OTCPK:KRCLF - Post by User
Post by
MaterialsManon Jan 02, 2023 8:56am
328 Views
Post# 35199409
Making sense of oil for gold
Making sense of oil for goldA source has come out with information that has helped me to begin making some sense of this Russian oil for gold business. From what I understand, Russia has basically in what may be a somewhat experimental exercise begun to tie the rupel to gold. It was explained that one gram of gold equates to 5,000 rupels. If one applies a little math to the situation, this pegs gold at approximately $1250.00 per ounce in U.S dollars. I think this experiment may be worth watching, as it may end up showing the naysayers about tying gold to a currency that maybe it can be done. This in turn might end up revealing the true value of gold which may turn out to be much more than the amount at which it is currently valued.