13 minutes ago, Rob Plant said:

I think poverty or at least a reduction in disposable income is heading its way to most people in most countries.

Fuel poverty, inflation, ongoing Covid issues, political instability etc etc will all take their toll. This almost inevitably ends in civil unrest. The Russians and Chinese people are far too trusting of their own political regimes to actually question and respond in an anarchic way. I guess thats where freedom of speech and freedom full stop comes into play

And guns.. Don't forget about the guns. American civilians alone account for about 46 percent of the worldwide total of civilian held firearms.  It amounts to "120.5 firearms for every 100 residents.". That's probably an old statistic, since gun purchases have been skyrocketing recently.

Edited by Hotone
  • Upvote 2

Share this post


Link to post
Share on other sites

9 hours ago, notsonice said:

you do realize Kitco loves to trash talk the dollar and sell you overpriced gold.....It is all they do and It is how they get suckers to buy their overpriced gold and how they make money.......When you go to sell back your gold to Kitco they do not offer you the going rate for your gold....They make 5 to 7 percent on the trade. 

Anyone that reads Kitco and believes all their BS on Gold and that it will be selling in the near future for $3000 or $5000 an ounce .... or $10,000 an ounce needs to have their head examined. Yep they have been posting that kind of garbage for years.

 

Newsflash.... Fed will keep raising rates and gold falls everytime they raise rates.........This has been happening for ever........

 

Gold has been unable to break/sustain over the $2000 mark now for how many years?????? and the Fed raising rates......$1700 gold by year end????? or are you buying into $2300 gold???? 

You should listen to Kitco and buy gold and sell your dollars....I also have a bridge to sell you.......Plus I have a pile of gold for sale at $1910 an ounce....You bring cash (US dollars)........no checks or Rubles (ha ha ha) or no  crappy  currency you may hold where you live. How is your currency holding up against the dollar these days?????? not so good???

 

Many people are predicting that the US will enter recession and the dollar will implode?????man are you desperate 

 

NotSoNice, As usual, you do not read nor do your homework.  Kitco often has articles about the daily and weekly projections for gold/silver/other metal prices which traders use.  You are taking statements out of context and you DEFINITELY did not read the substance found in Ronan Manly's article.  Your strawman argument is typical of your characteristics which are molded by your Masters, the government and mainstrem media.  Obey your Authoritarians and worship their words.

  • Upvote 2

Share this post


Link to post
Share on other sites

4 hours ago, Tom Nolan said:

NotSoNice, As usual, you do not read nor do your homework.  Kitco often has articles about the daily and weekly projections for gold/silver/other metal prices which traders use.  You are taking statements out of context and you DEFINITELY did not read the substance found in Ronan Manly's article.  Your strawman argument is typical of your characteristics which are molded by your Masters, the government and mainstrem media.  Obey your Authoritarians and worship their words.

As usual, you do not read nor do your homework.?????  defending Kitco??????

the site is a pump and dump gold selling site....their articles should be read with that in mind......

They promote (for a fee) some of the crappiest gold properties on earth........

strawman?????? you really have no clue

Keep babbling BS, it is what you are great at.

PS My bet is your masters are telling you what to post here.

Please sell your gold to Russia for Rubles........ You will have more Rubles than Dollars , ha ha ha ha

 

Share this post


Link to post
Share on other sites

8 hours ago, Hotone said:

What, an American company publishing articles to influence people for the purpose of making money?  I am shocked; shocked I tell you!  America is a capitalist country, everything is done for profit or haven't you noticed.

I wouldn't recommend investing in gold ... Cryptocurrency is what you should be buying.   I do some mining in an office, and hoping to set up a factory.  It's like printing money.  Every country is doing the printing, but why just leave it to the government?

Cryptocurrency is what you should be buying......................yeah that's the answer , ha ha ha.......You love playing the slot machines also?

So back to you babbling the dollar is going to crash and burn....again how is the currency you get paid in holding up??????? ha ha ha , I bet it has lost time over time against the dollar.........Crypto currency holds up better than your countries currency??? ha ha ha

Share this post


Link to post
Share on other sites

On 4/3/2022 at 9:29 AM, Tom Nolan said:

Ronan Manly is well known as a deep dive precious metals analyst, especially with the international exchanges and banks. 

