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Dollar Dominance: Russia, Iran Eye Gold-Backed Stablecoin for Foreign Trade

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Russia and Iran are working together to launch a cryptocurrency backed by gold, Vedmosti reported. The stablecoin could replace the US dollar for payments if Russia legalizes crypto in crossborder trade. A “de-dollarization” trend has already begun as the greenback’s dominance makes purchases more expensive. Russia and Iran are working together to launch a cryptocurrency backed […]

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“Gold is a Stagflation-Fighting Asset”

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Stagflation is Now the Consensus Expectation of Asset Managers for 2023 “Bridgewater Associates is the world’s largest hedge fund. Bridgewater’s chief investment strategist, Rebecca Patterson, is another of the voices saying that stagflation will be the economy’s base case through at least the near term. That’s not all she’s been saying, however. Patterson also has

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By Pegging Gold to the Ruble, Russia Has Just Wiped Out the Dollar’s Clout from the World Markets

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Russian puts the ruble on the gold standard. This move to encourage domestic gold inflows to the Russian Central Bank. How Russia has weaponized its gas trade with Europe to strengthen its currency? Russia to declare the ruble as a substitute for Gold. Trump said that Putin is a really smart leader. Well, he said

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