Did Russia Just Go On A Gold Standard?

Nima & Dylan discuss the Russian government's recent announcements regarding gold purchases and ruble payments for oil exports.

Notes:

• Russian cenbank to restart buying gold from banks, will pay fixed price from March 28 https://www.reuters.com/business/finance/russian-cenbank-restart-buying-gold-banks-will-pay-fixed-price-march-28-2022-03-25/
• NeonRevolt gab regarding Russian gold policy https://gab.com/NeonRevolt/posts/108026435751497428
• US industry capacity utilization https://fred.stlouisfed.org/series/TCU
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