I don’t think everyone has yet caught the significance of Russia announcing they are putting a floor under the price of gold.  But, to be clear, Russia just broke the paper gold suppression scheme. On Friday the Bank of Russia announced: RUB5000 to the gram at an exchange rate of 100 RUB/USD implies a $1550 … Continue reading #GotGoldorRubles? Russia Just Broke the Back of the West