[sten]

There will be zero impact on the Russian ruble.

Why? Because it’s now pegged to gold.

5000 rubles == 1 gram

[Navy Patriot]

There will be zero impact on the Russian ruble. Why? Because it’s now pegged to gold.

That dastardly Putin, how could he stoop so low as to use a Capitalistic, Free Market, Currency Stabilizing, Economy Stabilizing Policy like that?

And Me, with my savings in US Dollars, I'm So Screwed.

[BiglyCommentary]

“There will be zero impact on the Russian ruble.”

Go look at a long term gold chart - wild swings from high to low.

Gold was $1100 in 2011 and 10 years later was 2000. And that is common. So the ruble peg to gold be disastrous the next time gold goes down in price in dollars. Yuan are pegged to dollars. Russians will be getting slaughtered on their China buys.