Russian Gold Reserves Surge Above 1900 Tons - 5th Largest In The World

Authored by Louis Cammarosano via smaulgld.com,

Russian Gold Reserves

After adding 6,700,000 ounces (208 tonnes) of gold to her reserves in 2015, the Russian Central Bank added 6,400,000 ounces (199 tonnes) in 2016 and another 224 tons (7,202,000 ounces) in 2017.

The Central Bank of Russia ended 2016 with 1838.21 tonnes of gold on their balance sheet.

Central Bank of Russia added 7.2 Million ounces (approximately 223.945 tonnes) in 2017.

Through April 2018, the Central Bank of Russia has added 2.3 million ounces or approximately 71.54 tons of gold.

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 628 tons of gold to her reserves from June 2015 – to March 2018.

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 – April 2018

Russia has added 26.7 million ounces (approximately 830 tons) to its reserves from June 2014 through April 2018.

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.

Rubles For Gold

Increasingly, Russia has been buying up more of their gold mining production, in effect converting rubles into gold.

The Russian Central Bank announced 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 fifth largest gold reserves of any nation.

Overall Russian Reserves

The reserves of the Central Bank of Russian have grown over $89 billion or about 24% since January 2016.

Gold represented about $81.146 billion of Russia’s overall reserves at the end of April 2018, or about 17.6%.

Overall Russian Central Bank foreign reserves grew approximately 24% 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 March 2018, Russia held $96.1 billion in U.S. Treasury Bonds down from $131.8 billion in January 2014 but up from $66.5 billion in April 2015.

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

Comments

kralizec NidStyles Thu, 05/24/2018 - 12:44 Permalink

Another one of these we can believe that but not that from the same source deals...which is it?

Either the data is right or it is wrong.

Just to be safe I'll say it's all BS unless all can prove it.

And none of them will ever satisfactorily prove it.

In reply to by NidStyles

Vuke Xredsx Thu, 05/24/2018 - 12:04 Permalink

I call complete B/S on that statement of so much gold stored in London.  I once met a banking guy who helped convince European CB's to send their gold to London for "management" and he told me they did.

It took a couple of years for him to confess with the words: "They sent paper."

You probably believe Fort Knox is stuffed as well. There is nothing more opaque than the gold "market".

In reply to by Xredsx

Montana Cowboy LargeHardonCollider Thu, 05/24/2018 - 13:56 Permalink

The real destroyer for the U.S. would be a standardized method of verifying and assaying gold reserves agreed upon by China, Russia, and India. In other words, no country has the gold they say they have. They only get recognized for the gold they have proven.

They also need a globally recognized stamp/symbol on gold bars that insulate that bar from any collateralization, hypothication, or other clever conversions to paper. So, if you have taken any lien, lease, option, or security interest in such a stamped bar, it is void like a deed to the Brooklyn Bridge. Go sue the guy that sold it to you.

In reply to by LargeHardonCollider

chubbar Cautiously Pes… Thu, 05/24/2018 - 10:05 Permalink

Exactly^. How fucking hard is the math, really? China and Russia do NOT export their gold production. IIRC, China mines in excess of 300 tonnes/yr and Russia is 200+. They have been accumulating gold for decades, not just a few years. In addition, China has been importing massive quantities for the past several years, probably Russia has as well.

I would expect that both have in excess of 10,000 tonnes stashed away. Some have put the total in excess of 20,000. I suspect we'll all find out before too long.

In reply to by Cautiously Pes…

Jack Oliver chubbar Thu, 05/24/2018 - 12:47 Permalink

Yes !

If gold finds its true value at around $US 5000 ( at least ) an ounce and the new ‘gold backed’ trade ratio is say 10 or 15 to ONE - well - we are well on the way to having a NEW well funded - global trade standard ! 

That should be more than adequate !! 

They are making a move on the $US dollar - a big FUCKING move !! 

 

In reply to by chubbar

KarlGDenninger Thu, 05/24/2018 - 09:05 Permalink

My Friends this is all the work of the bloodthirsty Lizard people with help of their bald men human hybrids. Bald men are genetically engineered by the reptiles to infiltrate our leadership. Every leader in history has been bald..think about it. I am 59 and have never lost a single strand of hair in my life folks. What "Human" (Descendant from apes) loses hair? Only reptoid phoneys lose hair. Its fact. Undeniable.

 

Bald men control everything and they use hotel pools, which are also portals that go back to the reptoid home planet. Which is why so many bald men are at pools sunbathing. Dont trust em'..the Reptoids are coming back. They need chaos to divide us.

 

east of eden BandGap Thu, 05/24/2018 - 10:02 Permalink

Your 'culture', if you can even cal it that, doesn't have 'thousands of years of evolution' behind it. You mostly are prison scum that was sent to the southern American states to work as indentured slaves for 7 years.

And what a collection of sociopaths, psychopaths, liars, murderer's and thieves the British and French dumped there.

If you think the genetic history of those fucking losers is your saving grace then you are closer to the grave than you realize.

In reply to by BandGap