Russia Adds 300,000 Ounces of Gold to its Reserves July 2014
Russia’s De-Dollarization Efforts Continue as They Add Another 300,000 Ounces of Gold to Their Reserves in July.
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Russia adds another 300,000 ozs of Gold to its Reserves in July
Russia’s de-dollarization efforts continued in July as they added another 300,000 ounces of gold worth approximately $390 million to their burgeoning reserves. Russia has added 1.1 million ounces of gold to its reserves in the past three months.
As of the end of July 2014, Russia’s gold reserves are approximately 36 million ounces, up nearly three fold since 2008. Russia’s gold reserves place them in the top ten nations by gold reserves
Russia is also the world’s third largest gold producer.
Later this week, we will examine the importance of gold to nations and individuals. There will be plenty of data and charts to review!
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