On a day when gold and silver are hammered and Bloomberg asks whether Bitcoin has made gold irrelevant, we learn the Russia continues to accumulate gold while dumping dollars. I try not to focus too much on short- to medium-term fluctuations in the gold price, but rather try to keep my eye on what central banks and sovereign wealth funds are doing. Why are they accumulating gold if is “irrelevant”?
https://www.zerohedge.com/economics/russian-national-wealth-fund-turning-gold-dumping-dollars