RUSSIA is NOT Selling Gold-It's BUYING Gold and DUMPING US Treasuries!
Russia has been consistently a big buyer of gold in the last few years.
As Zerohedge reported, “the Russian monetary authority made it quite clear, that at least in November, Russia not only did not sell any gold, but in fact bought another 600K ounces in the month of November.”
As the chart shows below, Russia’s gold holdings have exponentially increased in the last few years:
Russians Gold Holdings Have Increased Greatly
In fact, just a couple of months ago, in September, Russia’s central bank added a very large 37.3 tonnes of the metal to it’s reserves – it’s largest purchase in fifteen years.
Russian Made It’s Largest Purchase of Gold in 15 Years in September
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