Tuesday, February 27, 2018 12:36:58 AM
Submitted by cpowell on Mon, 2018-02-26 14:06.
Section: Daily Dispatches
From Russia Today, Moscow
Monday, February 26, 2018
The Central Bank of Russia boosted its holdings of gold by almost
20 metric tons last month, with reserves reaching 1,857 tons.
It has increased its holdings every month since March 2015.
Russia is now among the top five gold holders after surpassing China,
which reportedly holds 1,843 tons.
Over the last 15 years Moscow and Beijing have been aggressively
accumulating gold reserves to cut their dependence on the U.S. dollar.
"Interestingly, both Russia and China publicize and promote their
accumulations of gold and publicly refer to gold as a strategic
monetary asset.
They make no secret of this. But on the flip side,
the U.S. does the opposite, and constantly downplays
the strategic role of gold," Singapore's Bullion Star
precious metals expert Ronan Manly told RT in December. ...
... For the remainder of the report:
https://www.rt.com/business/419820-russia-outpaces-china-gold/
God Bless America
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM