this post was submitted on 20 Nov 2025
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Ukraine

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274
Russia Starts Selling Off Its Gold Reserves to Fund the War Budget, Breaking a Long-Held Taboo (united24media.com)
submitted 15 hours ago by supersquirrel@sopuli.xyz to c/ukraine@sopuli.xyz
46 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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[–] Madison420@lemmy.world 4 points 10 hours ago* (last edited 10 hours ago) (1 children)

Except gold has huge intrinsic value because it's not that common and exceedingly useful.

Diamonds, diamonds are the scam that seems to be implied here.

[–] tuff_wizard@aussie.zone 1 points 7 hours ago

Absolutely but most of its value is due to it being rare…. And shiny. The industrial uses were just a bonus we worked out later. In the early days it was valuable simply because we all told ourselves it was worth a certain amount of chickens.