Compared to February last year, the Russian currency now has about 40% less purchase power than the Greenback. Russia and USA are in the middle of a currency war that threatens to become an armed conflict. Not even during the cold war has the "diplomatic" talk between USA and Russia been that harsh.
Even from elitist circles come ominous warnings of an acute geopolitical danger. The continuing sanctions against Russia in the process of the Ukraine-crisis hurt the Russian economy additionally. The Russian government has to take radical measures to enhance the attractiveness of the Ruble for investors. In this context a gold backing seems more probable than ever."
