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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.
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"
I've always said either the country or the man will not make it past Christmas.
“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.
Wow, that is a massive amount to burn through.
Corruption is actually a feature in this case. Most of that cash is actually pumped directly into local economies. /s
Lol!
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.
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.
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-country
Global mine production
tons
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
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 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
So, the western financial sector is now going to fund the Russian war machine directly by buy this?
Some governments will buy up large amounts but I bet a huge portion of it is privately acquired.
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.
real sales of physical bullion on the domestic market
What else is new?