UPDATED 10:39 AM EDT -- It's Official! Russia Central bank Announces Ruble Bound to Gold! 5000 Rubles per Gram
World Hal Turner Hits: 251451
(UPDATED 10:39 AM EDT SEE BOTTOM) The Central Bank of Russia has officially announced that, as of March 28, 2022, the Russian Ruble currency is BOUND to Gold. The rate is 5,000 Rubles per gram of gold bullion.
The psychopaths who run this world will
never allow a gold backed standard for
currency any where in this world.
By doing so it would tie the total amount of
available currency to the amount of gold
in existence, above ground. Want more money,
better dig up more gold.
This would bind the hands of the worlds central
bankers as they would not be able to “create” (print)
money from thin air and limit their ability to control
world markets and governments. (Let alone buy up
and own everything and make you happy, “Klaus Slob...)
The psychopaths will only allow the next phase
of currency to be digital. They can keep all of their
deceitful maneuvers intact and even throw out their
outdated printing press. Their control over our lives
will become unbearable.
Hows your social credit score looking these days?
IF cbr.ru stands for central bank russia , russia then this may be 'from the horses mouth'
"I don't think people realized what just happened over the past few days, so I'm going to try to explain what I'm seeing:
The Russian central bank pegged 1 gram of gold to 5000 Rubles (currently, about 50 bucks).
At the same time, Putin made it so that Russian gas and oil can only be purchased in Rubles.
Meaning: Putin basically just pegged Russian oil and gas to gold, using paper rubles as a proxy.
Meaning: Europe will need to either buy Rubles from Putin in gold, in order to buy gas and oil, or they will have to buy directly in gold. Which means, there will soon be a lot more demand for rubles.
Currently, the forex rate for rubles to dollars is about 100:1.
But... with 5000 rubles now equaling 1 gram of gold, and oil being priced directly in gold - you're going to see a massive price disruption in these FOREX markets, in terms of how much gold a dollar can actually still buy.
Foreign countries holding our dollar debt notes in reserve will see less of a use for them, and will want to start dumping them, in order to get something more stable, something which holds its value.
Basically any currency pegged to gold now will fit the bill. Which means those countries - countries like Japan - will be dumping their dollar debt as fast as they can. They're are NOT going to go down with the ship. And they will move into more stable currencies - like the Ruble.
Which will have a deflationary effect on the Ruble, making it more valuable over time.
Which means Putin will be able to re-peg the Ruble to Gold at whatever rate he wants, down the line. It's 5000 rubles today. Tomorrow, it might be 500. And then 100. And then 10.
This also means all those excess dollars being dumped by foreign nations are about to come home and cause even worse hyperinflation than we're seeing.
Is it any wonder Biden is up on stage pleading with Europeans for regime change in Russia? He's about to have masses of angry and starving people marching through the streets here at home, demanding answers."
(Nikisky Quote: “The Russian central
bank pegged 1 gram of gold to 5000 Rubles
(currently, about 50 bucks).”
First of all, The Russian central bank simply stated that
they will resume (or begin again) their purchase of gold
from other Russian banks. (Notice the qualifier “begin
again” as they have done such before without false claims
of “pegging” gold to their currency.) NO WHERE in the
world news is it stated that the Ruble is universally backed
(Nikisky Quote: “At the same time, Putin made it so that
Russian gas and oil can only be purchased in Rubles.”)
Notice the use of the word “only.”
It was clearly expressed that this condition would only
apply to “unfriendly” nations and does not apply across
the entire board of “all” nations. (This is a sanction)
(Nikisky Quote: “Putin basically just pegged Russian oil
and gas to gold, using paper rubles as a proxy.”
This is false as I have pointed out that it ONLY applies
to designated “unfriendly” nations.
I will not address the remaining claims as they are also
based upon false premises.
I failed to realize your reference to plagiarism
and took on a different perspective.
Apologies for my mistake.
