Russia just linked Ruble's value to Gold. Yet there is not a word from the likes of Elizabeth Warren about how Russia is using Gold to bypass sanctions. But everyone ran on the crypto boogeyman train. The hypocrisy is unreal

Russia's government has attempted to peg Ruble's value to gold. It has not yet announced that Ruble is backed by gold, but the Russian central bank has said it will exchange ruble with gold and vice versa for a fixed rate. This has resulted in Ruble's value stabilising, and is now above the levels before the start of its invasion.

Ruble is trading above invasion day levels.

Using Gold , they are sidestepping sanctions. Yet I cannot find any chatter of how gold is being used to side step sanctions, by the usual talking heads like Elizabeth Warren who tried to make a case that crypto could be used by Russia. She even brought out some Act in Congress agains this.. but Russia is actually using gold, and she is silent as a mouse on this issue. Does she love her gold jewellery so much that she cannot bear to see it being linked with the enemy using it for nefarious purposes?

They just want to make a worst case scenario for everything related with crypto, and are willing to disregard what is actually happening. Where is the "Protect Gold From Enemies" Act ?

Russia has not used crypto whatsoever, yet hundreds of articles and forums were keenly discussing just the possibility. In many places you couldn't reason with the mob that Russia cant use crypto given they cannot even access liquid exchanges that are all based out of the West. No one cared, everyone used it as an occasion to smear crypto.

Now that Russia's government is using gold, all of these people are silent. It is fine to use gold ,but if they use crypto then they will raise their voices? The levels of hypocrisy are off the charts.

Source for Russia central bank using Gold at a fixed rate: https://www.kitco.com/news/2022-03-28/Russia-sets-fixed-gold-price-as-it-restarts-official-bullion-purchases.html