Precious metal investments: news, consultancy, trends, reports & more!
HomeMarket WatchHard AssetsInvestor's GuideDownloads

Russia Buys 30 Tonnes of Gold

Russia has increased its gold bullion reserves with an additional 30 tonnes - according to this article by Financial Review, which also tells us that this was the country's biggest purchase since September 2014.

As of April 1, 2015, Russia had a total of 1,238 tonnes of gold bullion in reserve.

Russia is buying periodically buying gold in order to counteract with the West-imposed financial and economic sanctions - as reported earlier by Prime Values.

A few years ago, Russia has earned the reputation of being the biggest buyer of gold (even more than China) - read Prime Values on this.

The BRIC nations are among the biggest buyers of gold and it is highly probable that they are going to create a common currency, part of a new financial system and gold will play a key role in it.

Stay tuned to Prime Values for further news, trends and analyses.

comments powered by Disqus

Prime Values on FacebookPrime Values on Twitter

about us    terms of use    privacy policy    disclaimer    partners    advertising    contact us