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Wednesday, October 21, 2015

Russian central bank accumulates another 34.2 tonnes of gold

http://lawrieongold.com/2015/10/21/russian-central-bank-accumulates-another-34-2-tonnes-of-gold/

Russia continues to amass more gold in its reserves with the purchase of another 34.2 tonnes in September, bringing its total to around 1,353 tonnes – or around 13% of its total foreign exchange reserve figure.  This is Russia’s second highest monthly total purchase in six years and represents yet another indicator of its continuing desire to downplay the significance of the U.S. dollar holding in its overall forex reserve make-up.

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