I must now wait to become a troll.
thereby setting an effective exchange rate at approx 82.6 rubles per dollar for "designated “unfriendly” nations."
remember when Pres Putin said , I want a list of ALL entities who have sanctioned (in any way) Russian assets, within 48 hours... so they made a naughty list,
82.6 USD to RUB or convert 82.6 US Dollar in Russian Ruble
How much is 82.6 US Dollar in Russian Ruble? - 82.6 USD to RUB (82.6 US Dollar to Russian Ruble) is 6,938.40 RUB with exchange rate 84.0000 for today. For your convenience Mconvert has online US Dollar to Russian Ruble (USD vs RUB) history chart and a table of popular currency pairs with their latest exchange rates for 82.6 USD to RUB or convert 82.6 US Dollar in Russian Ruble
How much is 82.6 US Dollar in Russian Ruble? - 82.6 USD to RUB (82.6 US Dollar to Russian Ruble) is 6,938.40 RUB with exchange rate 84.0000 for today. For your convenience Mconvert has online US Dollar to Russian Ruble (USD vs RUB) history chart and a table of popular currency pairs with their latest exchange rates for 03/29/2022
it was at about 100:1
1 USD to RUB or convert 1 US Dollar in Russian Ruble
How much is 1 US Dollar in Russian Ruble? - 1 USD to RUB (1 US Dollar to Russian Ruble) is 87.50 RUB with exchange rate 87.5000 for today. For your convenience Mconvert has online US Dollar to Russian Ruble (USD vs RUB) history chart and a table of popular currency pairs with their latest exchange rates for 03/29/2022. If you don’t feel like visiting the site every day, currency converter widget or exchange rates widget can be installed on your website in a matter of minutes. Don’t stop, there is a currency converter sidebar to your right so you can make more conversions. Enjoy!
1 US Dollar =
1 USD to RUB
1 US Dollar = 87.50 Russian Ruble
OK, as I did yesterday going by $gold price and russia's 5000rub/gram I was correct
You want to buy anything from us? Ok, we will sell to you for rubles. "ok, where do i get those" We will give you 5000 rubles for every gram of gold you sell to us for rubles.
For you? we take rubles. G7 sez, we dont like that! we arent doing that! Russia sez, ok, NP, have a nice march31/april1 and beyond. We are open for business, and we will sell to you for rubles. Have a nice day. call it whatever you want, It's "terms of sale"
Now we know why.
Reminded me of a story (late 1800s) from history when a certain British shipper started shipping coal from the US to the UK. Everyone thought he was crazy because the UK had their own coal mines. Then magically there was a huge strike among coal miners in UK and and this shipper made a fortune.
Same old tricks.
If anyone has a real source for this pls share it.
Russia is simply accepting Gold (and bitcoin) for
Nat Gas and other commodities. That is the ony
announcement made. Nowhere in the searchable Net realm
is there any reference to the Ruble being directly
backed by physical gold.
Those two things are most evil things on the planet. Once gone there will be peace. Let's hope this fake fiat money is smashed once and for all and never let the moneychangers have any power again.
Putin is whipping them just as Jesus did
Russian Market(limited trading) Down
Oil Commodity(barrel) Down
Putin must be playing that super 3d chess....
CAUSE now everything is priced in fake fiat money that is crap and made from NOTHING!
Later exchange rate to gold can change and will..
it's the fact that fiat money is being kicked out and rightly so, as it is the evil that ruins this planet. US evil gov can send their worthless dollar to overthrow governments and sew their transgender and abortion and evil crap... Putin wants to put the stake in the heart of the anti Christ US Dollar.
Putin is surely doing God's work
Now if only good US citizens would rise up and get rid of the US Gov now before they get WW3 going that would be best. Overthrow them all. It is required!
Look at the other currencies of the big players, they are all very close.
Possible when this all shakes out there will be only one currency in the world.
China is a wild card as usual.
So, we open up Monday/today with this news? Something major coming?
Also, Gonzalo Lira is predicting a false flag in Ukraine (or Poland) by the end of this week (April 1st):
Now my question...does this move create a 2-tier gold system (east vs. west) and/or will it cause the paper gold market to decline to $1600 from it's current $1900ish levels?
