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Russia Adds 100,000 oz of Gold To Reserves While Selling US TBonds
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2015 Jun 19, 6:41am 2,835 views 11 comments
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smaulgld
2015 Jun 19, 10:22am
Pre war preparation?
At least financial war- its Russia's retaliation for the west's sanctions. I'm sure the thinking is "why own US Treasuries when they are trying to isolate us?"
smaulgld
2015 Jun 19, 3:24pm
would guess that Russian trade in dollars is down as well.
Yes and their trade in Yuan up. Soon their drachma trade will be up too
http://money.cnn.com/2015/06/19/news/greece-russia-gas-deal/index.html?iid=Lead
marcus
2015 Jun 19, 3:43pm
100,00 ouces of gold ? Wow.
That's worth almost as much as that Jurassic World made in it's first day.and a half.
Dan8267
2015 Jun 19, 4:15pm
The reason Russia is selling gold is that they have run out of storage space and have to clear inventory.
Strategist
2015 Jun 19, 9:55pm
100,00 ouces of gold ? Wow.
That's worth almost as much as that Jurassic World made in it's first day.and a half.
That's $120 million. Jurassic World made almost 5 times as much the first weekend.
What's the big deal, Smaugld?
Y
2015 Jun 20, 6:06am
hehehe
Your local Rose Colored Glasses at work....
Russia Adds 100,000 oz of Gold To Reserves
The reason Russia is selling gold is
smaulgld
2015 Jun 20, 6:28am
The amount Russia buys is dwarved by the amount China acquires for its own account and the amounts delivered on the Shanghai Gold Exchange each week
http://patrick.net/misc/Shanghai+Gold+Exchange+Delivers+46+Tons+of+Gold+in+Week+ended+6-12
https://smaulgld.com/russia-adds-100000-ounces-of-gold-to-its-reserves-in-may/
#investing