Russia is buying that Gold at a steady pace…

In June of 2012, the Russian Central Bank has increased its total deposits of monetary gold by 18.6 tons or around 595,200 ounces of gold. Thus, at present, these deposits make a total holding of 936.2 tons or around 29,958,400 ounces. The deposits included standard golden bars and coins, all of which belong to the Central bank and to the Russian government. Earlier this year, Russia’s Central Bank has announced many times that the bank was going to increase its gold deposits. The increase is to be on a continual basis indefinitely…

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