Then the sheep will wake up to a worthless bank account and be like “what just happened”? Russia will be blamed and on it goes. Only with mass rioting and lawlessness.
See the post below by mominator and
"The Central Bank of Russia... intends to start
buying physical gold from Russian banks at a
fixed price from Monday, creating a sort of
new gold standard."
The benchmark MOEX index slid 2.2% after the Moscow Exchange reopened for all of its several hundred listed companies, but with restrictions still in place to limit volatility. State-owned energy giant Gazprom fell 3.7%, while airline Aeroflot was up 3%.The last full trading session in Moscow was on Feb. 25, a day after the index tumbled by a third after President Vladimir Putin ordered the invasion of Ukraine.
Prices whipsawed last week when the exchange tentatively reopened for two days of limited trading, with investors allowed to trade only 33 of the MOEX index's 50 companies.
Some restrictions remained in place Monday to prevent another big selloff, including the daily session shortened to four hours and a ban on short-selling, which essentially involves betting on stock prices to go down.
Foreigners also are unable to sell shares until Friday — a restriction Russia put in place to counter Western sanctions against its financial system and the ruble, which has been sharply devalued.
The stocks have already been purchased and the Russian companies already have that money correct?
If all the Russian stocks go to zero what's the difference? Like when Lehman went under, their stocks went to zero but they kept all the investor's money right? Same for GM, all those investors got shafted.
And there are many other examples.
I have prayed for months where to ride this out thats why I put out applications all over America. I prayed that where ever he wanted me even I would see his plan. I see it but now my wife's mom's not going to last a couple months if she's lucky. I sent her with our money and if I have to ill hitch to Seattle.
Three of my grandsons have relocated to Alaska for good paying maintenance jobs. Email me directly if you would like the employment info. The guys are based in Seward, AK but occasionally travel to the 48. Best of luck, Rivka
Ive lived up there and w summer coming its a good time but its a bad place to be unemployed come winter
God's faithful messenger still preaches though no one hears. I thank God for people like you who cry out even in the wilderness; even when bearing reproach.
It’s 1:30 EST and I feel better than this morning. But man...
Who else found it funny that the G7 called foul on the rubles for gas and oil! Lmao they said “you’re breaking the contract”! Ahahaha
Russia responded: we aren’t a charity. Basically suck eggs (or rocks cause there won’t be any eggs left).
I do a lot of plumbing work and a decade ago or so when copper prices were going crazy our local plumbing supply house had their copper prices tied directly to the commodity price and the copper tube in the store would fluctuate hourly. I was crazy!
So you will have to do the same.
That being said you just have to do the math and act accordingly.
The faster the world changes, the faster you have to change with it, especially if you are a business owner.
although you are worth 10x that.
The rest of NATO etc needs Russian stuff.
It is the "power dependence" issue.
Power is based on dependence. No dependence, no power.
I think Russia is in a position of power because all the west has is BS. The west and NATO needs Russia. PS Russia has the means to defend its self.
Europe and the US/NATO have been paying their sworn enemy Russia a billion dollars a day for fuel and it has driven them mad.
They aim to get control of Russia's $70+ Trillion dollars worth of oil and mineral reserves and this little war in Ukraine is only the beginning.
This is a winner take all death match.
₽160000 (pinned ₽ value, 1 oz) / $1937 (todays $ value, 1oz)
The conversion rate of Rubles to U.S. Dollars IS 82.6 Rubles, to each US Dollar. BASED ON GOLD PRICE equivalent
"COMMODITY BASED PRICING"
then apply that to anything- oil?
if it takes $110 to buy a barrel, then it takes $9086 to buy same. by gold value equivalent.
now then, where this goes, is going to be interesting. this is just for starters, today. ₽ is pinned to physical gold; $ is pinned to... oil? nothing? and what's THAT a standard of?
if it takes $110 to buy a barrel, then it takes ₽9086 to buy same. by gold value equivalent. (gotta keep UNITS straight!)
i'll just be quiet and listen!
Russia simply says: We aren’t a charity. Basically tough shit, but this is how we are rolling if you want to buy from us.
