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This interview was filmed on March 30, 2022.
Russia’s central bank recently turned heads with the news that it has started buying gold from banks again, setting a price of 5,000 rubles per gram.
Nate Fisher, blogger, researcher and metals analyst at RenaissanceMen.org, has delved into this situation, honing in on how it relates to Russia’s comments that “unfriendly nations” must pay in rubles or gold if they want to purchase oil.
“Right now I’m waiting to see in the headlines over the next couple of weeks if anyone actually does buy (oil) in grams of gold — and if that does happen, what is the value, and what will that effectively turn the gold value to?” he explained.
#Investing #Gold #Oil
0:00 – Intro
0:19 – Has Russia backed the ruble to gold?
2:20 – Gold standard vs. current situation
5:49 – Who will pay in rubles? Who will pay in gold?
8:10 – Supply chain security coming into focus
12:42 – US dollar outlook as commodities rise
15:03 – Next catalysts Nate is watching for
20:32 – Keep big picture in mind as well as risks
21:47 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.