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?
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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?