Russians buy record number of gold bars in 2022, Vedomosti reports


photo of Russan 10 rouble gold coin dated 1902“Analysts have pointed out that Russian investors and Russian banks’ premium customers do not have any other serious investment options: the Russian stock market is of no interest, the purchase of real estate amid mass emigration is a questionable investment, and making investments in foreign assets and foreign currency are fraught with risk.”

USAGOLD note: Not to mention that the country is at war that is not going as planned, the rouble is down and the inflation rate is running at double digits. Russia’s citizens bought 67 tonnes of gold in 2022.

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