(re)monetization of gold is already in progress
Illya Gerasymchuk
(re)monetization of gold is already in progress
central banks have been consistently buying gold for many years
this is especially true for Russia & China
Over 10 years the Russian Central Bank has increased gold holdings by x4.5
🇷🇺 Gold is now 35% of all international reserves held by Russia 🤯
🇺🇸 Comparatively, for USA the number is 5%
This is why Russia and Ruble have been so resilient to sanctions
