I am sure some of you have been paying attention to russian demands that NG exports be paid for in rubles
What do you think will happen to price of
russian commodities,
ruble value
price of gold
price of oil
Any other thoughts
The article that made the most sense to me was - buyers of russian energy may be in a scramble to buy gold as the russian bank is willing to buy gold at approx 1940 USD at todays values for rubles. In other words to get rubles [unless you have lots of rubles which few if any do] you need gold to buy rubles to pay for NG
There are other possibilities which you may have some thoughts, such as not buying russian NG. But I leave that to you to think about
And by the way, the petro dollar may be no more. Not for sure, just maybe
Can the world go with out russian energy. Will India and china buy energy from russia??
Lots to think about, especially if you are Germany
Wonderful thoughts Wayne!