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<p>[QUOTE=&quot;InfleXion, post: 1639099, member: 29012&quot;]The Ruble has the highest positive real interest rates of any currency in the world (gold not included). If it were the only currency the gold price would be dropping. So if the Ruble is truly treading water it has to either be because the currencies it is being compared against are overvalued or the Ruble is undervalued.&nbsp;&nbsp; </p><p><br /></p><p>This would not be impacted by their gold buying however unless they initiate a gold standard. At that time the currency will be stronger than it would have been had they not bought the gold, but for now it&#039;s irrelevant to the currency. Rubles are the best currency play IMO due to positive real interest rates which are the sole indicator I look at for PM investment, notwithstanding digital currencies which are high risk/reward and I wouldn&#039;t touch them unless I had a need to use them.&nbsp;&nbsp; </p><p><br /></p><p>Of course the USD as the world reserve currency of which the majority is held outside the united states is immune to inflation on the dollars outside the US so the value of the USD is grossly overvalued compared to what it would be if it were not the world reserve currency. If at some point it is no longer the reserve currency all that prior immunity will disappear and the diverted inflation will suddenly hit the deck.[/QUOTE]</p><p><br /></p>

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