Russia’s Gold Reserves Drop to Lowest Level Since 2019 as Moscow Draws on Metal to Fund Wartime Budget

Russia is demonstrating in real-time that gold’s enduring role as ultimate money has not diminished. Even in an era dominated by digital banking, fiat currencies, and complex international financial networks, the precious metal remains a critical monetary reserve asset. When conventional revenue streams and international financing are abruptly restricted by geopolitical conflict and sweeping economic…

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