Loading ...Assuming Russia has lots of Gold, priced in US Dopey/Dollars, their Gold hoards are going thru the roof. In the past 60 days Russian gold owners are up 56%. (US down 4%) They can get 56% more dollars for the gold. Then convert it back to Rubles if they want.
In the past 6 mos, their gold is up 78%. (American gold owners are down 6%) But we can buy a lot more Rubles if we want. Or a lot more Russian exports. Europe Germany etc what ever they buy from Russia, Nat gas etc will get a lot cheaper.
None of this is a coincidence what is happening. TPTB or central planners are doing a “juggling act” trying to help the weak countries. I would not be surprised if Putin is cooperating, to help Europe with cheaper energy. A pay raise for Europeans.
Remember when Obama was over heard telling a Putin Rep “I can be more cooperative after I get elected”? Or something like that? They are all friends, and sometimes make believe they are rivals.
http://www.kitco.com/gold_currency/index.html?currency=rub&timePeriod=6m&flag=gold&otherChart=no