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- With euros and dollars in short supply, Russians are saving their money in gold.
- Demand for gold bars and coins in Russia jumped nearly fivefold last year from 2021.
- Russia has spurred the switch into gold by restricting sales of foreign currency and scrapping VAT on the yellow metal.
Moscow's war on Ukraine sent Russians lining up to buy gold bars and coins as they sought a safe haven for their savings, causing the country's appetite for the metal to almost quintuple.