not really i’m afraid, mainly because the average russian has literally no savings, and among the ones that do the average amount of savings will buy you like 20-30 grams of gold, which isn’t an amount you can buy iiuc, plus there are issues with storage, and liquidity
ppl who have enough savings to buy into gold just keep their money in usd or some other foreign currency 🤷♀️
Is putting savings into something like gold a realistic option for average Russians with savings?
forgot to mention, there’s a 20% value added tax on buying gold, making this option even less attractive
not really i’m afraid, mainly because the average russian has literally no savings, and among the ones that do the average amount of savings will buy you like 20-30 grams of gold, which isn’t an amount you can buy iiuc, plus there are issues with storage, and liquidity
ppl who have enough savings to buy into gold just keep their money in usd or some other foreign currency 🤷♀️
this article is worth a read https://lemmy.ml/post/221937