Would you like a little history about the Russian natural resources? Would you like the facts? This article goes into detail about what happened to the Soviet economy from 1980 on and will give you a better idea of what resources it can bring to bear in the future. The overtures of Gorbachev were cut short, and as a consequence, the people of Russia did not appreciate the benefits of these overtures. It was a great idea. But as history can run, things did not pan out the way they were supposed to. For a good look at contemporary Russian history and the situation vis-a-vis gold, read this article.
According to www.gold.org this is the story:
Gold Reserves in Russia averaged 967.11 Tonnes from 2000 until 2021, reaching an all time high of 2299.87 Tonnes in the second quarter of 2020 and a record low of 343.41 Tonnes in the second quarter of 2000.
According to the Russian Ministry of Natural Resources, the country has the second largest gold reserves in the world at 12,500 tonnes (over 400 million ounces).
According to the Russian Ministry of Natural Resources, the country has the second largest gold reserves in the world at 12,500 tonnes (over 400 million ounces).
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