Russia Surpasses China With Massive Gold Purchases In January

Authored by Louis Cammarosano via smaulgld.com,

Russian Central Bank Gold Reserves Rise to 1,857 Tons in January, Passing People’s Bank of China’s 1,843 Ton Gold Hoard.

  • Russian gold reserves are now the fifth largest in the world.

  • Russia added 600,000 ounce of gold (18.66 tons) to reserves in January.

  • Russia added a record 224 tons of gold to reserves in 2017.

  • Since June 2015, the Central Bank of Russia has added over 576 tons of gold to reserves.

  • Overall Russian reserves rose from $432.742 billion in December to $447.735 in January.

  • Russian holdings of U.S. Treasuries top $100 billion for ninth in a row.

  • Gold reserves worth $80.4 billion constitute 17.95% of overall Russian reserves.

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.

The chart below shows the Central Bank of Russia’s Gold Reserves by month with tonnage rounded to the nearest metric ton.

Central Bank of Russia Gold Reserves June 2015 - January 2018

 

The Central bank of Russia has added about 576 tons of gold to her reserves from June 2015 – to January 2017.

Russian Additions-Subtractions to Gold Reserves 1997 - 2017

 

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 – January 2018

Russian Monthly Gold Purchases June 2014 - January 2018

 

Russia has added 25.0 million ounces (approximately 778 tons) to its reserves from June 2014 through January 2018.

Comments

loveyajimbo lloll Wed, 02/21/2018 - 20:07 Permalink

the USA no longer has any gold...at least any that has not been leased/hypothocated many times... want proof?

Congress refuses to force the Fed to do a full audit of physical gold reserves... and no such audit has been done since Eisenhower!!  Guess why.

Hint:  The dollar would COLLAPSE overnight.

In reply to by lloll

Kafir Goyim Slippery Slope Wed, 02/21/2018 - 20:29 Permalink

People saying that China will revalue gold at $10K overnight and have the Yuan skyrocket and the USD tank.   I ask why?  

The name of the game is to devalue your currency.  The weaker your currency, the more shit you can sell.   That game will end someday, but nobody would be stupid enough to lose that game while it's still going on, by crashing the other guys fiat.  You want the other guys fiat to be stronger than yours so your exports are cheaper than his exports.

In reply to by Slippery Slope

MK ULTRA Alpha loveyajimbo Wed, 02/21/2018 - 20:24 Permalink

It'll be real funny when the US gold reserve is for real, will you apologize or admit you were wrong? No because you're a low life victim whiner blaming your country for your failures.

And who gives a damn about Russia buying gold? Only on the ZeroHedge pro-Russian anti-American site would an article so called article spouting Russian propaganda be cheered with all the delusional ignorant comments. It's funny, the posters on here actually do a service to the country. Go look up the comments about ZH on google, it's a small amount of people who are in this anti-American cult, it's the same as the Alex Jones show cult. Same delusion same ignorant posters, same cult victim status, A victim culture cult.

A good point was Putin many years back was actually repeating the petrodollar conspiracy theory, but the petrodollar has been dead for a long time. Back when the petrodollar started it was a way for OPEC to recycle US dollars. But the global economy has grown infinity larger and required more use of the dollar for global trade than the oil market. So Putin made a big deal he was going to buy up gold, to crash the dollar.

Russia even holds US debt, just like other countries.

So the idea in an economic boom with economic records being broken which requires dollars, and with record crude oil production and exports, which have to be paid in dollars, is the dollar will crash, buddy you've been eating up the doom and gloom here and it's an echo chamber. No one would use the data here on this site to trade in the markets, and if they did, they would lose, because the data is usually three days old, but the doom and gloom predictions have become a legend as in like the boy who cried wolf. THAT'S what is being said about your cult.

Your anti-American victim cry out is gold will go to $10,000 and America has no gold. Doesn't that seem stupid? But not to an anti-American ZH cult member. Now will you come back here to say you were wrong?

By the way, for the survey and many anti-American foreigners have come forth to admit they're in fact foreigners, what county are you posting from, what is your nationality and age? And for you what is your level of academic achievement?

In reply to by loveyajimbo

AC_Doctor Wed, 02/21/2018 - 19:55 Permalink

China and Russia are probably sitting on at least 25,000 tons with China holding 15k and Russia holding at least 10k.  China will revalue gold in the near future, sending shockwaves through the precious metals markets.  A real audit of the Treasury will probably show the US left with less than 2000 tons of real physical metal.

Stormtrooper Wed, 02/21/2018 - 19:56 Permalink

Haven't bought any gold/silver for awhile.  The Chinese and Russkies are making me think that my time to accumulate while it is still available is becoming short so time to start prioritizing funds.

are we there yet Wed, 02/21/2018 - 20:07 Permalink

It is easier to get information on who is buying gold than who is selling it. But common sense says that the gold bought is coming from someplace in a largely controlled closed system. Generally going west to east.

Son of Captain Nemo Wed, 02/21/2018 - 20:16 Permalink

Trump to Putin...

Hey Vlad send us a nice big chunk of that yeller stuff "WE AIN'T GOT NO MORE"... Because our oil is too expensive to refine and ALL WE HAVE LEFT IS A PRINTING PRESS WITH "IOUs" for wells in the Middle East we've fucked to hell with bombs that need to be rebuilt and paid for with loans from both YOU and the CHINA MAN...

So that we won't have to do MORE OF THIS (https://www.zerohedge.com/news/2018-02-21/risking-major-escalation-trum…)... "ANTE" UP!...

AND AT THE END OF THE DAY?... THAT'S ALL THIS VILIFICATION CAMPAIGN ON RUSSIA IS ABOUT!...

Hope your own foolish stupidity with no boundaries was worth it!!!

MusicIsYou Wed, 02/21/2018 - 20:21 Permalink

How much is Russia's national debt? Russia may have the world's fifth largest gold reserves, but I bet Russia literally owns all it's gold unlike other countries with so much national debt to the point that they're actually under water and owe their gold to somebody else.

Son of Captain Nemo MusicIsYou Wed, 02/21/2018 - 20:26 Permalink

Allow me to answer...

What bought all of that Gold in the first place that they apparently have in abundance that brought the U.S. and Saudi Arabia to it's knees?.... And what are they dumping in vast quantities along with the PRC because of it's $"worth"?... To buy MORE OF "IT" that the Western Central Banks just keep at a "bargain basement" price that only ends up mortally wounding Uncle Sammy even worse???....

Stupid is!...  indeed as Stupid does!!!...

 

In reply to by MusicIsYou

mosfet Wed, 02/21/2018 - 20:25 Permalink

Don't worry, when push comes to shove the US will confiscate all of the Gold they've been holding for other entities.  Then they'll refuse to honor treasury debts owed to foreign governments.  And they'll do it all in the name of fighting corruption.

/ The US Gov has a very long & storied history of breaking promises.

NIRP Diggler Wed, 02/21/2018 - 20:31 Permalink

So Russia and China are supposedly buying gold hand over fist.  And from whom are these purchases made?  The US?  Germany?  Japan?  Or, is this article just more PM bullshit?