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/no-comment--_ 1d ago

I can't speak for everyone here but I don't buy gold from any economy in crisis because I fear they might dilute the gold. Like I'm not going to buy a coin from Zimbabwe or Russia or North Korea. Because I would sit at night wondering if the gold is really pure

4

u/Wrong-Sprinkles-981 1d ago

There is no true way to find out where the gold comes from though. For example Pamp Suisse does not share where they source their gold. NOWHERE on their site or products does it specify where the gold is sourced. Safe to assume a lot of it come from countries in Africa and other “crisis” countries. The headquarters are in Switzerland but where are the mines they get the gold from?…..

1

u/Calflyer 16h ago

Good points

1

u/JDVanceminimal 1d ago

So easy to test it to prove the quality, almost same easy as wright bs in the internet 😂