No one wants to buy from Russia's $140 million gold stash “Russia has a $140 billion stockpile of gold, but no one wants to buy it.”
“Last week, London's gold marketplace — the most important center in the world for bullion — banned all bars from Russian refineries, effectively shutting it out of the global trade.”
“The US Senate followed that move with a new bill that would prohibit US citizens from making any transaction that involves Russian gold.”
“The fifth-largest stockpile in the world belongs to Russia …”
"’This is why they bought their gold, it was for a situation just like this,’ Cork University Business School lecturer Fergal O’Connor told Bloomberg. ‘But if no one will trade it with you, it doesn't matter.’"
https://www.businessinsider.com/russia-has-140-billion-gold-stash-that-no-one-wants-2022-3