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News Link • Russia

Central Bank Of Russia Adds A Record 223 Tons Of Gold In 2017

•, Tyler Durden

Since 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.

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