Russian Central Bank Adds 700,000 Ounces of Gold To Reserves in October.
Since June 2015, the Central Bank of Russia has added over 520 tons of gold to reserves.
October’s 21.77243 ton gold addition bring Russia’s Central Bank holdings to 1800.89 tons; the sixth most of any nation, close behind the People’s Bank of China.
Overall Russian Reserves rose from $424.766 billion in September to $424.857 billion in October.
Russian Holdings of U.S. Treasuries Top $100 billion for sixth month in a row.
Gold reserves worth $73.7 billion constitute 17.3% of overall Russian reserves.
Watch the video report to this report
or watch on Bitchute
or Vidme Below
Check out all the Smaulgld podcasts here.
Not a Smaulgld subscriber? Sign up here.
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 6.0 Million ounces (approximately 186.6209 tonnes) in 2017 through October.
In October 2017, the Central Bank of Russia added 700,000 ounces (21.77243 tons) of gold to her reserves, raising her total to 1800.89 tons or 57.9 million ounces. In September 2017, the Central Bank of Russia added 1.1 million ounces (34.2138 tons). In August 2017, the Central Bank of Russia added 500,000 ounces (15.55 tons) of gold to her reserves (56.1 million ounces). In July, the Central Bank of Russia added 400,000 ounces (12.44139 tonnes) of gold to reserves after adding 300,000 ounces (9.33104 tonnes) of gold in June and 700,000 (21.77 tonnes) of gold in May. 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.
The Central bank of Russia has added about 520 tons of gold to her reserves from June 2015 – to October 2017.
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
Golden Eagle Coins
Money Metals Exchange
Since 2009, Russia has added over 1,100 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 – October 2017
Russia has added 23.2 million ounces (approximately 721 tons) to its reserves from June 2014 through October 2017.
Compare American Silver Eagles for sale at:
Golden Eagle Coins
Money Metals Exchange
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 September 2017 are at the same level as of October 2016. The Central Bank of Russia added 7.6 million ounces (236.39 tons) of gold from October 2016 to September 2017.
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.
The Russian Central Bank announced earlier this month that it would begin buying gold on the Moscow Stock Exchange.
Russia is retaining an increasing percentage of its gold mining output.
Russia has the sixth largest gold reserves of any nation.
Overall Russian Reserves
The reserves of the Central Bank of Russian have grown over $53 billion or about 14% since January 2016.
Gold represented about $73.7 billion of Russia’s overall reserves at the end of October 2017, or about 17.3%.
Overall Russian Central Bank foreign reserves grew approximately 14% 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 September 2017, Russia held $103.9 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 U.S. Treasuries increased 36% from September 2016 to September 2017.
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
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.
Please consider making a small donation to Smaulgld.com. Thanks!