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mercoledì 22 luglio 2015

O'Byrne: Russians Buy Gold Again In June – Another 25 Tonnes




GoldCore: Russians Buy Gold Again In June – Another 25 Tonnes
By Mark O'Byrne on 22/07/2015

- Russia adds another 800,000 ounces or 25 tonnes to gold reserves in June
- Russia’s has sixth largest gold reserves in the world
- Allocates 13% of FX reserves to gold
- Central bank buys all Russian gold production
- Other Russian gold demand imported
- If billionaire oligarchs diversify into gold, prices will rise sharply
- Russia views gold bullion as “100% guarantee from legal and political risks”



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