Dear Jim: Here we go... It's Official! Russia CB Announces Ruble Bound to Gold! 5000 Rubles/Gram.
Turns out that's equivalent to gold being $1,400/oz he says. Talk about destroying the dollar... CJ
"Russia just wiped out about thirty percent (30%) of the value of the US Dollar, worldwide, when it comes to Gold Bullion.
People around the world will be literally THROWING their money at the Ruble and DUMPING Dollars and EUROS to do it.
What Russia just did is the financial equivalent of detonating a nuclear bomb."