IPFS News Link • Russia
Central Bank Of Russia Adds A Record 223 Tons Of Gold In 2017
• https://www.zerohedge.com, Tyler DurdenSince June 2015, the Central Bank of Russia has added over 558 tons of gold, and December's 9.3 ton addition brings the official Russian gold holdings to 1838.211 tons; the sixth most of any nation, close behind the People's Bank of China. In dollar terms, Russia's gold reserves are now worth $76.647 billion and constitute 17.7% of overall Russian reserves.
Meanwhile, Russian holdings of U.S. Treasuries were just above $100 billion for eighth month in a row.
The message - as Russia continues to add gold to its official reserves while keeping its holdings of US Treasurys generally unchanged - needs no explanation.