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Russia Dumps Massive Amount of U.S. Treasury Holdings--Becomes World's Largest Holder of Gold


Russia's holdings of United States Treasury bonds is currently at its lowest point in 11 years as the country opts to invest in gold instead.

Moscow, Russia – The Russian government has drastically reduced their holdings of United States Treasury bonds, with Russian ownership of U.S. bonds declining from $96.1 billion in March to $48.7 billion in April—and then further reducing their holdings to just $14.9 billion in May; an 11-year low.

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