khannie comments on Russia Makes Largest Gold Sell-Off Since 1998 Default to Fund Putin’s War Budget

Russia Makes Largest Gold Sell-Off Since 1998 Default to Fund Putin’s War Budget (united24media.com)

submitted 2 weeks ago by supersquirrel@lemmy.ca to c/world

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[–] khannie@lemmy.world 4 points 2 weeks ago (1 child)

72.8 million ounces

Converts to 2264.33 Tons apparently (link), so selling 62 seems like very little.

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[–] Madagaskar_sky@lemmy.world 5 points 2 weeks ago

I think it's the very fact they had to dip into it. They don't have enough liquid cash floating around, so they ALSO have to now start dipping into the emergency funds.

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