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Re:The Russia Ruble is now gold-backed by neo_spike on Tuesday March 29, 2022 @08:25AM (#30841586)
Isn't Russia a major producer of gold? Couldn't they use gold they mine to help them work around these sanctions?
Re:The Russia Ruble is now gold-backed by iLemming on Tuesday March 29, 2022 @11:27AM (#30843864)
Potentially, they may struggle to sell that gold later. Russian gold has specific composition - it's relatively not that difficult to identify its provenance. What's the point of hoarding treasure if you can't sell or exchange it?