[numberonepal]

💥 BQQQQQQQM 💥 - Russia returns to gold standard - Government to abolish VAT (tax) on bullion. This bill will be submitted to the State Duma on March 4.
https://twitter.com/_pagupagu/status/1499449237712560137

[thinden]

oui oui

exceptionnel

[reed13k]

I could easily see the US eventually pegging the dollar to $2000/oz gold and $25/oz silver. It wouldn’t even be a hard idea to get across to people.

I think personally based on historical data it should be $100/oz silver...but given recent rates (manipulated, but psychologically instilled) $25 would fit.

Throw in $5 (around $4.90 now) copper and you’ve got yourself a decent currency base

So at $2000/$100/$5 you’ve got 3 coins with a decent value and the delta could be used by the US to pay down the debt owed the fed without them complaining and then we abolish the fed.....hmmmm

[Chuckster]

Russia returns to gold standard

That would explain the run-up to $1966 per oz. we saw this AM. This is excellent news!