Russia has initiated the sale of physical gold from its reserves, marking a pivotal shift in budget management amid ongoing military expenses.

Buying one way tickets to hell for Russian soldiers by selling off Russia’s gold and treasure… What will be left when all the humans and gold have been carelessly traded away by Putin to power the mindless Russian war machine?

  • Buffalox@lemmy.world
    15·
    4 months ago

    No it would not tank to be as worthless as paper, which was what I argued against.
    You are arguing against a strawman.
    If gold was only used industrially like steel or other metals, and the value was according to that, it would still be way more expensive than steel and aluminum.
    Yes the shortage inflates the price, I never argued it didn’t. But it is absolutely not worthless as the post I responded to claimed.