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Russia Buys 700% More Gold | (Stack Gold Now Or Wait For A Crash?)

Russia's finance ministry has announced an increase in gold purchases of 700%, a move which illustrates the growing trend of central bank purchases of hard assets without counter party risk. New capital inflows from India are expected as well, following a major change tariffs on gold imports in the world's most populous nation. On top of that, China has paused purchases for the past four months, and despite this the gold price has risen to new all time highs. What will happen when they announce a resumption of official purchases? Despite all of these purchases, there remains a short term risk in gold in the event of a major US or global recession, but clearly any weakness in gold prices will be met with aggressive buying by central banks around the world. 💰 Great prices on silver bullion at SD Bullion ► https://sdbullion.com/smartstacker 🧼 Use coupon code "stacker" to save 10% on nanosilver powered personal care products from Silver Botanicals ► https://silver-botanicals.com 🟢 Join Other Smart Stackers On Reddit ► https://bit.ly/3c4ZJLb 📣 Follow me on Twitter ► https://bit.ly/3ugCoLx 📷 Follow me on Instagram ► https://bit.ly/3ubjs0V I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Some of the links provided in this description are affiliate links. If you make a purchase using one of those links I may receive compensation at no additional cost to you. Thank you for supporting this channel in this way, or any other! #silver #gold #silverstacking