In 2018, GFMS Thomson Reuters and Metall Focus conducted a global investigation, which revealed many interesting facts, one of which is that the total gold reserve of all countries in the world is more than 33,976.5 tons.
It's just a colossal amount of gold, but how much is Russia?
Now we will tell you about it.
Let's start with the basic concept. The gold reserve of Russia is a reserve of precious metal purified from impurities, which is often found in bullion or gold coins.
Russia's gold reserves in different years (in tons):
01/01/2000 - 414.51
01/01/2005 - 386.96
01.01.2010 – 649.03
01.01.2015 – 1208.19
01.01.2020 – 2271.31
It should be noted that over the period from 2010 to 2020, the volume increased by 3.5 times.
The Economist believes that such large-scale purchases of the precious metal by Russia are not caused by the investment attractiveness of the asset, but by the increased distrust of the country's leadership in the US dollar.