Political strategist Ilya Margolin said that the rapid growth of Russia’s gold reserves strengthens the financial stability of the country’s economy. His words guide the way “Hit the primer”.
“This (gold – socialbites.ca) is a safe asset that can serve as a hedge against currency fluctuations and geopolitical risks,” the analyst said.
Margolin explained that it is possible to diversify assets and create a more stable portfolio, for example, by increasing the share of gold in reserves.
The political strategist also said that gold has high liquidity and can be quickly exchanged for other currencies if necessary. In addition, increasing the share of gold in reserves provides assurance against the risk of blocking assets in other currencies.
After the start of the SVO, Western countries froze part of the reserves of the Central Bank of the Russian Federation. Their volume is estimated at 287 billion dollars.
The West has repeatedly called for Russia’s frozen assets to be used to revive Ukraine, including in the confiscation scenario. At the Russian Ministry of Foreign Affairs statedIt is stated that if this idea is implemented, Moscow can implement the same measures.
Previously USA denied Consider the seizure of Russian assets as a panacea for Ukraine.