Gold-backed ruble could be a game-changer (INTERVIEW)

The Bank of Russia

Linking the currency to gold and energy is a paradigm shift for the global economy, a precious metals analyst tells RT .

The Bank of Russia has resumed gold purchases this week, but more importantly, the regulator is doing so at a fixed price of 5,000 rubles ($59) per 1 gram between March 28 and June 30, raising the possibility of Russia returning to the gold standard for the first time in over a century.

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