Russian Gold Reserves April 2016 .
The Central Bank of the Russian Federation added 500,000 ounces (15.55 tonnes) of gold to its reserves in April.
Russia adding gold to reserves at a faster pace than China
Russia now has 1,477 tonnes of gold in reserve; the sixth most of any nation.
Russian Gold Reserves
After adding 6,700,000 ounces (208 tonnes) of gold to her reserves in 2015, 700,000 ounces (21 tonnes) in January 2016, 300,000 ounces (9.33 tonnes) in February and 500,000 ounces in March, the Central Bank of the Russian Federation announced today that it had added another 500,000 ounces of gold (15.55 tonnes) to its reserves in April 2016.
The report indicated that Russian gold reserves increased by 500,000 ounces from its March 2016 report to 47.5 million ounces (1477.42 tonnes).
Russia added 500,000 ounces of gold to its reserves in April 2016.
Since 2009, Russia has added more than 852 tons of gold to its reserves more than China who added about 754 tons during the same time period.
Russian Monthly Gold Purchases June 2014 – April 2016
Russia has added 12.8 million ounces (approximately 398 tons) to its reserves from June 2014 through March 2016.
Russia Adding Gold To Reserves At A Faster Pace Than China
From August to April 2016 China added 131 tonnes of gold to its reserves, while Russia added 189 tonnes, or 44% more.
Russia added 59 more tonnes of gold to its reserves than China from August 2015 – April 2016.
According to the World Gold Council, Russia holds the sixth most gold of any nation.
Overall Russian Reserves Increasing
The reserves of the Central Bank of Russian have grown $20 billion since January. Rising oil prices, however, may curb Russia’s need to continue to build reserves
According to the Russian Central Bank, January official reserves assets were $371,559.1 million of which foreign currency reserves were $302,759 million.
In February, official reserves assets grew to $380,544.3 million and foreign currency reserves increased to $311,094.4 million.
In March, official reserves assets grew to $387,008.1 million and foreign currency reserves increased to $317,834.9.
In April, official reserve assets grew to $391,521.1 million and foreign currency reserves increased to 319,000.9 million.
Gold represented about $60 billion of Russia’s overall reserves in April 2016, or about 15%.
Russia’s foreign reserves, were the only major emerging market central bank that showed a gain over the past year.
Russian U.S. Treasury Holdings
Russia’s U.S. Treasury Bond Holdings January 2014-February 2015
The Russian Central Bank has increased its US Treasury reserve holdings selling off a good portion of them in the summer of 2015.
As of February, 2016, Russia held $87.6 billion in U.S. Treasury Bonds down from $131.8 billion in January 2014 but up from $66.5 billion in April 2015.
Russia reduced their U.S. Treasury bond holdings in February 2016 by $9.3 billion from January, bringing their total to $87.6 billion
Roubles For Gold
Increasingly, Russia has been buying up more of their gold mining production, in effect converting roubles into gold.
Russia is retaining an increasing percentage of its gold mining output.
Adding gold to reserves has helped Russia offset the loss of value in the rouble vs. gold over the past year.
If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.
Get Free Updates From Smaulgld.com
Subscribe to Smaulgld.com for free to receive gold and silver updates and analysis.
Further Reading:
Russian Gold Reserves (monthly archive)
Russia’s U.S. Treasury Holdings vs. Gold Reserves
Top Foreign Holders of U.S. Treasuries
Gold Repatriation Requests (updated regularly)
The Smaulgld Gold Buying Guide
Gold Reserves By Country – Top 20
Russia, Ukraine and the Dollar
Are Russia and China Moving Against the Dollar
Gold and Silver Price Manipulation – Suspected
Gold and Silver Price Manipulation – Actual
Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.
You can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM Bullion, BGASC, Bullion Vault, Gold Broker, Golden Eagle Coin, GoldMoney, SD Bullion, Perth and Royal Canadian Mint ads on the site.
DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.
Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.
The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.
The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.
Send Litecoin to this address:
