Gold-backed Ruble Would Destroy Fiat Currencies | Alasdair Macleod

Russia could go to a gold-standard, says Alasdair Macleod of GoldMoney.com. A gold-backed currency would spell disaster for all paper currencies. Macleod discusses how such a move by Russia would likely impact the gold price.

Macleod's writings: https://www.goldmoney.com/research

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INTERVIEW TIMELINE:
0:00 Intro
3:00 Banking crisis
15:00 Russian gold-currency?
33:00 Gold vs fiat currency
39:40 Gold convertibility
46:48 Miles Franklin
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