Womble comments on Russia Starts Selling Off Its Gold Reserves to Fund the War Budget, Breaking a Long-Held Taboo

submitted 11 months ago by OutForARip@lemmy.ca to c/world

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[–] 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.

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[–] 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?

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