4 ms·
What’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
by Armisael16 4y ago
What’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.