Horizontal line is the current price which the state of russia has declared that they will purchase essentially infinite gold using roubles. This chart should suffice to prove over time where the price of gold is in relation and whether that deal is ongoing or has ceased.
I think this is not a true peg, or a gold backing as some have declared, but actually a limit order for a near infinite amount of gold at 5000 rub per gram. I will not be buying either gold or roubles, but I am interested in this and would like to publish it so I and others can see how it goes as time progresses.
I think this is not a true peg, or a gold backing as some have declared, but actually a limit order for a near infinite amount of gold at 5000 rub per gram. I will not be buying either gold or roubles, but I am interested in this and would like to publish it so I and others can see how it goes as time progresses.