Now what G7? You gonna make Russia?
Goodbye euro. Farewell dollar.
“It’s been real. It’s been great. It just hasn’t been real great!”
Imagine that. The breaker of contracts is crying over someone beating them at their own game and rules.
But there is a very large and important group of Dollar-holding nations who have tenuous relationships with the West, particularly with the U.S. These include China, India, Brazil, and much of the Mideast, most notably lately, Saudi Arabia and the UAE. We're talking around $2 Trillion Dollars of money that may be repatriated. That is, they will sell their Treasury bonds PLUS all the commercial bonds they hold, lest we in the West decide to freeze or seize them a la Canada's Trudeau or America's Biden.
This sale will of course be a fire sale, because everybody of substance will be selling quickly, and these nations will lose a lot of value. But what is the value of a frozen asset ? Anything is better than zero. This loss can be largely neutralized by these nations, however, if they immediately announce a tie to gold as well. It is suspected that China and India, especially, have enough gold to do this at least partially, and we do not know about the very private Saudi kingdom. The U.S., by contrast, says they have 8000 tonnes, but refuse to allow an audit, and it is surmised that is because the gold has been re-titled, possibly several times over, as the Fed has PRESUMED an audit would never be necessary on the "sound" Dollar. The idea was that we would always have enough economic power to say, "No !". Maybe not anymore.
Those who say there is not enough gold to convert a large economy to a gold-backed currency can't understand that the gold then represents the currency, and sets its value. If a country is heavily indebted, then the value of its currency becomes the debt + circulating cash nominal value divided by the number of ounces of Gold. So, say in the U.S. we actually HAD 8000 tonnes, then our total debt load would make Gold's value in Dollars somewhere in the range of $50 -100,000/tr. oz. That becomes the value of the Dollar, and there is then enough Gold to go around. "That's a huge, unworkable value !", you say, but that is simply the value aggregated from all the money that was created out of thin air by banks and the government since 1913.
Yeah, it's going to make us poor as tinkers cash-wise; and paper-wealth-wise. Those who hold wealth and productive assets few enough to defend will still have the wealth and assets they started with. Any undefensible real wealth and assets will of course be seized by the same thefts as Russia and the Canadian truckers just experienced.
A conversion to real wealth as money is a hard concept to explain. I hope I was at least somewhat clear.
WHAT AND HOW IS A CONVERSION RATE DETERMINED AND ESTABLISHED. Perhaps you can explain. So ok, even for a hypothetical universal gold standard, who and what sets the standard?
I revert to the recommendation to put one's value in non-fakeable wealth and productive assets. Ammo, if stored right, lasts many years.
This little gem of a remark shows that in all it's glory.
What do you suppose I would offer Amazon Web Services to pay the $2500-$3,000 web hosting bill this month, if not dollars?
What do you suppose I could offer WBCQ, WRMI and KYAH as payment for their air time other than dollars.
Simpletons like you make comments without thinking. It's getting tiresome.
Clearly you are simply attempting to get the greatest number of downvotes. It must give you a dopamine high.
So I am just wondering what you high score (that is to say low score) to date is.
You bring a different perspective to the table and I enjoy reading your comments when they are of value to the conversation. Having an open mind during times of uncertainty and looking at different views helps to define what is actually going on.
But lately, you have been combative and outright hostile. I understand it is hard when people don't see things the way you do. But I hope you realize that the people on this site, Hal especially, aren't your enemy. We need to support each other because the vast majority of these events are out of our control.
Pizza sucks, I hate pizza, it's overpriced and I don't like cheese or sauce....can I have some pizza please?
We need to be sober about it and less "Hollywood" and internet armchair warrior-minded. YMMV and again, God forbid.
You don't know what you don't know.
Most of what will get you and your loved ones killed has nothing to do with your hardware collection. Your own lack of knowledge, lack of skills, and potentially fatal misconceptions are a far bigger threat than anything external.
First Rule of Gunfighting: Avoid a Gunfight
As a rule, the more experienced a shooter, the less he wants to find himself in a gunfight.
