Looks like the Ruble has climbed a couple more against the Almighty Fiat Dolla to 52.83 RUB to $1.00 today.
I see the Ruble gaining against the western currencies on most days. Now the U.S. dollar will buy way less than half the Rubles it would in March. Does this mean the Ruble will buy over twice as much gold on the international market as it would in March? It is easy to see that China and India are not playing the sanctions game and are teaming up with Russia. They have gold to sell and aren't squeamish about taking Rubles.
Patriotism (and religion) is the last refuge of a scoundrel.
