Loading ...Russians Buy Gold Again In June – Another 25 Tonnes
Submitted by GoldCore on 07/22/2015 08:14 -0400
Russians Buy Gold Again In June – Another 25 Tonnes
– Russia adds another 800,000 ounces or 25 tonnes to gold reserves in June
– Russia’s has sixth largest gold reserves in the world
– Allocates 13% of FX reserves to gold
– Central bank buys all Russian gold production
– Other Russian gold demand imported
– If billionaire oligarchs diversify into gold, prices will rise sharply
– Russia views gold bullion as “100% guarantee from legal and political risks”