Russian Gold Buying Increases 62% Since Ukraine War
Russians are increasingly turning to gold as a financial safe haven amid growing economic pressures. Consumer gold purchases hit 75.6 metric tons in 2024, marking a 6% increase from 2023 and a dramatic 62% jump from pre-war levels in 2021. Why? A few reasons: record-high inflation at 9.5%, the ruble’s…
Russian Gold Buying Increases 62% Since Ukraine War
Russians are increasingly turning to gold as a financial safe haven amid growing economic pressures. Consumer gold purchases hit 75.6 metric tons in 2024, marking a 6% increase from 2023 and a dramatic 62% jump from pre-war levels in 2021. Why? A few reasons: record-high inflation at 9.5%, the ruble’s…
Russian Gold Buying Increases 62% Since Ukraine War
Russians are increasingly turning to gold as a financial safe haven amid growing economic pressures. Consumer gold purchases hit 75.6 metric tons in 2024, marking a 6% increase from 2023 and a dramatic 62% jump from pre-war levels in 2021. Why? A few reasons: record-high inflation at 9.5%, the ruble’s…
Russian Gold Buying Increases 62% Since Ukraine War
Russians are increasingly turning to gold as a financial safe haven amid growing economic pressures. Consumer gold purchases hit 75.6 metric tons in 2024, marking a 6% increase from 2023 and a dramatic 62% jump from pre-war levels in 2021. Why? A few reasons: record-high inflation at 9.5%, the ruble’s…
Russian Gold Buying Increases 62% Since Ukraine War
Russians are increasingly turning to gold as a financial safe haven amid growing economic pressures. Consumer gold purchases hit 75.6 metric tons in 2024, marking a 6% increase from 2023 and a dramatic 62% jump from pre-war levels in 2021. Why? A few reasons: record-high inflation at 9.5%, the ruble’s…
Russian Gold Buying Increases 62% Since Ukraine War
Russians are increasingly turning to gold as a financial safe haven amid growing economic pressures. Consumer gold purchases hit 75.6 metric tons in 2024, marking a 6% increase from 2023 and a dramatic 62% jump from pre-war levels in 2021. Why? A few reasons: record-high inflation at 9.5%, the ruble’s…
Russian Gold Buying Increases 62% Since Ukraine War
Russians are increasingly turning to gold as a financial safe haven amid growing economic pressures. Consumer gold purchases hit 75.6 metric tons in 2024, marking a 6% increase from 2023 and a dramatic 62% jump from pre-war levels in 2021. Why? A few reasons: record-high inflation at 9.5%, the ruble’s…
Gold Mining Crisis: Reserves Drop 40% as Mining Costs Soar
Gold market experts Frank Giustra and Grant Williams delivered important warnings about the future of gold during their presentation at VRIC. They highlighted a significant divide in how different parts of the world approach gold investment. Eastern investors tend to view gold as a way to preserve wealth over the…
Russian Gold Reserves Crash 46% as Citizens Rush to Buy
Russian banks’ gold reserves plunged 46.4% in 2024, hitting their lowest level since July 2022 at 38.1 metric tons ($3.4 billion). This dichotomy reflects the country’s complex economic challenges: high inflation at 9.5%, record interest rates at 21%, and ongoing sanctions impact. Russian citizens, faced with a weakening ruble and…
Russian Gold Reserves Crash 46% as Citizens Rush to Buy
Russian banks’ gold reserves plunged 46.4% in 2024, hitting their lowest level since July 2022 at 38.1 metric tons ($3.4 billion). This dichotomy reflects the country’s complex economic challenges: high inflation at 9.5%, record interest rates at 21%, and ongoing sanctions impact. Russian citizens, faced with a weakening ruble and…