In an interview, the analyst said he hopes and believes that a diplomatic solution to the conflict will be found to prevent further bloodshed. He also believes that the Russian president underestimated the impact of his actions on the country's economy. Therefore, most likely, Russia will not be able to afford military action for a long period of time.
However, according to Rule, it is possible that Russia will use its vast gold reserves and exchange them for the Chinese yuan to make purchases or pay bills. That will not be changed by a US bill imposing secondary sanctions on all US companies that knowingly trade gold from the vaults of the Russian Central Bank, transport it or sell it physically or electronically in Russia.
A gold expert suggests that the price of the yellow precious metal will double or triple in the next five years. This estimate is based, among other things, on his belief that the purchasing power of the US dollar will decline rapidly during this period.