Global reserves trend toward tangible assets, energy and food, with nations eyeing strategic diversification
Across the world, governments are increasingly considering shifts in their foreign exchange reserves toward tangible commodities, energy resources, and essential foodstuffs. This viewpoint was highlighted by Vladimir Putin, the president of Russia, as reported by TASS. Experts suggest that a broad realignment of reserve holdings could begin within the next several years. Speaking at a plenary session of the St. Petersburg International Economic Forum, Putin noted that nations face a period of deficits and that this momentum toward real assets may gain traction as governments reassess risk and stability in the global financial system.
Putin pointed out that the depreciation of currencies could propel a strategic pivot for many countries. He argued that such a transition would contribute to higher inflationary pressure on the world’s dominant reserve currency, the dollar, and would influence the broader price landscape for essential goods and energy in the coming years. The remarks underscored a potential rebalancing of global assets away from fiat-centric holdings toward physically backed stores of value, driven by concerns about liquidity, stability, and long-term strategic autonomy.
In remarks ahead of a notable date in mid-year, the Russian leader asserted that the nation has entered a new era as a robust, sovereign state and that it can grow even stronger. He stressed that achieving this outcome requires deliberate action, a willingness to advance, to adapt, and to respond to the evolving currents of history with clear national resolve and determination.
Putin also noted that the order of world affairs would be shaped by the most powerful countries. He warned that without this influence, the system could drift toward a status of dependency or weakness, echoing his view that the post-Soviet period marked a turning point. Following the dissolution of the USSR, he described Russia as a formidable force on the global stage, emphasizing a drive to claim greater influence and responsibility in shaping international norms, economics, and security arrangements.