Russia just hit a milestone that hasn't been seen in decades. Gold now accounts for 42% of their national reserves—the biggest slice since 1995. That's a serious shift in how they're stacking their coffers. While most central banks still lean heavy on forex and bonds, this move screams one thing: hedging against currency instability. It's not just about shiny metal—it's a bet on tangible value when paper assets get shaky. Worth watching how this plays into the broader narrative around hard assets versus fiat exposure.