RE:Interesting readOne more attempt by Russia to get accepted to the world community or more specifically world’s economy. Since ruble is worth nothing because other than weaponry and massive amount of resources Russia is not producing anything that world really wants ….backing ruble with gold is the only option. The expensive war in Ukraine is the beginning of the end for Russia; soon they will be forced to sell even more of their gold just so they can buy food …..& vodka.
IMHO this will stop gold price from rising beyond current levels but profitable producers like KNT will do very well.
G37