EXCERPTS  Why is setting a Fixed Price for Gold in Rubles significant?   By offering to buy gold from Russian banks at a fixed price of 5000 rubles per gram, the Bank of Russia has both linked the ruble to gold and, since gold trades in US dollars, set a floor price for the ruble in terms of the US dollar.

We can see this linkage in action since Friday 25 March when the Bank of Russia made the fixed price announcement. The ruble was trading at around 100 to the US dollar at that time, but has since strengthened and is nearing 80 to the US dollar. Why? Because gold has been trading on international markets at about US$ 62 per gram which is equivalent to (5000 / 62) = about 80.5, and markets and arbitrage traders have now taken note, driving the RUB / USD exchange rate higher.

 

So the ruble now has a floor to the US dollars, in terms of gold. But gold also has a floor, so to speak, because 5000 rubles per gram is 155,500 rubles per troy ounce of gold, and with a RUB / USD floor of about 80, that’s a gold price of around $1940. And if the Western paper gold markets of LBMA / COMEX try to drive the US dollar gold price lower, they will have to try to weaken the ruble as well or else the paper manipulations will be out in the open…

Oil and Gas …We are seeing right now that Putin is demanding that foreign buyers (importers of Russian gas) must pay for this natural gas using rubles. This immediately links the price of natural gas to rubles and (because of the fixed link to gold) to the gold price. So Russian natural gas is now linked via the ruble to gold.

https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/

https://www.zerohedge.com/commodities/paradigm-shift-western-media-hasnt-grasped-yet-russian-ruble-relaunched-linked-gold-and

"A Paradigm Shift Western Media Hasn't Grasped Yet" - Russian Ruble Relaunched, Linked To Gold & Commodities

Tyler Durden's Photo
by Tyler Durden
Saturday, Apr 02, 2022 - 09:30 PM

By Ronan Manly of Bullionstar.com

With Russia’s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities, journalists in Moscow asked me to write a Q and A article on what these developments mean, and the ramifications of these changes on the Russian ruble, the US dollar, the gold price and the global system of currencies. This article has been published on the RT.com website here

 

Russian Ruble relaunched linked to Gold and Commodities – RT.com Q and A

https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/

With Russia’s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities, the journalists at in Moscow asked me to write a Q and A article on what these developments mean, and the ramifications of these changes on the Russian ruble, the US dollar, the gold price and the global system of currencies. This article has been published on the RT.com website. 

Regular readers will recall that I have contributed to quite a few RT.com articles before, such as about Australian gold (see BullionStar

, US Treasury gold (see BullionStar ), Poland’s gold (see RT site ), China’s gold (see RT’s Spanish site ), why buy physical gold (see RT site ), and gold price manipulation (see RT site

).   <----These LINKS are shown at Ronan's article.

However, since RT.com is now blocked and censored in many Western locations such as the EU, UK, US and Canada, and since many readers may not be able to access the RT.com website (unless using a VPN), my Questions and Answers that are in the new RT.com article are now published here in their entirety.

Who would have thought that citizens of ‘free speech’ Western countries would need a VPN to read a Russian news site?

Why is setting a Fixed Price for Gold in Rubles significant?

By offering to buy gold from Russian banks at a fixed price of 5000 rubles per gram, the Bank of Russia has both linked the ruble to gold and, since gold trades in US dollars, set a floor price for the ruble in terms of the US dollar.

We can see this linkage in action since Friday 25 March when the Bank of Russia made the fixed price announcement. The ruble was trading at around 100 to the US dollar at that time, but has since strengthened and is nearing 80 to the US dollar. Why? Because gold has been trading on international markets at about US$ 62 per gram which is equivalent to (5000 / 62) = about 80.5, and markets and arbitrage traders have now taken note, driving the RUB / USD exchange rate higher.

So the ruble now has a floor to the US dollars, in terms of gold. But gold also has a floor, so to speak, because 5000 rubles per gram is 155,500 rubles per troy ounce of gold, and with a RUB / USD floor of about 80, that’s a gold price of around $1940. And if the Western paper gold markets of LBMA / COMEX try to drive the US dollar gold price lower, they will have to try to weaken the ruble as well or else the paper manipulations will be out in the open.

Additionally, with the new gold to ruble linkage, if the ruble continues to strengthen (for example due to demand created by obligatory energy payments in rubles), this will also be reflected in a stronger gold price. 

Gazprom_EU.jpeg

 

What does this mean for Oil?

