Russia's central bank sold 62 tons of gold over ten months, cutting reserves to 72.8 million ounces to cover a doubled 7.3 trillion ruble budget deficit.
Afaik countries planing for war fill their gold reserves in order to stay liquid even if their they’re blocked/sanctioned by others… cause you’ll always find someone willing to buy gold.
That’s also the reason China enlarging their gold reserves makes Taiwan nervous.
Afaik countries planing for war fill their gold reserves in order to stay liquid even if
theirthey’re blocked/sanctioned by others… cause you’ll always find someone willing to buy gold.That’s also the reason China enlarging their gold reserves makes Taiwan nervous.