Well well well...The 5000R peg has already gone. The RCB has now said they will buy your gold on a case by case basis. That is because the ruble continues to climb. Yesterday it hit 75/USD which implies a gold price of 2074.
Additionally the LBMA is losing 28% of it's total of physical gold that was supplied last year from Russia.
What does that mean: a squeeze is coming very very shortly.
If as expected that oil rises to $200 a barrel it will affect the gold ruble peg further. The ruble will rise and gold with it. Potentially it would mean $4000 gold very soon but I would be happy with 2700.
Pick your gold stocks wisely (K92 is very wise) we are going to a pretty big slide up.
https://kingworldnews.com/kwn-metals-wrap-with-alasdair-macleod-4-9-2022/