Said another way:
"A superior gunfighter uses his superior judgment to avoid situations which require the use of his superior skill."
Remember David and Uriah?…Front of the line
In order to balance supply and demand in the domestic precious metals market, the Bank of Russia will buy gold from credit institutions at a fixed price from March 28, 2022. The price from March 28 to June 30, 2022 inclusive will be 5,000 rubles per 1 gram. The established price level makes it possible to ensure a stable supply of gold and the smooth functioning of the gold mining industry in the current year. After the specified period, the purchase price of gold can be adjusted taking into account the emerging balance of supply and demand in the domestic market.
When using the material, a reference to the Press Service of the Bank of Russia is obligatory.
For the normal human beings gold has very little use in their lives other than a few micrograms in their electronic devices.
But everyone loves shiny things just like the fish.
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere the ceremony of innocence is lost
The best lack all conviction, while the worst are filled with passionate intensity. Yeats
If this happens, I say it’s because they want not just Americans killed by Russian nukes, but a bunch of illegal immigrants too!
Pretty sick these evil bastards.
What I mean by the title is this: when the Border Patrol is in Ukraine, someone slips across the border with a "suitcase weapon". You know what I mean. Where would they go? Preferred targets would be the seat of government, the seat of finance, or the seat of entertainment - maybe all three in a trifecta if three suitcases are available. If the materials came from our country, no radioisotope fingerprints to be found. BTW, Russia sold its stake in Uranium One prior to the Ukraine operation. BTW, Gen. Alexander Lebed said some of their suitcase weapons were missing - later he died in a helicopter crash in Siberia. Putin later said all had been found - some have been given to the KGB. Of course, someone with a highly contagious, weaponized version of something like Ebola virus could also waltz across that border. The question I have is would the attack come from domestic or foreign sources? I fear it has gotten THAT bad.
It is the LORD himself who is filling us up with men who will eventually rise up and attack us:
The LORD of hosts hath sworn by himself, saying, Surely I will fill thee with men, as with caterpillers; and they shall lift up a shout against thee. (Jer 51:14)
Bible prophecy happening before our very eyes. Amazing.
Since none of us have been here before, this is a new situation to wrap one's head around, and i dont think anyone has a handle on how it works,,,yet...but we will, im afraid we are going to, real well...
Russell 2000 Futures
If you can't touch it, you don't own it
I know my brain understood that, I hope others can.
If you still have $s then buy physical gold/silver so you will have something of value to barter with for you needs after the financial collapse.
Those who do not live near a metals dealer can often find silver and gold coins in local pawn shops or jewelry stores. Remember, the price you will have to pay for metals will be higher than spot - something called a 'Premium' is added on which is a fee that basically fluctuates based on supply and demand. As supply goes down and demand goes up the Premiums will get higher and higher...
So, how it is today, is how it has been and always will be?? So if this isnt a BOMB, it means nothing? Our petrol dollar just got euchred.... now the process begins, like a snake bite... a country with 1/3 of the globe's resources, just, for the first time, backed their currency, with GOLD.... meanwhile a country that's been sold out from within, with treachery like a cancer in the bones, just got done printing 80% of its "script" in existence, over the last 2 years... and the world didnt BLOW UP on the morning of the 28th, so all is well for the formerly great disneyland country... a setting sun... go out to eat at an oceanfront restaurant, moon reflecting on the water (we used to do this in FL alot) enjoy the evening, "ah nice! I wonder what the poor people are doing?" Peaceful, aint it? Folks, things are not ok.
We have entered the gray area for the U.S. and its Dollar, 28 March 2022. That would be the question hanging over the currency: is it worth anything, or not ? That's not acceptable for a reserve currency, as the UK found out as it lost reserve status.
Our banks and their handmaidens the Government will now do all manner of desperate actions to try to return to the illusion of being "a rich country", and they will only be partially successful, but at the cost of even more world stability and deaths. Maybe a Central Bank Digital Currency will be rolled out. It will not take long for its lack of value to also be exposed. It will begin to dawn on Western peoples that only goods ( i.e., wealth ) gives a currency value to the point it can be called money. Therefore, after a few months, the confidence game that fiat currencies have been all along will be finally over, done for. All of it will collapse and be abandoned. Then we leave the gray area for even worse.
