Russia SOLD Billions of U.S. Debt To BUY...

in #market6 years ago (edited)

Russia has sold off most of their US Treasuries. The question is, "what did they buy?"
You came here for the truth, so let me unveil that for you. Today I'm gonna show you exactly, quickly, concisely, what Russia has bought instead of those US Treasuries.

Russia holding us treasuries.jpg

Well, you can see the change right in front of you here. The US Treasuries being sold off in such a short period of time. I showed this I covered this before that's that for those who haven't seen it. I'll move on to exactly what they're buying.

russia gold reserves.jpg

Russia's gold reserves have been increasing month after month after month and that is in fact, what's been happening. They've been increasing their gold positions and decreasing their positions in the US dollar. They don't want to be exposed to it for multiple reasons.

They've got sanctions, they've got all these different reasons. For them, not to be necessarily doing any business with the US. Here at this time so they are getting away from it. They have come from a place where you know it wasn't that significant a hundred billion dollars worth but in percentage terms, in terms of how much they hold it is, quite significant because they came down to such a low level considering that they're not even on the list anymore.

russia gold reserves vs us dollars comparison.jpg

So the last chart, I want to show you is this, you can see the US Treasury holdings in terms of billions of dollars versus the gold reserves and as we see they have been increasing every month practically just increase in their positions and they want to be doing this for a multiple of reasons. Many people believe that they're trying to form a new stabilized currency with China. I don't know what's gonna happen? Here all I know is that they see it as a better opportunity. Simultaneously they can't do business through the US. You know their own methods, their own you payment systems and everything they're being restricted to being sanctioned.

There are more threats going back and forth and it is quite unfortunate what's happening.

Hope you got it if you did please give me a thumbs up.

Take care

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.033
BTC 70434.55
ETH 3761.18
USDT 1.00
SBD 3.84