Russia Buys 800,000 Ounces Of Gold In July
– Russia buys 800k ozs of gold as diversifies reserves from USD – Russia now has total gold reserves worth just $76 billion; Dumped $90 billion of US Treasuries in April and May – 25-ton addition brings Russia's Central Bank holdings to 1,969 tons; the world's 5th largest gold reserves – Central bank buying Russian gold on Moscow Exchange for now – Russia sees gold's role as independent currency and safe haven as is a “100% guarantee from legal and political risks” Russia under Putin continues to add to its gold reserves and added another 800,000 ounces or 25 metric tonnes [...]