– Russian Banks Buy 181.4 Tons Of Gold In 2013 (ZeroHedge, Dec 2013):
With headlines crowing of gold’s worst year since 1981 as a signal that the status quo is winning and proof positive that fiat-currency naysayers must be wrong, it would appear that the rest of the world’s central banks (and banks) have used the price depreciation to stack the precious metal. As Bloomberg reports,
- *RUSSIAN BANKS BOUGHT 181.4 TONS OF RUSSIAN GOLD IN 2013: RIA
- *RUSSIAN BANKS BOUGHT ALMOST 90% OF RUSSIA 2013 GOLD OUTPUT: RIA
This 5.834 million ounce addition (8.3% YoY) is more than double that of Russia’s central bank additions in 2013 with Bitcoin-favoring Sberbank piling up 48.5 tons alone in 2013.
Russia’s central bank added 2.485 million ounces to November – so the bank additions are very large…
Biggest buyers according to Finance Ministry include Sberbank (48.5 tons), VTB (38.9 tons), Gazprombank (29.1 tons), Nomos Bank (19.6 tons), Lanta Bank (8.6 tons).
So, like China, we are sure Russia will be sending a big “Thank You” to the Fed (and BIS) for their efforts.
4 thoughts on “Russian Banks Buy 181.4 TONS Of Gold In 2013”
Russia seems the only nation that is run by a man who has the welfare of Russia in mind, not the global corporations. Pity the US cannot get such leaders, instead, all we get are corporate stooges. Look at what that has done to Japan. Corporations should never run nations.
thank you Russia..pls buy more!
It seems all is not quite as set in stone as portrayed.
If Vlad is not happy with Jake & Evelyn, he can choke the RCB.
That would screw them & force retribution whilst he re-invents the Ruble.
How the Chess Master handles that depends on his relationships with the Ayatollah, Pranab Mukherjee of India & President Xi JinPing of China.
Evens I guess, as the Rothschilds are masters of deception.
It seems he has worked very hard to hit America in return for their sanctioning Russia, and rightly so.