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<p>[QUOTE=&quot;desertgem, post: 2019107, member: 15199&quot;]The Russian Ruble was disconnected from the USD and Euro as Russia&#039;s central bank reserves have decreased from over 500 billion to just 400 million today. Big troubles ahead for the Russian citizens. The question is how much, if any, of the reserves was gold. It is interesting that a certain gold guru issued a prediction of $975 before a leveling off. The article tells the rest. The ruble fell from 32 R / 1 USD&nbsp;&nbsp; in Jan. to 48 per dollar yesterday.</p><p><br /></p><p>Next year Russia has to pay 100 billion in hard currency debts. They are hoping the exchange ratio goes more favorable by then, but have many factors that could make it much worse if they happen.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><a href="https://news.yahoo.com/russia-allows-free-float-ruble-markets-100311279--finance.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://news.yahoo.com/russia-allows-free-float-ruble-markets-100311279--finance.html" rel="nofollow">https://news.yahoo.com/russia-allows-free-float-ruble-markets-100311279--finance.html</a>[/QUOTE]</p><p><br /></p>

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