Russia; Why Horde Gold?
MOSCOW — Russia’s gold reserves grew by 14 percent in 2016 to 1,614.3 metric tons, the Bank of Russia said on Friday. “The amount of monetary gold in Russia’s international reserves grew by 14.7 percent [199 tonnes] and totals 51.9 million troy ounces [1,614.27 tonnes], the financial regulator said in a report. Many argue that