{"id":111311,"date":"2025-10-31T21:31:07","date_gmt":"2025-10-31T21:31:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/111311\/"},"modified":"2025-10-31T21:31:07","modified_gmt":"2025-10-31T21:31:07","slug":"putin-humiliated-as-russians-panic-amid-looming-economic-collapse-world-news-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/111311\/","title":{"rendered":"Putin humiliated as Russians panic amid \u2018looming economic collapse – World News – News"},"content":{"rendered":"

With no resolution to the economic chaos in sight, Russians are turning to gold as a safe haven to shield their hard-earned savings.<\/p>\n

Data from Al Banyan Tree Research reveals that Russians have bought 282 tons of physical gold in the form of bars, coins, and jewelry since early 2022.<\/p>\n

This total surpasses the state reserves of several major European economies, including Spain (281.5 tons) and Austria (279.9 tons).<\/p>\n

Russians are expected to maintain their strong appetite for gold investments, according to findings from the Hong Kong-based research firm.<\/p>\n

Projections indicate they will purchase approximately 62.2 tonnes of gold (nearly 2 million troy ounces) throughout this year.<\/p>\n

Gold acquisitions hit an all-time high of 73.7 tonnes last year, up from 71.2 tonnes in 2023 and 60.7 tonnes in 2022.<\/p>\n

In contrast, Russians purchased only 34.8 tonnes in 2020 and 46.8 tonnes in 2021.<\/p>\n

The shift away from traditional safe-haven investments stems from stringent Western sanctions imposed on Russia<\/a>.<\/p>\n

“Individuals have historically preferred to invest in real estate and foreign currency, but after the sanctions-related restrictions, currency became a less convenient way to preserve savings, and since 2022, demand for gold has increased,” Dmitry Kazakov, a Moscow-based analyst at BCS Global Markets, told Bloomberg.<\/p>\n

Kazakov suggested that Russians may have transferred their gold holdings overseas for protection, dealing another setback to the Kremlin.<\/p>\n","protected":false},"excerpt":{"rendered":"With no resolution to the economic chaos in sight, Russians are turning to gold as a safe haven…\n","protected":false},"author":2,"featured_media":111312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,65,219,111,139,69,8105,9663,79671],"class_list":{"0":"post-111311","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-donald-trump","10":"tag-economy","11":"tag-new-zealand","12":"tag-newzealand","13":"tag-nz","14":"tag-russia","15":"tag-vladimir-putin","16":"tag-world-news-section"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/111311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=111311"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/111311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/111312"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=111311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=111311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=111311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}