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Ronan Manly: Russian ruble is relaunched linked to gold and commodities
1:48p ET Friday, April 1, 2022
Dear Friend of GATA and Gold:
The Russian central bank's setting a fixed price for gold in rubles puts a floor under the gold price worldwide, Bullion Star researcher Ronan Manly writes today. Russia's insistence on payment for gas and oil, he adds, will link their prices to gold.
These events, Manly concludes, may lead to increased demand for physical gold, blowups in the paper gold markets, a revalued gold price, a shift away from the U.S. dollar, and increased bilateral trade in commodities among non-Western counties in currencies other than the U.S. dollar.
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Manly's analysis is headlined "Russian Ruble Relaunched Linked to Gold and Commodities" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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