Russia Surpasses China With Massive Gold Purchases in January

by Louis Cammarosano, Russia Insider:

Steady purchases every month since early 2014 have Russia now holding more gold than China with its $3 trillion in international reserves

Russian Central Bank Gold Reserves Rise to 1,857 Tons in January, Passing People’s Bank of China’s 1,843 Ton Gold Hoard.

• Russian gold reserves are now the fifth largest in the world.

• Russia added 600,000 ounce of gold (18.66 tons) to reserves in January.

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  Russia added a record 224 tons of gold to reserves in 2017.

   

• Since June 2015, the Central Bank of Russia has added over 576 tons of gold to reserves.

• Overall Russian reserves rose from $432.742 billion in December to $447.735 in January.

• Russian holdings of U.S. Treasuries top $100 billion for ninth month in a row.

• Gold reserves worth $80.4 billion constitute 17.95% of overall Russian reserves.

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