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Russia adds 18.7 tonnes of gold to reserves in March

IMG Auteur
USA Gold
 
Published : April 25th, 2019
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Scrap Register/4-24-2019

“This increased Russia’s total gold reserves to 69,700,000 ounces or 2,167.9 tonnes, the central bank stated. Gold represents around 18% of the central bank’s total reserves. During the first quarter of 2019, Russia acquired 56 tonnes of the precious metal, buying 37.3 tonnes of that in January and February.”

USAGOLD note:  It is unclear at this juncture if all of the additions to Russia’s reserves are coming from its gold mining sector.  There has been speculation among some analysts that in addition Russia has been  purchasing gold on the open market.
Read the rest of the article at USA Gold
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