This will be a difficult post for me to write because I am not an expert in these things. So please be patient with me and correct me if I get something wrong. Recently Russia just pegged the ruble to the price of gold making it the first gold backed currency in our lifetime!
THE RUSSIAN CENTRAL BANK WILL RESTART BUYING GOLD FROM BANKS AND WILL PAY A FIXED PRICE OF 5,000 ROUBLES PER GRAM BETWEEN MARCH 28 AND JUNE 30
This has gone largely unnoticed or ignored because it doesn’t really change anything right now. But what it does is create an unyielding bond between commodities like gold, oil and silver and virtually all other commodities and the ruble as a currency. So it creates the first global currency tied to commodities and tangible assets. It also creates a global environment for other countries to do the same thing with their own currencies as they also link their own currencies to gold.
The current global financial market is based upon the US dollar and Euro as reserve currencies which means all other countries are forced to trade in US dollars or Euros because their own currencies are considered too unstable. The thing is that the US dollar and Eu are not based upon anything except the reputation of the countries involved. They are simply printed money without tangible backing and easily manipulated and controlled by the central bankers. Fractional reserve banking compounds the problem by creating fiat money out of thin air. It gets too complicated but essentially it is a Ponzi scheme that creates unfair advantages for rich bankers and financiers.
Likewise the stock market is made of transactions in paper or electronically done through speculation and not based upon physical commodities themselves. For example a friend of mine says he has invested in gold online and it is held for him in some holding company but he doesn’t have the physical gold in his home. He has “Paper Gold!”
My limited understanding of things is that in some way the pegging of national currencies to physical gold will “destroy” the “Paper Gold” market because these markets will not be able to fulfill their obligations. This in part because of the fractional reserve banking system. Pegging a national currency to physical gold or any commodity will forcibly eliminate the illusionary “paper” commodities which are created out of thin air. Essentially what it does is “ground” the entire market and that’s a good thing!
It takes two very separate systems (the commodities and stock market) and forcibly binds them together so that they can’t be as manipulated while also allowing individual nations to buy and sell in their own currencies. Essentially this makes it impossible for one country to “sanction” another country as we are currently seeing with Russia and the unilateral sanctions that have been placed upon it. This mean free trade in the truest sense of the term!
Ultimately the country that has natural resources and physical commodities holds the control! We are currently seeing this with Russia telling the western world that it must pay in rubles for its natural gas and oil. Or it can pay in gold or even Bitcoin! Europe has no choice. It needs the natural gas and oil so it must pay in rubles. That is the bottom line and it shows the entire world how the entire western banking system is based upon “nothing”! The entire western financial system is based upon debt while the gold ruble system is based upon having actual physical gold and other natural resources! One is based upon scarcity and the other is based upon prosperity!
Now what happens is that the price of gold and other commodities around the world need to sync with the price of the ruble ( and any other gold backed national currencies that will soon appear) and that will act to further stabilize it. Essentially it gets rid of all the speculative “paper” commodities and forces the market place to deal with “real” tangible products and resources. In short it forces the market to become “fair” for everyone and not just for the rich.
Basically the gold ruble destroys the idea of a “reserve currency” and also destroys the idea of “sanctions” against individual countries because there will always be more than one way to buy and sell things!
The United States and European countries have abused the global financial system by politicizing it. That is about to stop! A multi-polar global financial system is being created right before our eyes. But of course, it has been planned for a very long time!
Anarchistbanjo's World 
In a museum, years ago, there were some gold Roman coins, and the value of them were written, as for example, how many litres of wine, or kg of beef. And there were also how much of those coins a carpenter or stone builder can earn in a day.
To my astonishment the purchasing power of those carpenter was almost similar of todays, in terms of how much of a food they can get with their daily income. Even though hundreds of years and also a few levels of world industrialization past in between that tremendously reduced the cost of producing those things!!!
Seems like some things never change!
For those metaphysically enabled, we are living inside a black hole vortex, where bankers control the curvature according societal progress so that excess value is sucked off inflationary onto their accounts. Without that, we’d be living in deflationary economy where prices are falling. There’d be no business, only intent-based investments into lifestyle. On the good side, this would be very green as consumers would only buy what they need