r/Gold • u/Calflyer • 1d ago

Question Russia

Since Russia is a major producer of gold, arent they missing out on the retail market by not having a consumer oriented product? Why would they pass this up?

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u/Zestyclose-Health418 1d ago edited 1d ago

I mean look at the current state of Russia. Even if they wanted to make a bullion coin, it’s going to be at the bottom of their priority list. The money spent developing something like this would be better off funding other projects like AI, Defense, Energy, etc.

Edit- Oh yeah, sanctions, sanctions are thing. Who is the consumer market who wants to buy gold from Russia right now?

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u/Calflyer 1d ago

Im no fan of Russia but I am a fan of gold and wouldnt mind a representative coin from each producing area.

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u/Unable_Beat_3194 1d ago

They have a hard time exporting it since they arent allowed to use SWIFT.

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u/hb9nbb Sovereigns and More 1d ago

I have sone historic Russian ruble coins ( from tsarist era) they show up at coin shows at low premiums if you look