Here's What Happens To Silver When Russia Moves To A Gold Ruble

By Chris Marcus, Rafi Farber of Arcadia Economics

Apr 3, 2022 at 6:00 PM EDT

Russia is moving to make the ruble convertible to gold. Once this is done, the bottom will drop out of the dollar and the public will panic-buy silver.

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Russia is quickly moving to make the ruble convertible to gold. Once this move is complete, the bottom will drop out of the dollar and the public will panic-buy silver. History has clearly shown that every time confidence is lost in paper money, the gold to silver ratio descends to its old monetary ratio of 15:1. It will do so again.

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