Russia Surpasses China With Massive Gold Purchases In January | Zero Hedge
Description: Since 2009, Russia has added over 1,100 tons of gold to its reserves; more than China which added about 775 tons during the same time period.

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# Russia Surpasses China With Massive Gold Purchases In January

Authored by Louis Cammarosano via smaulgld.com,

Russian Central Bank Gold Reserves Rise to 1,857 Tons in January, Passing People’s Bank of China’s 1,843 Ton Gold Hoard.

- Russian gold reserves are now the fifth largest in the world.

- Russia added 600,000 ounce of gold (18.66 tons) to reserves in January.

- Russia added a record 224 tons of gold to reserves in 2017.

- Since June 2015, the Central Bank of Russia has added over 576 tons of gold to reserves.

- Overall Russian reserves rose from $432.742 billion in December to $447.735 in January.

- Russian holdings of U.S. Treasuries top $100 billion for ninth in a row.

- Gold reserves worth $80.4 billion constitute 17.95% of overall Russian reserves.

### Russian Gold Reserves

After adding 6,700,000 ounces (208 tonnes) of gold to her reserves in 2015, the Russian Central Bank added 6,400,000 ounces (199 tonnes) in 2016 and another 224 tons (7,202,000 ounces) in 2017.
The Central Bank of Russia ended 2016 with 1838.21 tonnes of gold on their balance sheet.

Central Bank of Russia added 7.2 Million ounces (approximately 223.945 tonnes) in 2017.

The chart below shows the Central Bank of Russia’s Gold Reserves by month with tonnage rounded to the nearest metric ton.

The Central bank of Russia has added about 576 tons of gold to her reserves from June 2015 – to January 2017.

Since 2009, Russia has added over 1,100 tons of gold to its reserves more than China who added about 775 tons during the same time period.

Russian Monthly Gold Purchases June 2014 – January 2018

Russia has added 25.0 million ounces (approximately 778 tons) to its reserves from June 2014 through January 2018.

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Liquid_Silver Wed, 02/21/2018 - 19:51 Permalink

Buy bitcoin, cryptos and some silver instead. Gold might go higher but cryptos and silver will way outperform gold.

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Wildchemist Liquid_Silver Wed, 02/21/2018 - 19:56 Permalink

Agreed. Folks are going to kick themselves in the ass for bypassing silver at these firesale prices. The only good thing about gold is it's incredible $/cm3 value for those who don't have endless secure storage space...

In reply to Buy bitcoin, cryptos and… by Liquid_Silver

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lloll Wildchemist Wed, 02/21/2018 - 19:58 Permalink

What about the US and Gold Purchase?

Oh right. The USG is too busy with false flag school shootings.

In reply to Agreed. Folks are going to… by Wildchemist

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loveyajimbo lloll Wed, 02/21/2018 - 20:07 Permalink

the USA no longer has any gold...at least any that has not been leased/hypothocated many times... want proof?

Congress refuses to force the Fed to do a full audit of physical gold reserves... and no such audit has been done since Eisenhower!! Guess why.

Hint: The dollar would COLLAPSE overnight.

In reply to What about the US? by lloll

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Beam Me Up Scotty loveyajimbo Wed, 02/21/2018 - 20:08 Permalink

There is alot of gold in the US. On the bottom of alot of lakes.

In reply to the USA no longer has any… by loveyajimbo

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philipat Beam Me Up Scotty Wed, 02/21/2018 - 20:17 Permalink

Of course, there are good reasons to assume that China doesn't declare its actual holdings. They will do so when it suits them (and when it doesn't suit the US).

In reply to There is alot of gold in the… by Beam Me Up Scotty

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Slippery Slope philipat Wed, 02/21/2018 - 20:24 Permalink

When do we actually get to see the gold in Fort Knox?

