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Friday, November 20, 2015

Russia Selling US Treasury Securities and Buying Gold

Today, the Central Bank of the Russian Federation issued its official October 2015 reserves and other foreign currency assets report. The report indicated that Russian gold reserves increased by 600,000 ounces from its September 2015 report to 44.1 million ounces.


Russia added 600,000 ounces of gold to its reserves in October 2015.

Since 2009 Russia has added more than 763 tons of gold to its reserves more than China who added (668 tons) during the same time period.

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