The Central Bank of Russia Added a Record 223 Tons of Gold in 2017 – Smaulgld

By | January 22, 2018

I follow and if you read WtR? You follow the Russian gold reserves. I also follow the Chinese and their buying of gold also. I do not follow the USA gold reserves, because? Well there 99% likely is not any reserves to talk about.

Russian Central Bank Adds a record 223 tons of gold to reserves in 2017. Russian Central Bank Adds 300,000 ounces (9.331 tons) of gold to reserves in December. Since June 2015, the Central Bank of Russia has added over 558 tons of gold to reserves. December’s 9.331 ton gold addition brings Russia’s Central Bank holdings …

Read More →Source: The Central Bank of Russia Added a Record 223 Tons of Gold in 2017 – Smaulgld

Until I see positive proof that Fort Knox has real gold and an independent audit from an outside source verifies it, then hogwash is what I say…. So I go with who is at least telling a little bit of what they actually buy, produce and store…

I do not even think that China and Russia report the amount they really have stored and buy each year. I think it is under reported by a whole bunch. It makes sense, what would you do with your antagonist paper/cloth based non backed dollars that are being shoved down your throat. Buy gold? Buy silver? Buy anything that has usage when no one else has it?

When Russia and China talk about gold, they talk about physical gold and not paper gold. paper gold is worth about as much as paper money. Not much…

The chart tells you all you need to know and something I find interesting….comment I found and it says a bunch in a short sentence and question…

HRClinton HRClinton Jan 21, 2018 9:07 PM Permalink

If Russia has 1838 tons of Gold, but has the GDP that is 1/8 of the US, then this is like the US having 8*1838, ie. 14,704 tons.

Do you think that the US has 14,700 tons of AU?

Time to wake up people…


Category: Russia

About kKeeton

A survivor of six heart attacks and a brain tumor, a grumpy bear of a man, whom has declared Russia as his new and wonderful home. His wife is Russian and she puts up with this bear of a man and keeps him in line...Thank God for my sweetie and Russia...kKEETON