Russia is the world’s largest natural gas exporter and the world’s third largest oil exporter. We are seeing right now that Putin is demanding that foreign buyers (importers of Russian gas) must pay for this natural gas using rubles. This immediately links the price of natural gas to rubles and (because of the fixed link to gold) to the gold price. So Russian natural gas is now linked via the ruble to gold.

The same can now be done with Russian oil. If Russia begins to demand payment for oil exports with rubles, there will be an immediate indirect peg to gold (via the fixed price ruble – gold connection). Then Russia could begin accepting gold directly in payment for its oil exports. In fact, this can be applied to any commodities, not just oil and natural gas.

What does this mean for the Price of Gold?

By playing both sides of the equation, i.e. linking the ruble to gold and then linking energy payments to the ruble, the Bank of Russia and the Kremlin are fundamentally altering the entire working assumptions of the global trade system while accelerating change in the global monetary system. This wall of buyers in search of physical gold to pay for real commodities could certainly torpedo and blow up the paper gold markets of the LBMA and COMEX.         

The fixed peg between the ruble and gold puts a floor on the RUB / USD rate but also a quasi-floor on the US dollar gold price. But beyond this, the linking of gold to energy payments is the main event. While increased demand for rubles should continue to strengthen the RUB / USD rate and show up as a higher gold price, due to the fixed ruble – gold linkage, if Russia begins to accept gold directly as a payment for oil, then this would be a new paradigm shift for the gold price as it would link the oil price directly to the gold price.  

For example, Russia could start by specifying that it will now accept 1 gram of gold per barrel of oil. It doesn’t have to be 1 gram but would have to be a discounted offer to the current crude benchmark price so as to promote take up, e.g. 1.2 grams per barrel. Buyers would then scramble to buy physical gold to pay for Russian oil exports, which in turn would create huge strains in the paper gold markets of London and New York where the entire ‘gold price’ discovery is based on synthetic and fractionally-backed cash-settled unallocated ‘gold’ and gold price ‘derivatives. 

Gokhran.jpgRussian gold bars stored in wooden boxes in the Gokhran vaults, Moscow

What does this mean for the Ruble?

Linking the ruble to gold via the Bank of Russia’s fixed price has now put a floor under the RUB/ USD rate, and thereby stabilized and strengthened the ruble. Demanding that natural gas exports are paid for in rubles (and possibly oil and other commodities down the line) will again act as stabilization and support. If a majority of the international trading system begins accepting these rubles for commodity payments arrangements, this could propel the Russian ruble to becoming a major global currency. At the same time, any move by Russia to accept direct gold for oil payments will cause more international gold to flow into Russian reserves, which would also strengthen the balance sheet of the Bank of Russia and in turn strengthen the ruble.

Talk of a formal gold standard for the ruble might be premature, but a gold-backed ruble must be something the Bank of Russia has considered.     

What does this mean for Other Currencies?

The global monetary landscape is changing rapidly and central banks around the world are obviously taking note. Western sanctions such as the freezing of the majority of Russia’s foreign exchange reserves while trying to sanction Russian gold have now made it obvious that property rights on FX reserves held abroad may not be respected, and likewise, that foreign central bank gold held in vault locations such as at the Bank of England and the New York Fed, is not beyond confiscation.      

Other non-Western governments and central banks will therefore be taking a keen interest in Russia linking the ruble to gold and linking commodity export payments to the ruble. In other words, if Russia begins to accept payment for oil in gold, then other countries may feel the need to follow suit.

Look at who, apart from the US, are the world’s largest oil and natural gas producers – Iran, China, Saudi Arabia, UAE, Qatar. Obviously, all of the BRICS countries and Eurasian countries are also following all of this very closely. If the demise of the US dollar is nearing, all of these countries will want their currencies to be beneficiaries of a new multi-lateral monetary order.  

Gold-for-Oil.jpg“It was once said that ‘gold and oil can never flow in the same direction’.” ANOTHER 1997

What does this mean for the US Dollar?

Since 1971, the global reserve status of the US dollar has been underpinned by oil, and the petrodollar era has only been possible due to both the world’s continued use of US dollars to trade oil and the USA’s ability to prevent any competitor to the US dollar.

