Tuesday , June 15 2021
Home / Mark O'Byrne /Russia’s 2019 Gold Rush Continues: Buys 600,000 Ounces of Gold In March

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

Summary:
– 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 billion of Treasuries in April and May as holdings collapsed from near 0 billion to just 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

Topics:
Mark O'Byrne considers the following as important:

This could be interesting, too:

Charles Hugh Smith writes The Covid-19 Dominoes Fall: The World Is Insolvent

Charles Hugh Smith writes Goodbye to All That: The Demise of Globalization and Imperial Pretensions

Stacy Herbert writes [KR1513] Keiser Report | Thinking Exponentially

Charles Hugh Smith writes And Then Came the Lawsuits: Pandemic in a Litigious Society

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

Click here to read full story on GoldCore.com.

  Watch Video Here

Leave a Reply

Your email address will not be published. Required fields are marked *