Glenn Diesen’s Substack

Glenn Diesen’s Substack

BRICS Stockpiling Gold as the G7 Weaponised Finance

The Predictable Consequences of Stealing Russia's Sovereign Funds

Glenn Diesen's avatar
Glenn Diesen
Nov 13, 2024
∙ Paid

The West’s decision to freeze and legalise the theft of Russian sovereign funds predictably diminished trust in the Western financial system, resulting in a huge demand for gold and other precious metals as a safe haven. Gold is not a yield-bearing asset, yet it preserves its value during turbulent times. There are some more twists to the story: There i…

User's avatar

Continue reading this post for free, courtesy of Glenn Diesen.

Or purchase a paid subscription.
© 2026 Glenn Diesen · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture