Gold: Putin’s Haven
Sanctions imposed by the West on Russia’s central bank have demonstrated the vulnerability of any country holding cash in its foreign exchange reserves. Bitcoin is a passing fad with no real value; in fact, it is worse than cash because it only exists on a computer screen. Gold serves two functions that fiat currencies or any other financial innovation cannot: first, it serves as a safe haven during times of turmoil, and second, it serves as a store of value.
Gold is dismissed as a speculation since it doesn’t create sprouts, and that really intends that without a profit or yield, the consistent pay and deliberate development wanted by institutional financial backers don’t exist.
Gold is also regarded as a valuable store of value. The precious metal has proven to hold its value over time. Accordingly, financial backers consider it to be a method for saving riches, rather than paper or “fiat” monetary forms, which are helpless to expansion and lose esteem over the long run.
Gold provides something to all of us that fiat money or any other financial innovation cannot. Gold is insurance; it may not sprout, but it is irreplaceable in its functions.
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