The topic of gold reserves is increasingly discussed in the international media. Donald Trump, for example, suggested an audit of America's gold reserves to ascertain just how much the country truly has. The question of Germany's gold reserves, kept in the United States for decades, has begun to worry the German public, which begins to think it's necessary to return those reserves home. So it's no surprise that many Russians also wonder what's up with their country's gold reserves and where they're hidden.
Russia ranks sixth in the world in gold reserves, and the Russian Central Bank said they total 1,614.27 tons, which is 15 percent more than last year.
The Russian Central Bank is one of the world's leading gold buyers, and in February 2016 it purchased more than 10 tons of gold.
"When prices are low, governments increase gold reserves, and this often owes to traditions and historical reasons," said Anton Tabakh, an economist and professor at the Higher School of Economics. "In the reliability-liquidity-profitability triad, gold is marketable but prices greatly vary." ...
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