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In this clip, Pyotr discusses the critical role of gold in Russia's economy, particularly in the context of the ongoing war in Ukraine. He explains how the significant reduction in gold reserves signals a financial crisis for the Kremlin, which is forced to sell gold to maintain military salaries and avoid internal instability. The discussion also highlights the implications of these actions on military recruitment and the broader economic landscape, including inflation and the response of oligarchs. Ultimately, Kurzin emphasizes that the situation reflects a system nearing its limits, with elite confidence in the Kremlin's future dwindling. MAIN CHANNEL: / @theglobalgambit SUPPORT PYOTR: ► Patreon: / theglobalgambit ► Buy Me A Coffee: https://www.buymeacoffee.com/thegloba... FOLLOW PYOTR: ► 𝕏/Twitter: (@pkurzin): / pkurzin ► Substack: (The Global Gambit) https://pyotrskurzin.substack.com/ Chapters 00:00 The Significance of Gold in Russia's Economy 02:49 Consequences of Gold Sales on Military Recruitment 04:16 The Interplay of Oligarchs and Kremlin's Financial Strategies #russia #putin #geopolitics #gold #economy