Russia's gold reserve is an instrument of stabilization and guarantee of independence
The modern world lives in the Jamaicancurrency system, created in the late 70-ies of the twentieth century. Its basis is the "floating" rates of major world currencies. The Jamaican system, in turn, replaced the Bretton Woods, according to which the gold equivalent was considered the universal equivalent of the value of a monetary unit. Thus, since 1978, the yellow metal has become just a commodity, the prices for which can rise and fall, depending on the world market. The gold reserve of Russia is an instrument of stabilization and guarantee of independence.
Does this mean that gold has lost some of itsmagic properties, and for this metal is no longer "killing people"? No, it does not. The economic strength of a country is determined by many economic indicators, and one of them is considered a gold reserve, measured in tons, millions of troy ounces or other units of mass. In this case, the expression "has weight" gets the most direct and immediate meaning.
In a global crisis, leading economists often cast doubt on the effectiveness of the Jamaican currency system, there are even voices about the possibility of returning the gold equivalent.
The gold reserve of Russia is bigger than its partis stored in the street of Truth in Moscow. Data on its dimensions are not at present secret, in contrast to Soviet times. However, this information is published once a year, in autumn, which means that the number may well grow. The gold reserve of Russia (2012) as of the beginning of October was 30,000,000 troy ounces, (for reference, 1 tr. = 31.1 g), or 933 tons.
This national treasure is kept in standardingots of several sizes. Gold is heavy metal, so a kilogram bar can disappoint with its more than modest geometric dimensions.
Compared with many other reserves,Russia's gold reserves are not the biggest, but the sixth place among the world leaders means something, especially if we take into account the general trend of its growth. Only this year it has increased by more than three dozen tons.
Some of the decline in Russia's gold reserves went through with the onset of the global financial crisis. Then part of the precious metal was spent in
The dynamics of gold prices is also encouraging,it has a pronounced growth trend. The amount of minerals on the planet is limited, precious metals are used not only for trading operations and making jewelry, they are widely used in engineering, especially in electronic.
The gold reserve of the Russian Federation is replenished due to purchasesprecious metals from mining companies. Large-scale purchase of "yellow metal" from foreign manufacturers makes no sense, huge reserves of natural gold provide an opportunity to manage internal reserves. Exceptions are situations in which the price of this metal suddenly begins to fall due to a sharply increased supply, and it needs to be supported.
The gold reserve of Russia is a guarantee of financial stability of the country, strong positions of the ruble, and its growth testifies to the economic independence of the state.
