It’s been an expensive 3 days.

Does he even go up off the first floor?

I've always said either the country or the man will not make it past Christmas.

Wow, that is a massive amount to burn through.

Can't call off the war, that would make him look weak. Better liquidate the gold stores and tank the economy so he can maintain the image of a big strong boy.

What a weak pathetic man for some reason surrounded by sycophants.

I doubt that it means anything more than the gold is record high and it's profitable to sell it.
https://www.gold.org/goldhub/data/gold-production-by-country

Global mine production
tons

1. China 380.2
2. Russian Federation 330.0

It's what happens when narcissists get into power.

Some governments will buy up large amounts but I bet a huge portion of it is privately acquired.

I'm all for it but how do you stop gold being sold? I mean you could probably sell it in asia or africa if the EU forbid it?

Oil takes whole boats to transport, and we can't even do that correctly ☹️

real sales of physical bullion on the domestic market

What else is new?

Price aside, gold is a very useful metal.

Things have little intrinsic value. They are only worth what people will pay for them. If the price of gold upsets you, please do not investigate the stock exchange.

There are lots of people willing to buy gold, and have been for millennia. Most paper currency is worthless 200 years later.

Actually it's one of the more stable things out there. It resists economic issues.

My man; everything is worthless unless a critical mass of people find value in it.

If every single person in the entire world except you refused to acknowledge the US dollar tomorrow, it would become worthless.
The same goes for every currency having ever existed.

"crypto apes"

Yes, but also to use as collateral to borrow against. This is burning the furniture to stave off the cold.