But what we are seeing right now looks like the beginning of the end of that 50-year system and the birth of a new gold and commodity backed multi-lateral monetary system. The freezing of Russia’s foreign exchange reserves has been the trigger. The giant commodity strong countries of the world such as China and the oil exporting nations may now feel that now is the time to move to a new more equitable monetary system. It’s not a surprise, they have been discussing it for years.  

While it’s still too early to say how the US dollar will be affected, it will come out of this period weaker and less influential than before.      

What are the Consequences of these Developments?

The Bank of Russia’s move to link the ruble to gold and link commodity payments to the ruble is a paradigm shift that the western media has not really yet been grasped. As the dominos fall, these events could reverberate in different ways. Increased demand for physical gold. Blowups in the paper gold markets. A revalued gold price. A shift away from the US dollar. Increased bilateral trade in commodities among non-Western counties in currencies other than the US dollar.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 

Regarding: MultiPolar New World Order of The Great Reset

https://www.zerohedge.com/political/russia-china-foreign-ministers-meet-wednesday-discuss-fair-world-order

https://www.corbettreport.com/davis-newworldorder/

OPEC just had enough
https://irinaslav.substack.com/p/opec-just-had-enough?s=r

 

https://community.oilprice.com/topic/25680-leaders-and-influencers-who-have-trained-under-the-world-economic-forum-climate-change-agenda-and-build-back-betterslogans-by-world-economic-forum/

https://community.oilprice.com/topic/25067-monopoly-–-who-owns-the-world/

https://community.oilprice.com/topic/25990-the-global-digital-id-prison-by-james-corbett-of-corbettreportcom/

https://community.oilprice.com/topic/26131-how-to-calculate-your-individual-esg-score-to-ensure-that-your-digital-id-benefits-and-money-are-accessible/

https://community.oilprice.com/topic/24829-the-climate-swindle-in-a-nutshell-welcome-to-the-new-economy-by-james-corbett/

https://www.activistpost.com/2021/10/world-economic-forum-to-launch-great-narrative-initiative-following-the-great-reset.html

https://community.oilprice.com/topic/21211-the-world-economic-forum-davos-setting-the-agenda-on-fossil-fuels-global-regulations-etc/#comment-140156

 

 

Yes, the Demoncrats are aiming to destroy our economy purposely. They want to destroy our middle class and help our elites gain total control of our political system. I don't see how that will work in the midterm though? It will be a disaster for the Demoncrats. The wealthy know how to hedge against inflation. The middle class does not have the same ability. The unionized government employees are protected by renewing contracts. The average person is screwed. 

Investing in gold and silver is possible for anyone who has any excess to do that with. Putin has been smart with that but the benefits have all gone to himself and his oligarchs. The Russian economy will still be destroyed by worldwide sanctions. 

One hedge against inflation is refinancing your home and paying off with inflated dollars. That works well in overpriced areas! Just, control your budget though! 

Will the rubble ruble rise again and teach America that we are letting Demoncrats destroy our dollar? 

Share this post


Link to post
Share on other sites

2 minutes ago, Ron Wagner said:

Yes, the Demoncrats are aiming to destroy our economy purposely. They want to destroy our middle class and help our elites gain total control of our political system. I don't see how that will work in the midterm though? It will be a disaster for the Demoncrats. The wealthy know how to hedge against inflation. The middle class does not have the same ability. The unionized government employees are protected by renewing contracts. The average person is screwed. 

Investing in gold and silver is possible for anyone who has any excess to do that with. Putin has been smart with that but the benefits have all gone to himself and his oligarchs. The Russian economy will still be destroyed by worldwide sanctions. 

One hedge against inflation is refinancing your home and paying off with inflated dollars. That works well in overpriced areas! Just, control your budget though! 

Will the rubble ruble rise again and teach America that we are letting Demoncrats destroy our dollar? 

what no gold mining in your neck of the woods???? Dollar falling in Illinois???........Last I checked the dollar index has gained strength under Biden to right at 100 in the past few days and when Trump left office it was at 90........

The topic is gold........ Last I checked gold mines in the US are doing very very well.....

Yep In Nevada which is number one in gold production in the US and run by Democrats...Now tell me how are the democrats are ruining the gold party in the US?????

 

 

  • Like 1

Share this post


Link to post
Share on other sites

(edited)

18 hours ago, notsonice said:

Cryptocurrency is what you should be buying......................yeah that's the answer , ha ha ha.......You love playing the slot machines also?

