https://www.zerohedge.com/news/2023-08-30/christine-lagarde-pals-are-killing-europe
As of 2021 The country's gold reserves have been raised from 31.5 tons to 94.5 tons, which sends Hungary from the 56th position to the 36th position in the international rankings based on the size of gold reserves. In the Central and Eastern European region, its position changed from 6th to 3rd.
As such it is important when an Eastern EU block country’s leader talks candidly. Hungary, which has defied the West’s monetary policies yet remains a part of the West’s united front is one example.
The question that keeps coming up here: Why are these nations buying Gold if they are with the West? The obvious reason is their geographic locales demand they have a safe neutral money if needed. But it is fascinating how these nations can be morally similar to the west, yet draw the line at Western monetary policy decisions being forced on their own.
The conclusion? Europe’s G7 Central Banks are run by ideological idiots. Gold is a hedge for idiocy. And that is why this post is about Gold.