Loading ...RUSSIAN RUBLE
LIVE CHART
https://www.investing.com/currencies/usd-rub
As I understand It The lower the Ruble against the Dollar goes the stronger the Ruble ( and therefore Gold) becomes ( takes fewer Ruble to buy a Dollar)
“THE RUSSIAN CENTRAL BANK WILL RESTART BUYING GOLD FROM BANKS AND WILL PAY A FIXED PRICE OF 5,000 ROUBLES PER GRAM BETWEEN MARCH 28 AND JUNE 30”
RUB5000 to the ounce at an exchange rate of 100 RUB/USD implies a $1550 per ounce gold price
Present price
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Holy molars. They are smart. How do we get in on that deal? Anyone, I swear I will pay $1600, much better than a central bank. Any takers?
Didn’t think so.
I wonder how long the arbitrage lasts. Sheesh
RUSSIAN CENTRAL BANK WILL RESTART BUYING GOLD FROM BANKS AND WILL PAY A FIXED PRICE OF 5,000 ROUBLES PER GRAM
doing the math 5000 Rubles per gram X 31.1 grams per ounce =155,500 Rubles per ounce. 95.78 Rubles = !.0 USD so 155500/95.78 = $1623.50 per ounce