“TG, when I think of Liquid Assets it is NG and Oil. Russia is 1/7th of the world’s landmass - I doubt that they lack anything.”
LOl!
The liquid assets they are selling off to support the war are gold and currency assets. Those assets are running low.
Also, those assets are comming out of their rainy day fund which is also their pension fund.
Ask yourself something. Putin and Trump are at opposite sides of the conflict. One was forced to war, the other prosecuted for opposition.
Trump is the key here. Gold is not where Trump is going; Trump is moving to BTC. The Russians and Brics trade in metals, currencies, crypto and barter. It might be that knowing Trump’s preference to replace the underpinning of the economy with Gold in exchange for BTC.
Now I am not saying or alluding to Russia and the US colluding but BTC may one day be where Gold used to be in financial circles and thinking.
Russia mines enough metals to last forever. They are blessed with natural resources.