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Back to the gold standard

Back to the gold standard

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MB

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16 Sep 23

@no1marauder said
Talk about goalpost moving! From the OP:

MB: This is because of competition from BRICS adopting the gold standard.

Anyway, BRICS couldn't agree on any type of new currency and only Brazil discussed the possibility of a BRICS currency in their public statements at the end of the summit:https://www.msn.com/en-us/money/markets/the-brics-summit-ended-with-no-new- ...[text shortened]... -commentary-on-de-dollarization/ar-AA1fRE6N?ocid=msedgntp&cvid=eda7111838fe4c608380cdf7e5381fc2&ei=8
It is Russia that may adopt the gold standard.

https://www.zerohedge.com/geopolitical/currency-wars-versus-gold-standards

AThousandYoung
1st Dan TKD Kukkiwon

tinyurl.com/2te6yzdu

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@metal-brain said
It is Russia that may adopt the gold standard.

https://www.zerohedge.com/geopolitical/currency-wars-versus-gold-standards
How many picograms of gold will each ruble be worth do you think?

I’m sure Russian citizens will be allowed to exchange their cash for gold and spend it outside the country. Why wouldn’t they be allowed to do that?

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