Russia has a $140 billion stockpile of gold, but no one wants to buy it

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As with oil, sanctions are making it incredibly difficult for Russia to trade the gold.

The fifth-largest stockpile of gold in the world belongs to Russia, valued at nearly $140 billion.Demand for gold is still high within the country as the ruble has crashed to record lows.

And like oil, Russia holds some of the world's largest reserves of gold — some 2,300 tons of it, worth nearly $140 billion. But as with oil, sanctions are making it incredibly difficult for Russia to actually realize the value of its holdings.

 

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