Russia’s reserves and gold holdings sit at well over $500 billion

Russia’s reserves and gold holdings sit at well over $500 billion

While all reports indicate that in the West governments are having to borrow heavily to support their populace and corporations during the COVID pandemic Russia’s gold and FOREX reserves are positioning them to exit the crisis with less savings, but perhaps no added debt, depending on how long the economic supports are needed.

Travis
Travis
Young Conservative
Young Conservative 1 months

And THIS is why Governments shouldn't over spend, we'd be in a position to recover from this if we did the same as Russia. But we're not. Obviously take this story with a grain of salt given the source, but it's still a good idea.

Randall
Randall 1 months

Meanwhile, there is no gold in fort Knox.

Top in World
Get the App