Ask Russia, they are making bank on it. Especially with the rubble not being wor... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		LunaSea 56 days ago \| parent \| context \| favorite \| on: Repatriate the gold': German economists advise wit... Ask Russia, they are making bank on it. Especially with the rubble not being worth much.

rwmj 56 days ago [–]

Are they? I would have thought that Russia's oil exports to countries that are ignoring/bypassing sanctions are far more valuable to them.

LunaSea 56 days ago | [–]

Of course, but the price increase of gold made their reserves that much more valuable. The worth of their gold reserves increased by 200B since 2022.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact