I want to start with a simple comparison.
Imagine a room with 3 exits. Water comes in from a door, lots of water. You try to put the room under water. You turn the water on more and more.
What is Russia doing now? You open the other two doors and the water can never flood the room.
India and China gratefully accept the water and Russia also gratefully passes it on, even with discounts. India and China gratefully accept the water and Russia also gratefully passes it on, even with discounts.
I think the whole thing can easily boomerang because western fiat money will not have it easy if the east no longer does its business in dollars. Is this good for precious metals? I guess so . It can't hurt to have a well-positioned portfolio in gold and silver stocks.
