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Russians Keep Buying Gold

Market Rundown | Retail Goes Chinese
Housekeeping: Good Morning: 

Things are Happening Faster Now

Topics:

News/ Analysis:

Russian Savers Hold as Much Gold as “European Nations”

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Oct 31
Russian Savers Hold as Much Gold as “European Nations”

Introduction: The New Domestic Gold Standard
Russian households have quietly accumulated nearly 300 tons of gold since 2022—equal to Spain’s official reserves—after sanctions made foreign currencies harder to hold. Bloomberg reports retail demand hit 62 tons in 2025, with Al Banyan Tree Research noting that Russians now favor bars, coins, and jewelry as savings. Tax breaks and the launch of a domestic gold exchange cement gold’s role as both policy tool and household safeguard.

Continues in the premium Post: Russian Savers Hold as Much Gold as “European Nations”


Related Posts:



Coming Soon/ Chat:


Data on Deck: Fed Day

  • MONDAY, OCT. 27 8:30 am* Durable-goods orders

  • TUESDAY, OCT. 28 9:00 am S&P Case-Shiller home price index

  • WEDNESDAY, OCT. 29 FOMC interest-rate decision, press conference

  • THURSDAY, OCT. 30 GDP

  • FRIDAY, OCT. 31 PCE*

Charts and Final Market Check:


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