The modern world lives in the conditions of the Jamaicanmonetary system established in the late 70s of the twentieth century. It is based on floating rates of major world currencies. The Jamaican system, in turn, changed the Bretton Woods, according to which the gold equivalent was considered the universal equivalent of the value of a particular monetary unit. Thus, since 1978, the yellow metal has become just a commodity, prices for which can rise and fall, depending on the world market situation. The gold reserve of Russia is a tool for stabilization and a guarantee of independence.
Does this mean that gold has lost some of itsmagical properties, and for this metal no longer "die people"? No, it does not mean. The economic power of a country is determined by many economic indicators, and one of them is considered to be gold reserves, measured in tons, millions of troy ounces or other mass units. In this case, the expression "has weight" gets the most direct and immediate meaning.
In the context of the global crisis, leading economists often express doubts about the effectiveness of the Jamaican monetary system, there are even voices about the possibility of returning the gold equivalent.
Most of Russia’s gold reservesstored on the street in Moscow Truth. Data on its size is currently not a secret, unlike in Soviet times. However, this information is published once a year, in the fall, 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.un. = 31.1 g), or 933 tons.
This national treasure is kept in standardingots of several sizes. Gold is a heavy metal, so a kilogram ingot may disappoint with its more than modest geometric dimensions.
Compared to many other reserves,Russia's gold reserves are not the largest, but the sixth place among world leaders means something, especially considering the general trend of its growth. This year alone it has increased by more than three dozen tons.
Some decline in Russia's gold reserves experienced with the onset of the global financial crisis. Then a piece of the precious metal was spent in
The dynamics of gold prices are also encouraging,It has a pronounced growth trend. The number of minerals on the planet is limited, precious metals are used not only for trading operations and the manufacture of jewelry, they are widely used in technology, especially electronic.
The gold reserve of the Russian Federation is replenished through purchasesprecious metals from mining companies. There is no sense in acquiring the “yellow metal” from foreign producers on a large scale, the huge reserves of natural gold make it possible to manage with internal reserves. The exceptions are situations in which the price of this metal suddenly begins to fall due to a sharply increased supply, and it must be supported.
The gold reserve of Russia is a guarantee of the financial stability of the country, the strong position of the ruble, and its growth indicates the economic independence of the state.