In reply to Of course, there are good… by philipat

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Kafir Goyim Slippery Slope Wed, 02/21/2018 - 20:29 Permalink

People saying that China will revalue gold at $10K overnight and have the Yuan skyrocket and the USD tank. I ask why?

The name of the game is to devalue your currency. The weaker your currency, the more shit you can sell. That game will end someday, but nobody would be stupid enough to lose that game while it's still going on, by crashing the other guys fiat. You want the other guys fiat to be stronger than yours so your exports are cheaper than his exports.

In reply to When do we actually get to… by Slippery Slope

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directaction Kafir Goyim Wed, 02/21/2018 - 20:32 Permalink

Such massive gold buying should cause the price of gold to rise.

Normally it would. But times aren’t normal.

In reply to dsfg by Kafir Goyim

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e_goldstein Slippery Slope Wed, 02/21/2018 - 20:31 Permalink

They have to get the nerve gas out of there first.

In reply to When do we actually get to… by Slippery Slope

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Kafir Goyim philipat Wed, 02/21/2018 - 20:29 Permalink

.

In reply to Of course, there are good… by philipat

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TeraByte loveyajimbo Wed, 02/21/2018 - 20:21 Permalink

We should be talking now about wolfram reserves on our behalf. Otherwise the repatriation of Germany´s gold would have been a novelty task.

In reply to the USA no longer has any… by loveyajimbo

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Cognitive Dissonance Liquid_Silver Wed, 02/21/2018 - 19:57 Permalink

Now do we understand Gold price suppression is encouraged by both Russia and China? That it is in their best interest to enable/collude on price suppression and, at least for now, they will not let go of the price?

In reply to Buy bitcoin, cryptos and… by Liquid_Silver

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loveyajimbo Cognitive Dissonance Wed, 02/21/2018 - 20:09 Permalink

I think it will be soon. China and Russia can re-price gold overnight to $10,000/ounce. The Yuan would skyrocket...

They would then ask the USA to prove their UNENCUMBERED physical reserves and POOF!!! There goes the dollar... down the shitter.

In reply to Now do we understand Gold… by Cognitive Dissonance

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MK ULTRA Alpha loveyajimbo Wed, 02/21/2018 - 20:24 Permalink

It'll be real funny when the US gold reserve is for real, will you apologize or admit you were wrong? No because you're a low life victim whiner blaming your country for your failures.

And who gives a damn about Russia buying gold? Only on the ZeroHedge pro-Russian anti-American site would an article so called article spouting Russian propaganda be cheered with all the delusional ignorant comments. It's funny, the posters on here actually do a service to the country. Go look up the comments about ZH on google, it's a small amount of people who are in this anti-American cult, it's the same as the Alex Jones show cult. Same delusion same ignorant posters, same cult victim status, A victim culture cult.

A good point was Putin many years back was actually repeating the petrodollar conspiracy theory, but the petrodollar has been dead for a long time. Back when the petrodollar started it was a way for OPEC to recycle US dollars. But the global economy has grown infinity larger and required more use of the dollar for global trade than the oil market. So Putin made a big deal he was going to buy up gold, to crash the dollar.

Russia even holds US debt, just like other countries.

So the idea in an economic boom with economic records being broken which requires dollars, and with record crude oil production and exports, which have to be paid in dollars, is the dollar will crash, buddy you've been eating up the doom and gloom here and it's an echo chamber. No one would use the data here on this site to trade in the markets, and if they did, they would lose, because the data is usually three days old, but the doom and gloom predictions have become a legend as in like the boy who cried wolf. THAT'S what is being said about your cult.

Your anti-American victim cry out is gold will go to $10,000 and America has no gold. Doesn't that seem stupid? But not to an anti-American ZH cult member. Now will you come back here to say you were wrong?

By the way, for the survey and many anti-American foreigners have come forth to admit they're in fact foreigners, what county are you posting from, what is your nationality and age? And for you what is your level of academic achievement?

