Buying one way tickets to hell for Russian soldiers by selling off Russia’s gold and treasure… What will be left when all the humans and gold have been carelessly traded away by Putin to power the mindless Russian war machine?
“The National Wealth Fund held 405.7 metric tons of gold before the full-scale invasion of Ukraine. Since then, the Finance Ministry has liquidated around 57% of that stash—about 232.6 tons—to shore up the budget.
As of November 1, 2025, the fund’s gold holdings have fallen to 173.1 tons. Combined liquid assets, including yuan holdings, have dropped from $113.5 billion before the war to just $51.6 billion today. As a share of Russia’s GDP, unspent reserves have shrunk fourfold.”
Hell ya.
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-countryGlobal mine production
tons- China 380.2
- Russian Federation 330.0
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.
Wow, that is a massive amount to burn through.
It is until you realize how expensive this war is. The damage a drone does to an oil refinery probably costs a few millions to repair and even more in lost profits, if it actually stops production. Tanks cost a million a piece easily. Air defense, planes and so forth easily cost more. Even something like a Shahed is $200k per shot.
Corruption is actually a feature in this case. Most of that cash is actually pumped directly into local economies. /s
Lol!
He’s going to burn everything until all they have left is nukes. And then the nukes.
Let’s hope the old soviet nukes doesn’t work any more, they are insanely expensive to maintain, are supposed to never actually being used or even tested any more (by international treaties, and when donald said he’d do testing, the ruskies were not on the forefront wanting to “test too”) and russia is one of the most corrupt countries on earth.
It’s like having inherited 6000 wheels of old cheese in 1991. “Maybe one of them works?”
Abd if they launch one, be it dirty, their whole country will be melted to glass so …
Additionally, three persons must “turn the key” to launch a russian nuke so maybe everyone isn’t insane over there.
Well, russia has done some nuclear tests recently. But I suppose that these were freshly manufactured bombs just to show off the “existing threat” from russia itself. So, I suppose that it has a few working nuclear bombs that can be used. But, agree, most of others probably are just so called dirty bombs by now.
Are you sure about that? I can inly find they tested very small yield bombs up to 2019, no termo nukes or so.
Maybe, not 100%. I read in news that they started nuclear trainings. And I supposed that that also meant that they nuked some deserted area in their country for training purposes. I suppose that I may be incorrect then and they simply doing even more showing off.
What I have seen (read) is only sabre rattling with different nuclear launch vehicles (so only the rockets, missiles etc. not the nuclear payload itself), and one of them being nuclear driven for some bizarre reason.
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what if he dies before that?
Someone exactly the same will take his place. The problem is in the system, not in the individual
This might not be exactly as bad as you think, the sycophants surrounding putin are in it for wealth, not to restore the soviet union (they do ofc play along, or get thrown off a balcony). So when he dies, after the power struggle, there is a big chance that we, the west, can leverage help vs “democracy” etc. Stopping the war ofc. And so on. The rich in Moscow gets to enjoy their super yachts and villas in Italy and their wifes shopping in Paris, in counterpart for dismantling their war machine.
At least It’s a possible scenario.
There is always hope
Selling off gold reserves is a sure sign that the Special Military Operation is going well.
It feels inevitable that Putin is going to fall out a window.
I’ve always said either the country or the man will not make it past Christmas.
It’s been an expensive 3 days.
Yeah, expensive 3 years.
What a bender.
Does he even go up off the first floor?
Does he even go up off the first floor?
He tragically fell up several flights of stairs first.
I was going to go with " retreated upstairs and then tripped out the X floor window due to X Y and Z"
Like a true Soviet hes going to bankrupt his country, again. Interesting how this keeps happening.
It’s what happens when narcissists get into power.
so USA is next for sure. They have the narcissist of narcissists
But he is not selling the gold reserves off, he is using them to plate his Throne -ehrm- Ballroom.
>
He loves this for sure
So, the western financial sector is now going to fund the Russian war machine directly by buy this?
real sales of physical bullion on the domestic market
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 ☹️
I was referring specifically to western financial institutions buying. Really a comment on how hard it is to stop the west from financing Putin. A difficult problem.
Some governments will buy up large amounts but I bet a huge portion of it is privately acquired.
What else is new?
Gold is as worthless as paper
When will we stop this practice of saying something worthless is valuable just so that greedy fuckers can hoard that crap?
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.everything is worthless
A corollary is that the best things in life are
freeeither not actually “the best” or not yet effectively monitized.
Gold is as worthless as paper
FALSE!
If a lot of people want to pay for it, it’s obviously not worthless.
Gold also has value as a metal of many uses, and in many situations gold is not easy to replace.
So even without being pretty and non corrosive and rare, it would still have value.
Also your post is extremely besides the point of Russia liquidating assets.Price aside, gold is a very useful metal.
Paper has many uses as well.
You can grow trees and make as much paper as you want.
You can’t do the same with gold.
Paper is cheap because it is dirt cheap to make and the resources for it are both plentiful and easy to get at.Gold is expensive, because it’s in limited supply, and you can’t make gold, and gold is very hard to extract. It also has many functions due to its special properties and it is often hard to replace with other materials.
And it is soooooo stable! Virtually no oxidization, easy to clean and remelt/recast. It holds its physical properties insanely well
Yes and no: Gold has many important properties and is relatively rare, but what really makes it expensive is that enough people agree that it’s worth something.
If the only market for gold was for actual applications where gold is needed, the price would absolutely tank.
No it would not tank to be as worthless as paper, which was what I argued against.
You are arguing against a strawman.
If gold was only used industrially like steel or other metals, and the value was according to that, it would still be way more expensive than steel and aluminum.
Yes the shortage inflates the price, I never argued it didn’t. But it is absolutely not worthless as the post I responded to claimed.If the gold price dropped significantly it would be used more often, in turn driving the price back up due to demand and limited supply.
You’re correct and anyone saying gold is worthless, or worth very little, is a fool.
You are spot on that if gold was cheaper it would be used more. It is such an amazing material.
First, I cannot grow trees in my small rented flat. And felling trees and turning them into paper is quite a hard work, it’s only cheap at an industrial scale and it kinda fucks up the environment a bit. Paper used to be an expensive commodity (people would wrote letters like this).
The properties that make gold expensive are its limited supply, as you pointed, and the fact that it doesn’t degrades with time, which make it a great material to use to ‘store value’. It has some other interesting physical properties that make it useful, but those aren’t the main reasons of its price.
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.
Except gold has huge intrinsic value because it’s not that common and exceedingly useful.
Diamonds, diamonds are the scam that seems to be implied here.
Absolutely but most of its value is due to it being rare…. And shiny. The industrial uses were just a bonus we worked out later. In the early days it was valuable simply because we all told ourselves it was worth a certain amount of chickens.
There are lots of people willing to buy gold, and have been for millennia. Most paper currency is worthless 200 years later.
“crypto apes”
Actually it’s one of the more stable things out there. It resists economic issues.
