{"id":186817,"date":"2019-04-16T08:04:11","date_gmt":"2019-04-16T08:04:11","guid":{"rendered":"http:\/\/www.thetruthseeker.co.uk\/?p=186817"},"modified":"2019-04-20T05:35:57","modified_gmt":"2019-04-20T05:35:57","slug":"russia-bought-nearly-as-much-gold-as-all-the-rest-of-the-world-combined-in-2018","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=186817","title":{"rendered":"Russia Bought Nearly as Much Gold as All the Rest of the World Combined in 2018"},"content":{"rendered":"

Marko Marjanovic \u2013 Russia Insider April 16, 2019<\/a><\/h1>\n

A wonderful bit of information\u00a0in this piece<\/a><\/strong><\/span>\u00a0to really put Russia\u2019s gold-buying in perspective:<\/span><\/p>\n

In the meantime the structure of GIR changed, as the CBR has boosted its gold reserves and cut the share of US dollar in its currency holdings. In 2018 the CBR bought a record-high 274.3 tonnes of gold, bringing its share in GIR to about 19%\u00a0and accounting for 42% of gold purchases of all central banks last year.<\/strong>\u00a0At the same time the share of US dollar was cut from 43.7% to about 20%.<\/span><\/p>\n

Russia has been consistently adding to its gold reserves every month since 2006 now, but last year\u2019s spree was truly remarkable.\u00a0Not only did the Russian Central Bank gobble up almost the entire gold mined in Russia that year (and even imported some on top), it made 42% percent of all gold purchases by central banks in the entire world.<\/strong><\/span><\/p>\n

What is more, the purchases are continuing, and now China seems to be doing the same. After a 25-month gold-buying hiatus China has now for the 4th month in a row disclosed it has added to its gold:<\/span><\/p>\n

\"\"<\/a>

Click to enlarge<\/p><\/div>\n

Original source: Checkpoint Asia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

And the spree continues. Do they know something the west\u2019s economists don\u2019t?<\/p>\n","protected":false},"author":39262,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[66,91],"tags":[],"class_list":["post-186817","post","type-post","status-publish","format-standard","hentry","category-Economics","category-russia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/186817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=186817"}],"version-history":[{"count":2,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/186817\/revisions"}],"predecessor-version":[{"id":186820,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/186817\/revisions\/186820"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=186817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=186817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=186817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}