The Central Bank of Russia and People’s Bank of China Resume Hefty Gold Purchases In June – Podcast

Russian and Chinese Central Banks Up Their Gold Reserves in June.

India Silver and Gold Imports Remain at Lower Levels in 2016.

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Russian, Chinese and Indian Gold and Silver Update

Yesterday, (Fired-up Friday) Rory Hall and I from the Daily Coin held our bi-weekly Russia and Asian gold and silver update call. Prior to discussing the Russian, Chinese and Indian gold and silver central bank acquisitions and imports, we discussed the underfunded pensions and social security situation in the United States.

In January 2013, we noted the possiblity that the US government may make mandatory the purchase of US bonds for retirement accounts.
In January 2014, we noted President Obama’s “MyRA” proposal at his state of the union address where by employees could’invest’ in U.S treasuries via their employer’s payroll deduction. This led to a discussion (rant) on the state of the U.S. economy and stock market valuations.

Later during the call we discussed gold and silver in Russia, China and India. You can follow that discussion by viewing the charts and visiting the links below.

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Chinese Gold Reserves

PBOC gold reserves 2009-2016 through June

The People’s Bank of China added almost 15 tonnes of gold to reserves in June 2016 and none in May.

Russian Gold Reserves

Russian Central Bank gold reserves 2014- 2016 June

Russia has added 13.5 million ounces (approximately 429 tons) to its reserves from June 2014 through June 2016.

Russian and Chinese Central Bank Additions to Gold Reserves August 2015 - June 2015

Russia added 67 more tonnes of gold to its reserves than China from August 2015 – June 2016.

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India Gold

ndian gold imports July 2014 - april 2016  Smaulgld

While Indian gold imports rose month over month in April, they are down significantly from last year.

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India Silver

Monthly Indian Silver Imports

Indian Silver Imports Aug 2014 -April 2016 smaulgld

India is on pace to import about 5,000 tons (approximately 160 million ounces) of silver in 2016.

indian silver imports vs ases and global mining production

India’s silver demand requirements in 2015 strained global silver supply.

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Chinese Gold Archives

Russian Gold Archives

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Dow vs gold july 22 2016

The Dow has outperformed gold in 2016.

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