I know all of this is nearly unthinkable to the Western mind, conditioned to believe the constant confidence game sales pitch we have known all our lives.
In my opinion, it would be wise to at least hedge some discretionary cash into assets which can produce wealth; even cottage industry assets on a small scale. Right now the Dollar can still buy some of those, but we are seeing that ability disappear rapidly, as anyone who has tried to buy productive assets made overseas has found out in the last few months.
Germany backed into a corner by Putin's trick – value of ruble spiked after announcement
VLADIMIR PUTIN has backed Germany into a corner after demanding payment in rubles for gas bought by "unfriendly" countries.
By Jon King
17:28, Thu, Mar 24, 2022 | UPDATED: 20:17, Thu, Mar 24, 2022
Putin said the government and central bank had one week to come up with a solution over how to move operations into the Russian currency and that gas giant Gazprom would be ordered to make corresponding changes to contracts.
However, with major banks reluctant to trade in Russian assets, some Russian gas buyers in the EU were not immediately able to say how they might pay for gas in the future.
“The Bank of Russia will start buying gold from credit institutions at a fixed price from March 28, 2022 in order to balance supply and demand in the domestic precious metals market. From March 28 to June 30, 2022 inclusive, the price will be 5,000 RUB per 1 gram . The set price level makes it possible to ensure a stable supply of gold and the uninterrupted functioning of the gold mining industry in the current year. After this period, the gold purchase price can be adjusted taking into account the emerging balance between supply and demand on the domestic market.”
Interesting: The purchase price of 5,000 rubles per gram corresponds to around 50 dollars per gram or around 1,600 dollars per troy ounce at the current exchange rates. The price is thus well below the current world market price of $1,960 per ounce. However, if 5,000 rubles per gram corresponds to the market price, the sale would be worthwhile for Russian banks and would result in further appreciation of the ruble against the dollar or the euro.
mominator's referenced article states:
"...the Russian central bank is forcing further gold purchases at a fixed rate. Last but not least, this could also increase the value of the ruble."
"The Central Bank of Russia... intends to start
buying physical gold from Russian banks at a
fixed price from Monday, creating a sort of
new gold standard.
"...the central bank is increasing its gold reserves. That could further weaken the US dollar..."
The Ruble is not backed by gold after all.
G7 Ministers Reject "Unacceptable" Demand To Pay For Gas In Rubles
Kremlin Threatens To Halt Supplies
Earlier Monday German Economy Minister Robert Habeck
said from Berlin that the Kremlin demand for natural gas
contracts to be paid in rubles is a "one-sided and clear
breach of contracts"
"That means that a payment in rubles is not acceptable
and we urge the relevant companies not to comply with
Putin’s demand," Habeck said.
He does not believe it has taken place ... in buying silver rounds ... out 2 weeks as of last week plus the normal delay ...
Some do not believe that other countries agree to trade in their own currency dropping the dollar ...
They will continue to wear the mask and starve ... blaming everyone else for their head you know where ...
31.103 × 5000= 155,515 rubles to Troy ounce
155,515 = $1537.85 ÷ 1928 = .7976
Still a 20.24% drop in the dollar!
This is a very common error seen in the newspapers.
There are 12 troy ounces consisting of 31.1 grams each per troy pound.
It does not matter if you don't like him - he is showing that he is one smart cookie.
If Trump makes it back in, the USA will have to follow suit - otherwise look for hyperinflation like Venezuela had or the Weimar Republic in 1920s Germany.
America got "Art of the Dealed."
Also when the dollar is repudiated by the world all those bastards that sold us out for dollars will be as poor as the bum's living under the bridges. We are about to experience a world of hurt. No imports:Medication's, parts for machinery, clothes, food, computer chips and on and on... We will be like Zimbabwe but with nukes.
