Russian Ruble relaunched linked to Gold and Commodities

[cmm3rd]

Is there another, even more significant paradigm shift underway? This Bullionstar precious metals analyst thinks so and explains it in this Q&A article he was asked to write for the Russian RT news organization. It stems from Russia's having just linked the Ruble to gold, following its linkage of ngas (and possibly oil in the future) to the ruble. The potential ramifications for the dollar as a reserve currency, not to mention how oil is priced, are significant, to say the least.

Initial reaction: Is this Putin's calculated next move in an economic war with the U.S.? Would sure like to read the analysis of a good economist.

https://www.bullionstar.com/blogs/ronan ... /#comments

Snippet:

What are the Consequences of these Developments?

The Bank of Russia’s move to link the ruble to gold and link commodity payments to the ruble is a paradigm shift that the western media has not really yet been grasped. As the dominos fall, these events could reverberate in different ways. Increased demand for physical gold. Blowups in the paper gold markets. A revalued gold price. A shift away from the US dollar. Increased bilateral trade in commodities among non-Western counties in currencies other than the US dollar.