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“Gold Bar Owners Face Big Losses Amid Economic Turmoil”

Owners of gold bars are in big trouble

Approximately a year ago, when the NWO began and unprecedented sanctions were imposed on Russia in the form of the supply of cash currency, our people rushed to buy gold. More than a year has passed and it is already possible to draw preliminary results, and they are disappointing for the owners of the precious metal.

Losses from such investments brought billions in losses!

According to official data from the largest Russian banks, the purchase of gold by Russians broke records last year. Only Sberbank customers bought 10.9 tons of precious metal. The clients of another bank, VTB, turned out to be a little more modest, and they became owners of about 2 tons of gold. PSB sold about a ton of gold to its clients. Smaller banks also saw demand for gold.

The most interesting thing is what happened next. If we look at prices that were at their peak in March 2022, then in Sberbank branches, prices per gram of gold were at around 7264 rubles, and after a few months they almost halved to 3201 rubles.

If we make some simple calculations with the help of a calculator, we get that only Sberbank customers lost more than 2 billion rubles as a result. The losses of clients of other banks were smaller, but even there the amounts were large.

The main reason for losses from investing in gold is the dollar. He instantly fell in price from 120 to 55 rubles. It is logical that the price of gold has fallen by more than two times.

To date, the dollar is worth 80 rubles, and the cost of gold on international exchanges has grown slightly. But if you look at what gold costs, for example, in VTB Bank, then its price is at the level of 5400 rubles. And its cost is still lower than it was in March 2022. Some of the losses were repulsed, but they are still great.

Not always what glitters can be called gold, and gold does not always bring benefits to its owners.

Photo source: pixabay.com

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