Posted on 11/22/2025 3:08:00 PM PST by dennisw
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Not so fast, Russia is a major producer of Gold, with $75 trillion in natural resources. When the war started, Gold was about $1800 t/oz....today $4,000 plus. They have made $$$ billions, and is mining billions more.
As Sanctions stole their funds in their western sovereign fund, they start to sell off their huge reserves of Gold at record prices.
https://www.gold.org/goldhub/data/gold-production-by-country
China
380.2
Russian Federation
330.0
Australia
284.0
Canada
202.1
United States.....
???
Gold was trading at $2k/oz US two years ago, is now coming back down from $4k/oz US. Sell it at $3,800/oz US now and buy it back later at $2k/oz US.
That is not what Russia is doing.
One does not liquidate capital reserves (on a macro basis) to fund day to day operations. They are not treating it like a speculative investment.
Wheels falling off Putin clown car.
*********************
Nonsense.
The Russians are selling high.
Hoarders don’t make money on anything, they’re too busy holding “My Prescious.”
Putin said to himself -
“Self, since I am Vlad the barbarous, I will sell off this barbarous relic from me personal piggy Putin bank” “I will send me slaves out to mine some more, when they return from me meatgrinder” “For now I get me gold miners from Lil Kims rent-a-Nork”
No wankster I know is selling his old gold-silver, bought ages ago.
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