There is a price to pay for turning away from God and flaunting his rules. Murdering 65-100 million babies kind of makes God angry. That innocent blood cry's out to the Lord for justice. When a country is run by satanic pedophiles that country will not last long till it pays for it's crime's. So all you tough manly guys out there that scream about your sports team, but know nothing what your leaders have been doing in your name. Look in the mirror to see the reason why everything is going to hell, you couldn't be bothered with politics to hold people to account. Well when your children are starving you can tell them all about the team you worship and maybe that will fill their empty belly's. I am so angry at the men of America abrogating their responsibility's, If I saw you on fire I wouldn't walk across the street to piss on you to put you out. We are all going to get dragged into the great hungry darkness together and I hope you are happy with your selves.
"Lord forgive us for our sins and have mercy on all of your faithful children."
That means you can buy crude for $50.00 a barrel in Russia and turn around and sell it around the world for $110.00 dollars a barrel today.
Seems like someone could make a lot of money on the deal.
Where are the Super Tankers?
There are 32.1035 grams per ozt.
Currently 1 Ruble = 0.0098 USD
The ruble to gold fix works out to USD 1,525 /ozt.
Gold spot price is currently USD 1,943 /ozt.
Hmm. It's cheaper to buy gold in Rubles, for now. I wonder what the fees for converting USD to Rubles are?
The demilitarization of Ukraine.
The US Federal Reserve Note was never really backed by
oil. It was backed by the US military with bullets.
Through time Muammar Quadaffi and others found out.
Even with the difference in grams between the two, the troy ounce of gold in Rubles is still much less expensive than the one in Dollars.
In general terms, Hal's analysis still holds.
#2. Gee, his sure isn't on CNN
#3. VICTORIA NULAND has joined the Pope
in shitting herself.
1 gram of gold = 5000 rubles
1 ruble = 1 US penny x 5000 = $50.00 US
Oil is now $110.00 USD per barrel
Russia will set it at an equivalent of $50.00 per barrel .
Is that right?
Wow this is confusing!
What happens if China and the other BRICS nations
follow suit with their currencies?
Snow balls always get larger as they roll down the mountain side.
Joe did that?
this week. Boy ,, Bathhouse Barry and
Dementia Joe have screwed this country
up worse than an 8 day clock
But Daylight Savings time is a powerful psychological tool for the government, it tells everyone that they control when the Sun rises and sets, they control when you wake up and when you go to work. It essentially makes them like god.
At 5,000 Rubles per gram, that's 155,500 Rubles per troy ounce. If the exchange rate per U.S. Dollar is 100.90, that comes out to $1,541 Dollars per Troy Ounce.
The price Hal quotes for 1 Ounce of gold is $1,928 in U.S. Dollars.
It is $387 Dollars less expensive to buy 1 ounce in Rubles than in Dollars.
In other words, you don't have to buy very many troy ounces of gold in Rubles to get one more than you would if using U.S. Dollars.
Except for the (important) detail that you mention, how is Hal's article essentially wrong?
and just russia, iran, NK, and china, +-india represent way more military conventionally or nuke power than the NATO side. and still seeing our c17's flying in to gibraltar and algeria just flew a diplomatic plane around nato to moscow. not sure what thats about but guessing naval obstruction at the straights
That's still $387 per ounce less than the price in Dollars.
All shooting wars are preceded by economic wars.
When the Russians see this stuff what do you think their reaction will be? This war just went to a whole new level X10. Shit is going to get fast and deep really fast now. I’m not the kind of guy that scares easy…..but this scares me
YOU THINK MAKE MUTILATION IS WORSE?
Have you seen what some of these bastards do to kids? Women? I have. And I have worked clinically with the mothereffers that do it.
Spare me the reaction to big bad soldiers being mutilated.
Happens every damn day and where is the outrage?
When Zi was a kid our neighbor guy was raping his daughters regularly. He had beaten and driven mom insane….she was in a psych hospital.
Kids had enough.
Tricked him and got him to agree to blindfold
Shot his nuts @nd dick off.
Bled to death.
Since you have undergone advanced studies in psychology, you surely recognise this yourself.
If somebody has a diffferent angle on something, why not share it?