King Long Short

🇷🇺 RUSSIA'S RECORD GOLD ACCUMULATION: RESERVES EXCEED $300 BILLION According to data from the Central Bank of Russia analyzed by Sputnik News Agency, Russia's gold reserves have reached a historic milestone The share of gold in Russia's total foreign exchange reserves has increased to 42.3%, which is the highest share since February 1995, when gold accounted for 43.9% of total reserves However, the difference lies in the absolute value: in 1995, this value did not exceed $5.5 billion, showing that the increase in the scale of accumulation and the current global gold price is extremely large This action, together with the US M2 Money Supply reaching a record high of $22.3 trillion, reinforces the global trend that the powers are looking hard assets to preserve value. This is often a positive sign for other non-sovereign assets like Bitcoin $BTC , which has been dubbed “digital gold” #BTCVSGOLD