▲ 55 ▼ Russia Starts Selling Off Its Gold Reserves to Fund the War Budget, Breaking a Long-Held Taboo (united24media.com) submitted 11 months ago by OutForARip@lemmy.ca to c/world 3 comments fedilink hide all child comments
[–] Tar_alcaran@sh.itjust.works 4 points 11 months ago (2 children) Isn't that what gold reserves are for? A last resort? permalink fedilink source hideshow 2 child comments replies: [–] Womble@piefed.world 5 points 11 months ago (1 child) Yes, but also to use as collateral to borrow against. This is burning the furniture to stave off the cold. permalink fedilink source parent hideshow 1 child comment replies: [–] Tar_alcaran@sh.itjust.works 3 points 11 months ago Well, If you're maxed out on loans, you might as well sell off the collateral. What are they gonna do about it? permalink fedilink source parent
[–] Womble@piefed.world 5 points 11 months ago (1 child) Yes, but also to use as collateral to borrow against. This is burning the furniture to stave off the cold. permalink fedilink source parent hideshow 1 child comment replies: [–] Tar_alcaran@sh.itjust.works 3 points 11 months ago Well, If you're maxed out on loans, you might as well sell off the collateral. What are they gonna do about it? permalink fedilink source parent
[–] Tar_alcaran@sh.itjust.works 3 points 11 months ago Well, If you're maxed out on loans, you might as well sell off the collateral. What are they gonna do about it? permalink fedilink source parent