“The Russian central bank has increased its holdings of gold for eight consecutive months!â€
According to the official website of the Russian Central Bank, from the beginning of April this year to the present December, the Russian central bank has increased its holdings of gold reserves for eight consecutive months.
Affected by the depreciation of the ruble, in order to preserve the private property of the individual, a large number of Russian citizens went to the bank or the trading market to exchange the ruble for the US dollar or to purchase luxury goods such as luxury cars and jewelry to maintain value.
From this point of view, no matter whether it is the Russian government or the ordinary citizens of Russia, when the national currency is in a crisis of devaluation, everyone has an inexplicable dependence on gold.
This year's jewelry is not easy to sell, a large number of jewelry backlog warehouse, the Chinese jewelry industry market downturn is a well-known thing. Then, when Russia has a great demand for gold and jewelry, can our products be imported? Even if the ruble is not worth the money, is it a good choice to switch to other things? Even if the ruble is harvested, it also reflects the humanitarian relief of the Chinese people to the Russian people.
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