Hello dear readers!
Welcome to the Kosar Theme Channel. Today's topic will be gold.
The price of this metal has increased 100 times over almost 200 years. Currently (May 29, 2020) the price for 1 troy ounce of gold is
$ 1,712.88.
For those who do not know, I will inform you that 1 troy ounce is equal to 31.1034768 grams.
It turns out that 1 gram of gold costs 55.07 US dollars (1712.88 USD / 31.1034768 grams). Or in rubles at the rate of the Central Bank of the Russian Federation 3,915.48 rubles (1 USD = 71.1 RUB).
An interesting situation with South Africa. The leader for a long time in the extraction and sale of gold when there was apartheid. As soon as apartheid died, gold production slid to 12th place. It turns out that apartheid did not collapse under the "onslaught" of Mandela and the liberation movement, but was trivial because of the end of gold reserves.
Last year, Russia sold UK gold for a record amount. Moreover, these deliveries increased 11 times, from 10.4 to 113.5 tons. For a total of $ 5.33 billion. Why's that?
Another fact is noteworthy. In March of this year, banks brought a record $ 5 billion to Russia, ten times more than in February. This has been a record inflow over the past six years.
People die for metal. We exchange it for pieces of paper.
