OK. Time for a reality check. Pegging the ruble to gold will not have any affect on the dollar as a reserve currency. Reserve status is based on the quality of a country’s debt. Debt spelled backwards is investment and no one in their right mind wants to invest in anything denominated in rubles and protected by the Russian court system.
“Reserve status is based on the quality of a country’s debt.”
True—but the value of US debt is on a steady decline—and the rest of the world is starting to pay attention.