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That's a great deal for the Bank of Russia. Even if the Ruble keeps tanking and gold skyrockets, they have locked in a price for a few months. This sounds less
by thebean11 5y ago
That's a great deal for the Bank of Russia. Even if the Ruble keeps tanking and gold skyrockets, they have locked in a price for a few months.
This sounds less like "gold backed Ruble" and more like "nationalize the gold mining industry".