Wednesday, January 1, 2014

Russian Banks Bought 181.4 Tons Of Gold In 2013

While the western central banks are selling gold, the Russians (with the Chinese) continues to pick them up in tons.
According to zerohedge.com / by Tyler Durden on 12/31/2013  
"With headlines crowing of gold’s worst year since 1981 as a signal that the status quo is winning and proof positive that fiat-currency naysayers must be wrong, it would appear that the rest of the world’s central banks (and banks) have used the price depreciation to stack the precious metal. As Bloomberg reports,
*RUSSIAN BANKS BOUGHT 181.4 TONS OF RUSSIAN GOLD IN 2013: RIA
*RUSSIAN BANKS BOUGHT ALMOST 90% OF RUSSIA 2013 GOLD OUTPUT: RIA
..."

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