In reply to I think it will be soon. … by loveyajimbo

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nope-1004 Liquid_Silver Wed, 02/21/2018 - 19:57 Permalink

In a financial war, against financial missiles like SWIFT and sanctions, I doubt very much those numbers are accurate.

Russia and China probably have 10x the official amount.

In reply to Buy bitcoin, cryptos and… by Liquid_Silver

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Winston Churchill nope-1004 Wed, 02/21/2018 - 20:05 Permalink

More.

Unofficially both Russia and China have 40k+ tonnes.Russia slightly more than China.

First failure to deliver and the truth will out.

In reply to In a financial war, against… by nope-1004

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saldulilem Winston Churchill Wed, 02/21/2018 - 20:28 Permalink

But they don't buy from COMEX, yet. The central bank buys from local banks, who source them from undisclosed channels

In reply to More… by Winston Churchill

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loveyajimbo nope-1004 Wed, 02/21/2018 - 20:09 Permalink

The USA reserves are absolute bullshit.

In reply to In a financial war, against… by nope-1004

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Goldilocks loveyajimbo Wed, 02/21/2018 - 20:17 Permalink

From the movie, The Big Short...

Mark Baum: It's time to call bullshit.

Vinnie Daniel: Bullshit on what?

Mark Baum: Every fucking thing.

In reply to The USA reserves are… by loveyajimbo

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therover Goldilocks Wed, 02/21/2018 - 20:25 Permalink

Classic line.

In reply to From the The Big Short… by Goldilocks

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HRClinton nope-1004 Wed, 02/21/2018 - 20:19 Permalink

If you scale the Russian gold to their GDP and compare that to the US, they have way more than we do.

What should back paper money? Gold.

What should back Gold? Nukes.

In reply to In a financial war, against… by nope-1004

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HRClinton nope-1004 Wed, 02/21/2018 - 20:22 Permalink

Well, maybe our BFF in the ME (Yisrael) can loan us the Gold?

In reply to In a financial war, against… by nope-1004

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This is it Liquid_Silver Wed, 02/21/2018 - 20:00 Permalink

And the price of gold goes down...

What's the point then?

In reply to Buy bitcoin, cryptos and… by Liquid_Silver

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HRClinton Liquid_Silver Wed, 02/21/2018 - 20:14 Permalink

Gold_ETH!

In reply to Buy bitcoin, cryptos and… by Liquid_Silver

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Jack Oliver Liquid_Silver Wed, 02/21/2018 - 20:19 Permalink

Gold is REAL !!

Crytos are not !!

Putin is pretty serious about getting rid of the Zio/US reserve currency status - an economic bombshell is just around the corner !

‘Maestro Maestro’ will FUCKING turn up shortly !!

In reply to Buy bitcoin, cryptos and… by Liquid_Silver

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Kaiser Sousa Wed, 02/21/2018 - 19:54 Permalink

Buy physical Gold??? Pfff!!!

They must not know about the superiority of US Treasury's...

Silly Russkies.

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AC_Doctor Wed, 02/21/2018 - 19:55 Permalink

China and Russia are probably sitting on at least 25,000 tons with China holding 15k and Russia holding at least 10k. China will revalue gold in the near future, sending shockwaves through the precious metals markets. A real audit of the Treasury will probably show the US left with less than 2000 tons of real physical metal.

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guru69 AC_Doctor Wed, 02/21/2018 - 20:03 Permalink

you must be licking your fingers after having them up your ass because you obviously know shit

In reply to China and Russia are… by AC_Doctor

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guru69 AC_Doctor Wed, 02/21/2018 - 20:03 Permalink

you must be licking your fingers after having them up your ass because you obviously know shit

In reply to China and Russia are… by AC_Doctor

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Wexx AC_Doctor Wed, 02/21/2018 - 20:05 Permalink

Yer numbers are a bit off. It is rumored that China has over 30,000 tons of gold. Russia is a mystery. As for the US, LMFO, they might be able to scrounge up a couple of hundred tons of the stuff, or just steal it like what they did to the German gold in the NY Fed. Good article about this topic: https://www.bullionstar.com/blogs/ronan-manly/us-gold-reserves-immense-…

In reply to China and Russia are… by AC_Doctor

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Stormtrooper Wed, 02/21/2018 - 19:56 Permalink

Haven't bought any gold/silver for awhile. The Chinese and Russkies are making me think that my time to accumulate while it is still available is becoming short so time to start prioritizing funds.

