3 ms·
I find it interesting Russia has 5x their reserves of gold since 2008 https://tradingeconomics.com/russia/gold-reserves https://tradingeconomics.com/russia/gol
by lettergram 5y ago
I find it interesting Russia has 5x their reserves of gold since 2008
https://tradingeconomics.com/russia/gold-reserves https://tradingeconomics.com/russia/gold-reserves
and appears to be divesting form the dollar
https://www.cnbc.com/2021/06/03/russia-to-remove-dollar-assets-from-national-wealth-fund.html https://www.cnbc.com/2021/06/03/russia-to-remove-dollar-asse...
China has also 4x the reserved gold since 2008
https://tradingeconomics.com/china/gold-reserves https://tradingeconomics.com/china/gold-reserves
That being said, I generally agree the "gold standard" has been shattered. That said, the future is likely something like crypto that can be tracked and monitored closely.