Russia Continues Gold Buying Spree in June

Central Bank of Russia Continues to Boost Overall Reserves in June.

Central Bank of Russia adds Gold and U.S. Treasuries to reserves.

Central Bank of Russia added 300,000 Ounces (9.33 tonnes) of Gold To Reserves in June.

Since June 2015, the Central Bank of Russia has added over 435 tons of gold to reserves.

Russian Holdings of U.S. Treasuries Top $108 Billion – Highest Since September 2014.

Russia’s Central Bank holdings were at 1,717 tons of gold at end of June 2017; the sixth most of any nation.

Overall Russian Reserves rose from $405.721 billion in May to $412.239 billion in June.

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Russian Gold Reserves

After adding 6,700,000 ounces (208 tonnes) of gold to her reserves in 2015, the Russian Central Bank added another 6,400,000 ounces 199 tonnes) in 2016.

The Central Bank of Russia ended 2016 with 1614.267 tonnes of gold on their balance sheet.

Central Bank of Russia has added 3.3 Million ounces (approximmately 103 tonnes) in 2017 through June.

In June 2017, the Central Bank of Russia added 300,000 ounces (9.331043 tonnes) of gold to reserves, raising her total to 1716.912 tons or 55.2 million ounces. In May, the Central Bank of Russia added 700,000 (21.77 tonnes) of gold to her reserves. In April, the Central Bank of Russia added 200,000 ounces (6.22 tonnes) after adding 800,000 ounces (24.882 tonnes)in March, 300,000 ounces (9.331043 tonnes) in February and 1,000,000 ounces (31.104 tonnes) in January.

The chart below shows the Central Bank of Russia’s Gold Reserves by month with tonnage rounded to the nearest metric ton.

Central Bank of russia gold reserves june 2015-June 2017

The Central bank of Russia has added approximately 436 tons of gold to her reserves from June 2015 – to June 2017.

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Since 2009, Russia has added over 1,000 tons of gold to its reserves more than China who added about 775 tons during the same time period.

Russian Monthly Gold Purchases June 2014 – June 2017

Russian monthly gold purchases June 2014-June 17

Russia has added 20.5 million ounces (approximately 638 tons) to its reserves from June 2014 through June 2017.

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Russia Adding Gold To Reserves At A Faster Pace Than China

From March 2016 to May 2017 China added 45 tonnes of gold to its reserves, while Russia added 246 tonnes, or 447% more.

The People’s Bank of China’s gold reserves as of June 2017 are at the same level as of October 2016. The Central Bank of Russia added 5.6 million ounces (174.1795 tons) of gold from October 2016 to June 2017.

Russian and Chinese central bank monthly gold additions November 2015 - November 2016

Russia has added about 122 more tonnes of gold to its reserves than China from November 2015 – November 2016.

Roubles For Gold

Increasingly, Russia has been buying up more of their gold mining production, in effect converting roubles into gold.

Russian Gold mining production vs gold added to reserves 2006 - 2016

Russia is retaining an increasing percentage of its gold mining output.

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Gold reserves by country top ten July 20 2017

Russia has the sixth largest gold reserves of any nation.

Overall Russian Reserves

The reserves of the Central Bank of Russian have grown $40 billion or about 11% since January 2016.

Gold represented about $68.77 billion of Russia’s overall reserves at the end of June 2017, or about 16.7%.

Russian Foreign and Currency Reserves Jan 2016 - June 2017

Overall Russian Central Bank foreign reserves grew approximately 11% since January 2016.

Russian U.S. Treasury Holdings

Russia’s U.S. Treasury Bond Holdings 2014 – 2017

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 May 2017, Russia held $108.7 billion in U.S. Treasury Bonds down from $131.8 billion in January 2014 but up from $66.5 billion in April 2015.

Russian holdings of US Tbonds Jan 2014 - May 2017

Russian Holdings of U.S. Treasuries in May 2017 were at their highest level since September 2014.

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Russian gold and reserve data from the Central Bank of the Federation of Russia

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

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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)

Gold Supply and Demand

The Importance of Gold

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

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