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News Link • Precious Metals

Russia Buys 22 Tons Of Gold In May

06-30-2010 • ZeroHedge.com

Ten days ago we reported the most recent data on gold reserve holdings as presented by the World Gold Council, where we pointed out that Russia had purchased 27.6 tons of gold in the most recent reporting period, bringing its total to 668.6 tons. It appears Russia is only getting started. According to the latest IMF data, in the period between April and May, Russia added another 22.5 tons, bringing its May total to a fresh record of 703.1 tons.

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Reported By Jack Gregson

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