Alexander Manzyuk/Reuters The fifth-largest stockpile of gold in the world belongs to Russia, valued at nearly $140 billion. As with oil, sanctions are making it very difficult for Russia to trade the precious commodity. Demand for gold is still high within the country as the ruble has crashed to record lows. Like the price of crude oil, gold prices have been on a wild ride since Russia began its invasion of Ukraine. And like oil, Russia holds some of the world’s largest reserves of gold — some… Source link
Read More »Russia has a $140 billion stockpile of gold, but no one wants to buy it
