Russia Will Soon Be 2nd In Global Gold Holdings

Wednesday, April 10, 2019
By Paul Martin

APRIL 10, 2019

Russia Will Soon Be 2nd In Global Gold Holdings by Rory for The Daily Coin

The difference between Russia’s gold reserves and Frances’ gold reserve is now approximately 18-19 months of acquisitions by the Russia government. Said another way by mid 2020 Russia could easily jump from 5th place in global gold holdings to 3rd place by leaping over both France, with 2,518 tons and Italy with 2,534 tons. My guess is by the end of 2020 Russia will have their sights set squarely on Germany’s second place position with 3,483 tons. While it will take upwards of another 4+ years it will be within the realm of reality for Russia to be in the 2nd position of global gold holdings by 2025 a very short 6 years from today. Expect the whole “russia did it” to ramp up during this time and become even worse, if that’s even possible, than it is today. Never mind that China is the real threat to our sovereignty and way of life, “russia did it” and that’s that!

“For 5,000 years, gold has proven its status as the ultimate store of value. Today’s investors rush to buy the precious metal at the faintest market uncertainty. Over the past decade, global central banks have joined the gold rush.
“The volumes of gold gobbled by regulators across the world in 2018 reached the second highest annual total on record, the World Gold Council (WGC) reported earlier this year. The industry research firm highlighted that last year central banks bought 651.5 metric tons of the precious metal, marking a 74 percent year-on-year increase.

Gold ownership by monetary regulators is at a 50-year high with the following states currently making up the list of the world’s biggest holders of gold.

The Rest…HERE

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