Russian Gold Meltdown - Joe Blogs

[TexasTowelie]

Russia is now relying on one final financial lifeline: gold.

When the West froze half of Russia’s foreign reserves in 2022, the Kremlin lost access to hundreds of billions of dollars overnight. Oil and gas revenues fell under sanctions, the ruble collapsed, and the federal budget was pushed deep into deficit. Only one asset remained fully untouched — the gold Russia stores inside its own borders.

In this video I break down the full story of how gold is keeping Russia’s economy afloat:

– How much gold Russia really holds
– How the reserves have changed since the war started
– How much gold Russia mines every year
– The value of that production
– The secret African gold pipeline
– The 230+ tonnes Russia has already sold
– Why the National Wealth Fund is being depleted
– How the Central Bank is now selling physical gold
– How gold is turned into cash and rubles
– Who buys Russian gold
– How the proceeds support the economy and the war
– And how long this strategy can last

Russia has one of the biggest gold industries in the world — but it is now burning through its reserves to keep the financial system alive. How much time is left before this strategy runs out?

Chapters:
0:00 Intro
1:05 GLOBAL RESERVES
2:08 GOLD BULLION
3:55 RUSSIAN RESERVES
5:48 SALES
7:04 SUMMARY & CONCLUSION