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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[–] Lemmyoutofhere@lemmy.ca 100 points 1 day ago (3 children)

“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.

[–] CileTheSane@lemmy.ca 12 points 16 hours ago

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.

[–] vane@lemmy.world 5 points 14 hours ago* (last edited 14 hours ago)

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

China 380.2
Russian Federation 330.0

[–] Gerudo@lemmy.zip 45 points 1 day ago (2 children)

Wow, that is a massive amount to burn through.

[–] MrMakabar@slrpnk.net 18 points 1 day ago

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.

[–] remotelove@lemmy.ca 21 points 1 day ago (1 children)

Corruption is actually a feature in this case. Most of that cash is actually pumped directly into local economies. /s

[–] Valmond@lemmy.world 3 points 1 day ago

Lol!

[–] MushuChupacabra@lemmy.world 124 points 1 day ago (3 children)

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.

[–] i_stole_ur_taco@lemmy.ca 32 points 1 day ago (2 children)

It’s been an expensive 3 days.

[–] Bazell@lemmy.zip 8 points 1 day ago

Yeah, expensive 3 years.

[–] Valmond@lemmy.world 5 points 1 day ago

What a bender.

[–] Jabroni@lemmy.world 3 points 21 hours ago

I've always said either the country or the man will not make it past Christmas.

[–] jasoman@lemmy.world 8 points 1 day ago (1 children)

Does he even go up off the first floor?

[–] MushuChupacabra@lemmy.world 19 points 1 day ago (1 children)

Does he even go up off the first floor?

He tragically fell up several flights of stairs first.

[–] jasoman@lemmy.world 4 points 1 day ago

I was going to go with " retreated upstairs and then tripped out the X floor window due to X Y and Z"

[–] doingthestuff@lemy.lol 30 points 1 day ago (2 children)

He's going to burn everything until all they have left is nukes. And then the nukes.

[–] Valmond@lemmy.world 11 points 1 day ago (1 children)

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.

[–] Bazell@lemmy.zip 4 points 1 day ago* (last edited 1 day ago) (1 children)

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.

[–] Valmond@lemmy.world 3 points 19 hours ago (1 children)

Are you sure about that? I can inly find they tested very small yield bombs up to 2019, no termo nukes or so.

[–] Bazell@lemmy.zip 3 points 17 hours ago* (last edited 17 hours ago) (2 children)

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.

[–] Valmond@lemmy.world 1 points 14 hours ago

What I have seen (read) is only sabre rattling with different nuclear launch vehicles (so only the rockets, missiles etc. not the nuclear payload itself), and one of them being nuclear driven for some bizarre reason.

[–] GreenKnight23@lemmy.world 4 points 1 day ago (1 children)

what if he dies before that?

[–] slampisko@lemmy.world 7 points 1 day ago (1 children)

Someone exactly the same will take his place. The problem is in the system, not in the individual

[–] Valmond@lemmy.world 10 points 1 day ago (1 children)

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.

[–] figjam@midwest.social 4 points 23 hours ago

There is always hope

[–] SpacePanda@mander.xyz 54 points 1 day ago (1 children)

Like a true Soviet hes going to bankrupt his country, again. Interesting how this keeps happening.

[–] stoly@lemmy.world 35 points 1 day ago (1 children)

It's what happens when narcissists get into power.

[–] redlemace@lemmy.world 17 points 23 hours ago (1 children)

so USA is next for sure. They have the narcissist of narcissists

[–] Treczoks@lemmy.world 7 points 21 hours ago (1 children)

But he is not selling the gold reserves off, he is using them to plate his Throne -ehrm- Ballroom.

[–] redlemace@lemmy.world 10 points 21 hours ago* (last edited 21 hours ago)

> He loves this for sure

[–] Greyghoster@aussie.zone 23 points 1 day ago (4 children)

So, the western financial sector is now going to fund the Russian war machine directly by buy this?

[–] Valmond@lemmy.world 5 points 1 day ago (1 children)

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 ☹️

[–] Greyghoster@aussie.zone 5 points 23 hours ago

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.

[–] greygore@lemmy.world 3 points 1 day ago

real sales of physical bullion on the domestic market

[–] stoly@lemmy.world 9 points 1 day ago

Some governments will buy up large amounts but I bet a huge portion of it is privately acquired.

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