So back to you babbling the dollar is going to crash and burn....again how is the currency you get paid in holding up??????? ha ha ha , I bet it has lost time over time against the dollar.........Crypto currency holds up better than your countries currency??? ha ha ha

I know right?  Crypto is a Ponzi scheme, but so is the whole American led global financial system.  I used to work for a Nasdaq listed company during the dotcom boom.  The company used to hand us stock options like candy.  It was good times until everything went bust. 

Look, I don't want to see the USA and the dollar to implode.  I hope that the Fed will keep on printing money and keep interest rates low.  Don't worry about inflation; it's due to supply chain shock and not the money supply.  Let's all buy stocks, crypto, gold, and make lots of money.  Good times without end.  🥂🍾🍻🍺🍸🍷🥂

 

Edited by Hotone

Share this post


Link to post
Share on other sites

(edited)

10 hours ago, Ron Wagner said:

Yes, the Demoncrats are aiming to destroy our economy purposely. They want to destroy our middle class and help our elites gain total control of our political system. I don't see how that will work in the midterm though? It will be a disaster for the Demoncrats. The wealthy know how to hedge against inflation. The middle class does not have the same ability. The unionized government employees are protected by renewing contracts. The average person is screwed. 

Investing in gold and silver is possible for anyone who has any excess to do that with. Putin has been smart with that but the benefits have all gone to himself and his oligarchs. The Russian economy will still be destroyed by worldwide sanctions. 

One hedge against inflation is refinancing your home and paying off with inflated dollars. That works well in overpriced areas! Just, control your budget though! 

Will the rubble ruble rise again and teach America that we are letting Demoncrats destroy our dollar? 

How are Putin's actions the democrats fault? 

You know you have lost it when you blame ANY issue on one group.

Secondly, if this were some evil mastermind plan playing out you are losing, badly. 

So this leaves us with two options: you are illogically scapegoating, or your side are losers. 

Do you really want to think of over half of Americans as demons?  Not very patriotic.

Edited by TailingsPond

Share this post


Link to post
Share on other sites

13 hours ago, notsonice said:

what no gold mining in your neck of the woods???? Dollar falling in Illinois???........Last I checked the dollar index has gained strength under Biden to right at 100 in the past few days and when Trump left office it was at 90........

The topic is gold........ Last I checked gold mines in the US are doing very very well.....

Yep In Nevada which is number one in gold production in the US and run by Democrats...Now tell me how are the democrats are ruining the gold party in the US?????

 

 

I believe what you are saying. I wish you would help me by providing references. I need to know if silver is as good a choice as gold for investment. I fear inflation will destroy any extra cash we might save. Silver seems to follow gold historically. I am judging from the long term trends but am not up on the current mining situation. 

I oppose Democrats for many reasons.

1. Their moral tone as seen in our media, sports, corporations, and throughout our culture. I have had to cancel Netflix while I subscribed since its inception. Disney has turned to shit. Our next Supreme Court Justice is weak on punishing pedophilia and other crimes. 

2. Democrats are allowing a totally open border and unlimited illegal immigration. This deprives American citizens of jobs and forces the middle class to pay for them thus diminishing the strength of the middle class politically.

3. The Democrats are purposely deflating our currency and causing massive inflation which weakens all but the elites which are working toward total control of America. 

4. The Democrats stole the last presidential election by many means. Watch the movie Rigged to get the whole story on how one man was able to undermine the vote and the cheating that went on. The outright banning of free speech by President Trump on Twitter played a role. The outright banning of any mention of the Hunter Biden and Biden family scandals definitely swung the election in the key states needed. 

You can SPIN the truth however you wish, but I have spoken the truth IMHO. The midterm elections will show that most Americans have woken up and are going to fight against the political corruption that has brought us to where we are. Many wish that they had known the true story about the Biden family corruption and will switch their vote. 

 

Of course our Federally funded, in large part, academia , young corporate mavens, foundations, Hollywood, media, etc. had a massive role. 

Share this post


Link to post
Share on other sites

Some folks may have missed the point about Ronan Manly's article and how Russia subtly linked their currency to an international level.  A New World Order of currency is coming into view.  Of course, eventually your Central Bank currency will be tied to your digital ID along with your social credit score.

If you have not heard of Zoltan, then...well, you just don't keep up with his correct calls on the economy.  This article ties into Ronan Manly's article.

