Demand for physical gold in Russia soared by 350% in the first half of the year

Demand for physical gold in Russia soared by 350% in the first half of the year
Photo by Jingming Pan / Unsplash

The experts of the World Gold Council calculated. 12 tons of bars and coins were bought by citizens, who were actively stimulated to invest in gold by the state.

But those who bought at the peak of the sanctions panic in March, soon discovered that their gold is rapidly depreciating and their loss was 56%, investors lost about 11.5 billion rubles.

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