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Tuesday, July 22, 2014

Russia Adds 500,000 Ounces Of Gold Reserves In June 2014

Based on the latest update of the Russian central bank, it appears that Russia has added another 500,000 ounces of physical gold to their reserves.

Total Russian gold reserves now stand at 35,200,000 ounces, which equals 921,35 tonnes.

Russia is among the top 8 countries based on the officially reported gold reserves.

The following chart, courtesy Sharelynx, shows the increase of Russian gold reserves over the last 8 years.

The latter part of the chart shows the monthly change.

It is very interesting to note how over the last 8 years, only 4 months have been slightly negative against an overwhelming number of positive months (in terms of additions).

Credit to Etfdailynews.com

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