Zoltan Pozsar Speaks About Bretton Woods III

https://www.zerohedge.com/news/2022-04-02/zoltan-pozsar-speaks-about-bretton-woods-iii

 

Share this post


Link to post
Share on other sites

On 4/6/2022 at 7:20 AM, Hotone said:

Yes, you are right.  Russia will also enter recession as well.  The Russians will probably suffer in stoic acceptance and alcoholism.  I think America will have more crime, lootings, mass shootings, senseless violence, mass protests, racial conflict, homelessness and drug abuse - i.e. what's been happening, except on a bigger scale.  The conservative backlash is starting in November. 

Inflation has little to do with crime, in the USA, right now or in the past few decades. It is poor law enforcement due to the leaders who tell the police what they can and can't do, what the district attorneys and judges let them get away with and with illegal immigration. 

Share this post


Link to post
Share on other sites

2 hours ago, Tom Nolan said:

Some folks may have missed the point about Ronan Manly's article and how Russia subtly linked their currency to an international level.  A New World Order of currency is coming into view.  Of course, eventually your Central Bank currency will be tied to your digital ID along with your social credit score.

If you have not heard of Zoltan, then...well, you just don't keep up with his correct calls on the economy.  This article ties into Ronan Manly's article.

Zoltan Pozsar Speaks About Bretton Woods III

https://www.zerohedge.com/news/2022-04-02/zoltan-pozsar-speaks-about-bretton-woods-iii

 

The Ruble continued to surge higher against the greenback, now at its highest in two months...

2022-04-07_07-14-46_0.jpg?itok=QvhBPRrp

https://tradingeconomics.com/russia/currency

Share this post


Link to post
Share on other sites

2 hours ago, Ron Wagner said:

 

I oppose Democrats for many reasons.

1. Their moral tone as seen in our media, sports, corporations, and throughout our culture. I have had to cancel Netflix while I subscribed since its inception. Disney has turned to shit. Our next Supreme Court Justice is weak on punishing pedophilia and other crimes. 

2. Democrats are allowing a totally open border and unlimited illegal immigration. This deprives American citizens of jobs and forces the middle class to pay for them thus diminishing the strength of the middle class politically.

3. The Democrats are purposely deflating our currency and causing massive inflation which weakens all but the elites which are working toward total control of America. 

4. The Democrats stole the last presidential election by many means. Watch the movie Rigged to get the whole story on how one man was able to undermine the vote and the cheating that went on. The outright banning of free speech by President Trump on Twitter played a role. The outright banning of any mention of the Hunter Biden and Biden family scandals definitely swung the election in the key states needed. 

You can SPIN the truth however you wish, but I have spoken the truth IMHO. The midterm elections will show that most Americans have woken up and are going to fight against the political corruption that has brought us to where we are. Many wish that they had known the true story about the Biden family corruption and will switch their vote. 

 

Of course our Federally funded, in large part, academia , young corporate mavens, foundations, Hollywood, media, etc. had a massive role. 

Meanwhile the GOPs are voting to protect Putin, not Dems.  Ron never looks at the other side, he scapegoats all the world problems on the democrats (aka fellow Americans) without looking at reality. 

"Representatives Andy Biggs and Paul Gosar of Arizona, Marjorie Taylor Greene of Georgia, Warren Davidson of Ohio, Thomas Massie of Kentucky, and Scott Perry of Pennsylvania all voted against the war crimes probe."

 

Accept the fact the world doesn't follow your outdated views.  Democracy will have the laws align with the majority of people.  The majority of people watch Netflix and Disney.  By choosing to ignore certain media you are choosing to be ignorant.

You hate the majority of the USA, especially the young future leaders who are super liberal.

"Get off my lawn"

-old man Ron.

"Savvy peacekeeper."

-trump on Putin <-- Ron will ignore

 

Share this post


Link to post
Share on other sites

16 minutes ago, Tom Nolan said:

The Ruble continued to surge higher against the greenback, now at its highest in two months...

2022-04-07_07-14-46_0.jpg?itok=QvhBPRrp

https://tradingeconomics.com/russia/currency

As if sanctions are going to work.  But I'm sure plenty on here were sure Russia economy was going to be crushed. Laughable.

"Putin is smart he's taken over a country for $2 in sanctions.  I'd say that's pretty smart."

-trump on Putin

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.