Russia Is Hoarding Gold At The Fastest Pace In 12 Years
by Tyler Durden
ZeroHedge.com
Tue, 03/20/2018
De-dollarization is accelerating…
Russia is adding gold to its reserves at the fastest pace in 12 years …and dumping US Treasuries at the fastest pace since 2011.
The Central Bank of Russia (CBR) has been increasing its holdings of gold every month since March 2015. The country is currently the sixth-largest gold owner after the United States, Germany, Italy, France and China.
According to the CBR, gold reserves spiked to $455.2 billion between March 2 and 9 hitting a historic high not seen since September 2014.
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