Gold reserves – Page 2 – THE OVAL CIRCLE

Russia saving gold & kopeks for rainy day

Posted on December 21, 2021December 21, 2021By Editor

Russia’s forex reserves have surged $2.7 billion in the week through December 10, with total holdings amounting to $622.8 billion, according to data revealed by the country’s Central Bank. … Read More >Russia saving gold & kopeks for rainy day

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Russia holds world’s fifth-largest gold & foreign currency reserves

Posted on October 15, 2021October 15, 2021By Editor

Russia has reached a historic record in international reserves, ranking fifth in the world after China, Japan, Switzerland and India, the Accounts Chamber said after an audit of the country’s gold and foreign exchange holdings. … Read More >Russia holds world’s fifth-largest gold & foreign currency reserves

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Russia’s current supply of gold deposits should last for next 40 years, minister says

Posted on June 6, 2021June 6, 2021By Editor

At the current pace of gold production Russia has enough unmined reserves of the precious metal for many decades to come, according to the head of the Ministry of Natural Resources, Alexander Kozlov. … Read More >Russia’s current supply of gold deposits should last for next 40 years, minister says

Russia

Going for gold: Russia to eliminate US dollar from sovereign wealth fund THIS MONTH amid warning of politics sabotaging currency

Posted on June 4, 2021June 4, 2021By Editor

Russia’s sovereign wealth fund will take a punt on gold and slash $40 billion of US currency entirely out of its investment portfolio amid growing tensions with Washington, the country’s finance minister announced on Thursday. … Read More >Going for gold: Russia to eliminate US dollar from sovereign wealth fund THIS MONTH amid warning of politics sabotaging currency

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Russian govt gives go-ahead for piling of National Wealth Fund into gold bullion

Posted on May 23, 2021May 23, 2021By Editor

The National Wealth Fund (NWF) has received the green light to diversify assets by investing in gold as the country’s Prime Minister Mikhail Mishustin signed the relevant order on Friday. … Read More >Russian govt gives go-ahead for piling of National Wealth Fund into gold bullion

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Russia’s foreign exchange reserves continue to rise despite sanctions & pandemic

Posted on May 3, 2021May 3, 2021By Editor

Russia’s gold and foreign currency holdings increased by $5.8 billion last week to reach a total of $589.5 billion, according to the latest data released by the country’s central bank. … Read More >Russia’s foreign exchange reserves continue to rise despite sanctions & pandemic

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China’s back on gold-buying spree, opens borders to $8.5 BILLION worth of shiny metal – reports

Posted on April 20, 2021April 20, 2021By Editor

The world’s biggest gold consumer, China, has given domestic and international banks permission to import large amounts of gold into the country, Reuters reported, citing its sources. … Read More >China’s back on gold-buying spree, opens borders to $8.5 BILLION worth of shiny metal – reports

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Russia’s gold & foreign currency reserves surge by over $5 billion

Posted on February 20, 2021February 20, 2021By Editor

Russia’s foreign exchange holdings increased to a total of $591.5 billion on February 12, the latest data released by the country’s central bank shows. … Read More >Russia’s gold & foreign currency reserves surge by over $5 billion

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Central banks do not have the physical gold they pretend to have, fund manager tells Keiser Report

Posted on February 4, 2021February 4, 2021By Editor

Max Keiser interviews Egon von Greyerz of GoldSwitzerland.com about the impossibility of price discovery because of the paper gold market, in which $70 trillion is traded every year against $213 billion annual mine production. … Read More >Central banks do not have the physical gold they pretend to have, fund manager tells Keiser Report

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Russia ramps up gold production despite pandemic

Posted on January 26, 2021January 26, 2021By Editor

Gold mining companies of Russia’s Far Eastern Kamchatka Peninsula produced more than 6.8 tons of the yellow metal last year, which is an almost eight percent increase year-on-year. … Read More >Russia ramps up gold production despite pandemic

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