Supposedly Second Largest Reserves in the World According to Russian Ministry of Natural Resources
Russia's Golden Paradox: Why Vast Gold Wealth Never Reached the Average Citizen The Gold Beneath Their Feet For centuries, Russia has been one of the world's great gold-producing nations. Vast deposits stretch across Siberia, the Far East, and the Ural Mountains. Rivers glitter with placer gold, while enormous industrial mines extract tons of precious metal each year. Yet despite the immense wealth pulled from Russian soil, the average Russian citizen has often seen little direct benefit from the treasure hidden beneath their feet. In the late nineteenth century, miners and prospectors pushed deeper into Siberia in search of gold. Rich deposits were discovered, and fortunes were made. However, those fortunes rarely belonged to the laborers who spent their days digging in frozen earth. Wealth flowed upward to mine owners, wealthy investors, and the imperial government. Workers lived in rough settlements where long hours, dangerous conditions, and harsh weather were part of eve...