Russia’s Gold Hedge Profits $96 Billion, Offsets Asset Freeze

Russia’s Gold Strategy Offsets Sanctions Freeze

China is using Gold to replace USD in commodity trade thus soft-backing its money using convertibility optionaliity and…1Deglobalization begets Mercantilism as willing participants use gold to continue doing trade and thus stave off global war.2

Even so, the world still does not (or cannot) admit that the USD is being challenged, and that Gold, hated for decades, is actually keeping the world together right now. Presently, the empirical evidence is proving the concepts true by no less a journalistic stalwart as Bloomberg. Here is our write up of that news item sans paywall.

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