Russian Central Bank Gold Reserves Rose to 2,251.892 Tons in October.
Serbia, Hungary, Poland, Belarus join Russia in Gold Buying Binge.
Russia added 300,000 ounces of gold (9.33 tons) to reserves in October.
Russian gold reserves are the fifth largest central bank holdings in the world.
Russia added a record 271 tons of gold to reserves in 2018.
Since June 2015, the Central Bank of Russia has added over 998 tons of gold to reserves.
Overall Russian reserves rose from $475.944b in January to $540.917b in October.
Gold reserves worth $107.902 billion constitute 19.9% of overall Russian reserves.
The Central Bank of Russia added 86% of its domestic gold mining production of 314 tons to reserves in 2018.
Watch the video companion to “Eastern European Gold Reserves Swell, As Western European Gold Reserves Stagnate”
Watch Video on Bitchute
Russia Adds Another 9.33 Tons of Gold in October
After adding 6,700,000 ounces (208 tonnes) of gold to reserves in 2015, the Russian Central Bank added 6,400,000 ounces (199 tonnes) in 2016, another 224 tons (7,202,000 ounces) in 2017</a> and a record 271 tons (8,700,000 ounces) in 2018.
Today, the Central Bank of Russia revealed that their gold reserves increased by another 300,000 ounces or 9.33 tons in October bringing their 2019 gold acquisition to 137 tons and total gold reserves to 2,252 tons worth $107.902 billion as of the end of October 2019.
The chart below shows the Central Bank of Russia’s Gold Reserves by month with tonnage rounded to the nearest metric ton.
The Central bank of Russia has added about 998 tons of gold to reserves from June 2015 – to October 2019.
Russian Central Bank gold reserve buying has averaged well over 200 tons a year since 2015.
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Russian Monthly Gold Purchases June 2014 – October 2019
Sign Up For Smaulgld.com Updates Here!
Russia has the fifth largest gold reserves of any nation.
Compare American Silver Eagles for sale at:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
While Russia leads the world’s central banks in gold acquisition, each year India imports three to nearly five times the amount of gold that Russia adds to reserves on an annual basis.
The Russian Central Bank announced that it would begin buying gold on the Moscow Stock Exchange.
Source USGS/Central Bank of Russia
Russia is retaining an increasing percentage of its gold mining output.
Sign Up For Smaulgld.com Updates Here!
Roubles For Gold
Increasingly, Russia has been buying up more of their gold mining production, in effect converting roubles into gold.
Russia does little trade with the United States and has been subject to a series of U.S. inspired sanctions for the past few years. As a result, while Russia had been working on increasing its overall foreign reserves in recent years, it focused more on adding gold than U.S. Treasuries.
Russian Gold Reserves vs. U.S. Treasury Holdings
Russian U.S. Treasury and gold reserves source: U.S. Treasury TIC report and Russian Central Bank, respectively.
Further reading on Russia’s gold production:
Russia’s VTB bank to supply 15-20 T of gold to China in next 12 months
Russia to increase gold production
Russian gold and reserve data from the Central Bank of the Federation of Russia
Donations to :Smaulgld LLC
PO Box 714
Dover NH 03821
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
Smaulgld Super Classic Mug – $23.99 with Free Shipping in the Continental United States.
Get Mugged!
Smaulgld Classic Mug – $19.99 with Free Shipping in the Continental United States.
You can buy Bitcoin, Ethereum and Litecoin through Coinbase.
Click HERE to open a coin base account and get $10 of free Bitcoin.*
Check out all the Smaulgld podcasts here.
Not a Smaulgld subscriber? Sign up here.
Donate To Smaulgld.com via paypal
You can support Smaulgld.com by ordering your gold and silver by clicking on the Bullion Vault, Gold Broker, Golden Eagle Coin, GoldMoney, Money Metals Exchange, SD Bullion 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:
