That is true, still they bought tonnes of actual gold.
Western nations have been selling gold like there was no tomorrow while banks were selling and buying paper gold as if it were cakes keeping the prices low.
At some point someone is going to demand their gold and there won't be any gold
I think this is already the case as you have to wait months to get your order of the metal.
Yes. But their shit paper currency is NOT "backed by gold". You can't go to a bank and trade your rubles for gold.
That is true, still they bought tonnes of actual gold. Western nations have been selling gold like there was no tomorrow while banks were selling and buying paper gold as if it were cakes keeping the prices low.
At some point someone is going to demand their gold and there won't be any gold I think this is already the case as you have to wait months to get your order of the metal.