🚨 #SHOCKING : Russia sells most of its gold reserves!
Russia has liquidated about 71% of the gold held in its national wealth fund to help cover the costs arising from the war in Ukraine. Over the past few years, the fund's gold reserves have sharply declined from over 500 tons to around 170-180 tons now, as the government deals with the budget deficit, sanctions, and high military spending.
This really highlights the amount of pressure the Kremlin is under. Once these reserves run out, Russia will lose a significant means of protection, making it more vulnerable to economic troubles, inflation, and market pressures.
At the same time, investors are closely monitoring this. Offloading this amount of gold affects global supply and can impact precious metal prices, turning the conflict into a larger financial story with global repercussions. 🌍💥
If you’d like, I can clarify what the value of the gold being sold would be at today’s prices and what it actually means for the Russian economy in exact numbers — it’s an eye-opener.
$ENSO $SOMI $KAIA
#BREAKING #russia #putin #Write2Earn
Russia has liquidated about 71% of the gold held in its national wealth fund to help cover the costs arising from the war in Ukraine. Over the past few years, the fund's gold reserves have sharply declined from over 500 tons to around 170-180 tons now, as the government deals with the budget deficit, sanctions, and high military spending.
This really highlights the amount of pressure the Kremlin is under. Once these reserves run out, Russia will lose a significant means of protection, making it more vulnerable to economic troubles, inflation, and market pressures.
At the same time, investors are closely monitoring this. Offloading this amount of gold affects global supply and can impact precious metal prices, turning the conflict into a larger financial story with global repercussions. 🌍💥
If you’d like, I can clarify what the value of the gold being sold would be at today’s prices and what it actually means for the Russian economy in exact numbers — it’s an eye-opener.
$ENSO $SOMI $KAIA
#BREAKING #russia #putin #Write2Earn