Finansnyheder

Russia’s 2019 Gold Rush Continues: Buys 600,000 Ounces of Gold In March

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Via Max Keiser

– Russia buys 18.7 tonnes of gold bullion in March 2019
– Russia’s official gold holdings are now 2,150.5 tonnes which as a percent of foreign exchange reserves in gold is 19.1% (see table)
– Russia liquidated 85% of its US Treasury holdings in just two months in April and May 2018
– Russia dumped over $90 billion of Treasuries in April and May as holdings collapsed from near $100 billion to just $9 billion

– Russia sees gold’s role as independent currency and safe haven as is a “100% guarantee from legal and political risks”
– Russia and China’s gold buying is set to continue and may accelerate

Source: Goldchartsrus.com

Russia and it’s central bank added another 600,000 troy ounces or 18.7 tonnes of gold to its reserves in March according to the latest figures released in a press release by the Russian central bank on Good Friday.

 

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