I am no fan of the current international monetary status quo, but as I understand this idea, the problem it faces is that traders determine the exchange values of all currencies, as well as all commodities. I'm not saying that's a good thing, but for this policy to work traders would have to support that exchange rate for rubles/dollars via the price of gold.

On the other hand, there is a way any nation could make its currency completely independent of the international monetary paradigm, shielding its economy from the influence of traders (including foreign governments). The amount of currency that would be created for the nation would be determined by the nation's own demographics--and nothing else--and (all) government could be funded (at current levels of spending) without taxes/public debt. The currency and the economy would be completely self-regulating.

if curious: "Paradigm Shift" (primarily for economists) or "Same Economy, Way Better Outcomes for Society" (here in Medium, but not behind the paywall)