The article clarifiesthe gold andforeign exchange capabilities ofthe Soviet state, analyzesthe process offormation and use bythe Soviet government of gold-platinum funds of the state budget. On the basis of archival material, the state of the gold reserve, sources of replenishment, and the expenditure of foreign exchange resources are analyzed. The ways of accumulation and export of precious metals from the country, creation of public finances and maneuvering with the available resource are revealed.