this post was submitted on 20 Nov 2025
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Ukraine

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Russia Starts Selling Off Its Gold Reserves to Fund the War Budget, Breaking a Long-Held Taboo (united24media.com)
submitted 16 hours ago by supersquirrel@sopuli.xyz to c/ukraine@sopuli.xyz
49 comments fedilink hide all child comments
 

Buying one way tickets to hell for Russian soldiers by selling off Russia's gold and treasure... What will be left when all the humans and gold have been carelessly traded away by Putin to power the mindless Russian war machine?

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[–] Cypher@lemmy.world 5 points 13 hours ago (1 children)

If the gold price dropped significantly it would be used more often, in turn driving the price back up due to demand and limited supply.

You’re correct and anyone saying gold is worthless, or worth very little, is a fool.

[–] Buffalox@lemmy.world 2 points 3 hours ago

You are spot on that if gold was cheaper it would be used more. It is such an amazing material.