Russia's Gold is GONE! Why is Putin selling it now?

Silicon Bites Ep317 | 2026-04-15 | Russia’s gold reserves are going, going, gone. The kremlin starts eating its war chest. For the first time in nearly a quarter century, Vladimir Putin is selling Russia's gold. Not lending it. Not shuffling it from one Kremlin pocket to another. Selling it. On the open market. To pay for a war he cannot win and cannot stop.Here is what just happened, confirmed by The Moscow Times on March 24th and corroborated by the World Gold Council, Euromaidan Press, and Ukraine's Foreign Intelligence Service. In January, the Central Bank of Russia liquidated 300,000 troy ounces of physical gold. In February, another 200,000. Roughly fourteen metric tons in two months — the largest bullion drawdown since the second quarter of 2002. Russia's total gold reserves have collapsed to 74.3 million ounces, the lowest level since March 2022 — the month the full-scale invasion began.And the bigger picture is uglier still. According to Russia's own Ministry of Finance data reviewed by The Moscow Times, the gold held in the National Wealth Fund — the sovereign rainy-day pot — has been slashed by 71 percent since May 2022. From 554.9 tons down to roughly 160. Three quarters of the war chest. Gone.----------SUPPORT THE CHANNEL:https://www.buymeacoffee.com/siliconcurtainhttps://www.patreon.com/siliconcurtainhttps://www.gofundme.com/f/scaling-up-campaign-to-fight-authoritarian-disinformation----------SOURCES:The Moscow Times, "Russia's Gold Sales Hit Highest Level Since 2002 as Budget Pressures Mount," March 23, 2026United24 Media, "Russian Central Bank Drains Gold For the First Time Since 2002 as War Deficit Mounts," March 2026 United24 Media, "Russia Liquidates 71% of Its Gold Reserves to Finance War Effort," January 21, 2026 Euromaidan Press, "Gold down 27%, Urals up 71% — Russia's sanctions hedge melts as its oil budget fills," March 24, 2026 UAWire, "Russia sells gold reserves for first time in 25 years to cover budget deficit," March 2026 NV / The New Voice of Ukraine, "Russia sells gold reserves for first time in 25 years to cover budget gap," March 2026The Gold Forecast / Kitco News, "Russian restrictions on gold could exacerbate selloff," March 25, 2026 Arabic Trader, "Russia bans the export of heavy gold bars starting from this date" (Putin decree, TASS), March 2026 ----------SILICON CURTAIN LIVE EVENTS - FUNDRAISER CAMPAIGN Events in 2025 - Advocacy for a Ukrainian victory with Silicon Curtainhttps://buymeacoffee.com/siliconcurtain/extrasOur events of the first half of the year in Lviv, Kyiv and Odesa were a huge success. Now we need to maintain this momentum, and change the tide towards a Ukrainian victory. The Silicon Curtain Roadshow is an ambitious campaign to run a minimum of 12 events in 2025, and potentially many more. Any support you can provide for the fundraising campaign would be gratefully appreciated. https://buymeacoffee.com/siliconcurtain/extrasWe need to scale up our support for Ukraine, and these events are designed to have a major impact. Your support in making it happen is greatly appreciated. All events will be recorded professionally and published for free on the Silicon Curtain channel. Where possible, we will also live-stream events.https://buymeacoffee.com/siliconcurtain/extras----------