February 6, 2025
Tangible Assets

Russians are buying huge amounts of gold with the ruble under pressure from high inflation and sanctions

Getty Images; Jenny Chang-Rodriguez/BI The World Gold Council said Russians bought 75.6 metric tons of gold last year, up by 6% from 2023. Gold is a safe-haven asset that’s often in demand amid high inflation and geopolitical tensions. The price of gold hit a record on Wednesday, jumping above $2,900 an ounce. Russian consumers are

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