Russia has overtaken China to become the world’s fifth largest official sector holder of gold

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

Comment by James Leonard on January 18, 2019 at 11:05pm

Russia, who is poised to overtake Germany in GDP(PPP) in 2019, has the 5th largest stockpile of gold, a tiny 12.5% dept to GDP, modest money supply growth, almost $1/2 trillion worth of international reserves in the bank. This  makes Russia the one major economy in the world likely to survive the coming debt crisis infecting the world today.  Still, western mass media paints Russia as a risky and doomed basketcase, the same trick they tried to fool the public with at the wildly successful 2018 Football World Cup and 2014 Sochi Winter Olympics in 2014.  Some day, the public in the west will understand Russia is NOT what western governments say it is.

Comment by Boris on January 18, 2019 at 3:41pm
With support from President Vladimir Putin, the central bank has been betting heavily on bullion, often seen as a safe haven or a natural hedge against the dollar, with active purchases in the last 10 years.In 2018, Russia’s buying jumped further as holdings of U.S. Treasury securities were reduced after Washington imposed sanctions on Russian entities in April, the toughest since Moscow’s 2014 annexation of Crimea from Ukraine.The central bank bought 8.8 million troy ounces last year, it said on Friday, beating a record 7.2 million ounces set in 2017.As of Jan. 1 this year, the central bank held 67.9 million ounces of gold, up from 59.1 million ounces at the start of 2018, making it the world’s fifth largest holder behind the United States, Germany, France and Italy.China dropped to sixth place as it reported an increase in gold reserves just once in more than two years, with its holdings rising to 59.6 million ounces in December 2018 from 59.2 million ounces in October 2016. https://www.reuters.com/article/us-russia-cenbank-gold-idUSKCN1PC11...

"Destroying the New World Order"

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

TOP CONTENT THIS WEEK

Latest Activity

the mighty bull commented on Central Scrutinizer's video
37 minutes ago
the mighty bull favorited Central Scrutinizer's video
41 minutes ago
the mighty bull replied to Maas's discussion Add A Caption For This Photo
"I see Stubbies are back in fashion - with air conditioning ."
1 hour ago
Raz Putin commented on Raz Putin's video
Thumbnail

"Protesters clash with police, set govt building on fire in Quito, Ecuador"

"Ecuador, Hong Kong, France, just to name a few of the places in the world where anti-government…"
1 hour ago
Raz Putin posted a video

Protesters clash with police, set govt building on fire in Quito, Ecuador

Anti-government protesters threw petrol bombs at the headquarters of the comptroller general in Quito on Saturday. READ MORE: https://on.rt.com/a3a1 COURTESY...
1 hour ago
the mighty bull commented on rlionhearted_3's photo
Thumbnail

Insert Confused Imoji Here

"confused and pointy"
2 hours ago
the mighty bull favorited rlionhearted_3's photo
2 hours ago
Raz Putin replied to Maas's discussion Add A Caption For This Photo
"Stripped down to the point..."
2 hours ago
Boris favorited Less Prone's photo
2 hours ago
Boris replied to Maas's discussion Add A Caption For This Photo
"Grundle Gazer"
2 hours ago
Boris favorited Maas's discussion Add A Caption For This Photo
2 hours ago
Raz Putin commented on Raz Putin's blog post Sunday October 13, 2019 Fall "Hunter's" Full Moon @ 21:08 UTC 05:08 EDT
"And October 13, 1307 (aka Friday the 13th) when King Philip IV of France ordered the arrest of the…"
2 hours ago
Raz Putin commented on Raz Putin's blog post Sunday October 13, 2019 Fall "Hunter's" Full Moon @ 21:08 UTC 05:08 EDT
"Dark times indeed Burbia... There's a definite buzz on right now. I watched Luna come up…"
3 hours ago
Charles Cox replied to Maas's discussion Add A Caption For This Photo
"" News Shorts..... We'll keep it brief"......"
3 hours ago
Maas posted a discussion
3 hours ago
truth favorited Mrs. Tif Morgan's discussion Posting Blogs and Found Myself In Israel; Like Da!!!!
3 hours ago

© 2019   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted