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Russia still has 2301.64 Tonnes of gold: https://tradingeconomics.com/russia/gold-reserves https://tradingeconomics.com/russia/gold-reserves Or roughly $128.9
by O__________O 4y ago
Russia still has 2301.64 Tonnes of gold:
https://tradingeconomics.com/russia/gold-reserves https://tradingeconomics.com/russia/gold-reserves
Or roughly $128.9 billion USD in gold reserves:
https://www.wolframalpha.com/input?i=2301.64+Tonnes+of+gold+to+usd https://www.wolframalpha.com/input?i=2301.64+Tonnes+of+gold+...
- hef19898 4y agoBut how many bitcoin and stable coins do they have?
- O__________O 4y agoRussians, not Russia, according to this article from early Feb-2022 have $214 billion in crypto assets based on IP address analysis: https://m.timesofindia.com/business/cryptocurrency/blockchain/russians-own-12-of-the-worlds-crypto-assets/amp_articleshow/89342468.cms https://m.timesofindia.com/business/cryptocurrency/blockchai...
- Armisael16 4y agoWhat’s Russia going to do with that gold? Put it on a train a quarter of the way around the world to Beijing? It is far from trivial to move that kind of stock.
- O__________O 4y agoCorrect, though there is a huge demand for gold currently. Russia was buying 150 tonnes a year from 2008-2020; annual global demand is 4,000 metric tons. Even without selling it or shipping it, they could likely use it to secure debts to China example.