Is Russia Planning A Gold-Based Currency?

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Is Russia Planning A Gold-Based Currency?

Zero Hedge - Submitted by Marcia Christoff-Kurapovna via The Mises Institute,

The "perfect-storm" of geopolitical instability, diplomatic isolation, severe currency depreciation, and economic decline now confronting Russia has profoundly damaged Moscow's international standing, and possibly for the long-term. Yet, it is precisely such conditions that may push the country's leadership into taking the radical step that will secure its world-player status once and for all: the adoption of a gold-exchange standard.

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