4 ms·

Not only does Russia not have the biggest gold reserves on the planet, they are 5th after the US, Germany, Italy and France. The US has just about 4 times more

Not only does Russia not have the biggest gold reserves on the planet, they are 5th after the US, Germany, Italy and France. The US has just about 4 times more gold reserves than Russia and more than double that of Germany in 2nd.

olivermarks 5y ago
https://www.statista.com/chart/26940/russian-central-bank-foreign-currency-and-gold-reserves-by-holder/ https://www.statista.com/chart/26940/russian-central-bank-fo...
- Cipater 5y ago
  Did you link the wrong article? Nowhere does it say that Russia has the largest gold reserves on the planet. Meanwhile: https://www.statista.com/statistics/267998/countries-with-the-largest-gold-reserves/ https://www.statista.com/statistics/267998/countries-with-th... https://en.wikipedia.org/wiki/Gold_reserve https://en.wikipedia.org/wiki/Gold_reserve https://tradingeconomics.com/country-list/gold-reserves https://tradingeconomics.com/country-list/gold-reserves
  - olivermarks 5y ago
    https://edition.cnn.com/2022/03/11/business/russia-economy-sanctions-gold/index.html https://edition.cnn.com/2022/03/11/business/russia-economy-s... My understanding is that Russia's gold reserves are pretty tangible where the west has some pretty mysterious gold reserves. I'm a US/UK citizen, I'm not arguing a pro Russia position here just talking realpolitik and geo politics. Here's a Russian position which arguably gives away that gold and currency control is central to their positions http://thesaker.is/natos-internal-gold-war/ http://thesaker.is/natos-internal-gold-war/ There are endless articles elsewhere questioning whether there really is any gold in Fort Knox etc because gold reserves are the king in the geopolitical chess games
    - Cipater 5y ago
      Your replies are getting further and further away from your original definitive statement that Russia has the most gold reserves on the planet. It's all a bit strange. Now that we're down to claims about the US lying about its gold reserves I'm afraid I have to check out.
      - olivermarks 5y ago
        Thanks for correcting me, I was wrong about the Statista chart I posted. My point was a broader one about the war for who would control future world reserve currencies, which appears to be between the US, China and Russia right now with Russia making a bit of a hail Mary pass https://www.suissegold.eu/en/posts/russias-massive-gold-accumulation https://www.suissegold.eu/en/posts/russias-massive-gold-accu...

olivermarks 5y ago

https://www.statista.com/chart/26940/russian-central-bank-foreign-currency-and-gold-reserves-by-holder/ https://www.statista.com/chart/26940/russian-central-bank-fo...

Cipater 5y ago
Did you link the wrong article? Nowhere does it say that Russia has the largest gold reserves on the planet. Meanwhile: https://www.statista.com/statistics/267998/countries-with-the-largest-gold-reserves/ https://www.statista.com/statistics/267998/countries-with-th... https://en.wikipedia.org/wiki/Gold_reserve https://en.wikipedia.org/wiki/Gold_reserve https://tradingeconomics.com/country-list/gold-reserves https://tradingeconomics.com/country-list/gold-reserves
- olivermarks 5y ago
  https://edition.cnn.com/2022/03/11/business/russia-economy-sanctions-gold/index.html https://edition.cnn.com/2022/03/11/business/russia-economy-s... My understanding is that Russia's gold reserves are pretty tangible where the west has some pretty mysterious gold reserves. I'm a US/UK citizen, I'm not arguing a pro Russia position here just talking realpolitik and geo politics. Here's a Russian position which arguably gives away that gold and currency control is central to their positions http://thesaker.is/natos-internal-gold-war/ http://thesaker.is/natos-internal-gold-war/ There are endless articles elsewhere questioning whether there really is any gold in Fort Knox etc because gold reserves are the king in the geopolitical chess games
  - Cipater 5y ago
    Your replies are getting further and further away from your original definitive statement that Russia has the most gold reserves on the planet. It's all a bit strange. Now that we're down to claims about the US lying about its gold reserves I'm afraid I have to check out.
    - olivermarks 5y ago
      Thanks for correcting me, I was wrong about the Statista chart I posted. My point was a broader one about the war for who would control future world reserve currencies, which appears to be between the US, China and Russia right now with Russia making a bit of a hail Mary pass https://www.suissegold.eu/en/posts/russias-massive-gold-accumulation https://www.suissegold.eu/en/posts/russias-massive-gold-accu...