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NVTRIC Wed, 02/21/2018 - 19:58 Permalink

My gold backed currency can beat up your gold backed currency. Can too! Can too!

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behind the curtain Wed, 02/21/2018 - 19:58 Permalink

What is up with the insane premiums on silver? I just bought a couple more gold bars and wanted to grab some more silver, but the premiums are freaking crazy.

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loveyajimbo behind the curtain Wed, 02/21/2018 - 20:11 Permalink

The retailers understand the USA government's suppression.

Consider buying Sprott's PSLV fund... the NAV is actually NEGATIVE!!

In reply to What is up with the insane… by behind the curtain

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behind the curtain loveyajimbo Wed, 02/21/2018 - 20:22 Permalink

I prefer my metals where I can put eyes on them every so often ... :)

In reply to The retailers understand the… by loveyajimbo

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A82EBA Wed, 02/21/2018 - 19:59 Permalink

whatever

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Raymond Reason Wed, 02/21/2018 - 20:02 Permalink

Someday they're going to pull the rug out from under soros and club.

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are we there yet Wed, 02/21/2018 - 20:07 Permalink

It is easier to get information on who is buying gold than who is selling it. But common sense says that the gold bought is coming from someplace in a largely controlled closed system. Generally going west to east.

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InnVestuhrr Wed, 02/21/2018 - 20:15 Permalink

WOW ! - SUPER impressive - the Russian economy should start sky-rocketing upward now with this brilliant investment !

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Son of Captain Nemo Wed, 02/21/2018 - 20:16 Permalink

Trump to Putin...

Hey Vlad send us a nice big chunk of that yeller stuff "WE AIN'T GOT NO MORE"... Because our oil is too expensive to refine and ALL WE HAVE LEFT IS A PRINTING PRESS WITH "IOUs" for wells in the Middle East we've fucked to hell with bombs that need to be rebuilt and paid for with loans from both YOU and the CHINA MAN...

So that we won't have to do MORE OF THIS (https://www.zerohedge.com/news/2018-02-21/risking-major-escalation-trum…)... "ANTE" UP!...

AND AT THE END OF THE DAY?... THAT'S ALL THIS VILIFICATION CAMPAIGN ON RUSSIA IS ABOUT!...

Hope your own foolish stupidity with no boundaries was worth it!!!

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MusicIsYou Wed, 02/21/2018 - 20:21 Permalink

How much is Russia's national debt? Russia may have the world's fifth largest gold reserves, but I bet Russia literally owns all it's gold unlike other countries with so much national debt to the point that they're actually under water and owe their gold to somebody else.

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Son of Captain Nemo MusicIsYou Wed, 02/21/2018 - 20:26 Permalink

Allow me to answer...

What bought all of that Gold in the first place that they apparently have in abundance that brought the U.S. and Saudi Arabia to it's knees?.... And what are they dumping in vast quantities along with the PRC because of it's $"worth"?... To buy MORE OF "IT" that the Western Central Banks just keep at a "bargain basement" price that only ends up mortally wounding Uncle Sammy even worse???....

Stupid is!... indeed as Stupid does!!!...

In reply to How much is Russia's… by MusicIsYou

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Throck Wed, 02/21/2018 - 20:24 Permalink

So they with the most gold wins? - bullshit, ain't happening.

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mosfet Wed, 02/21/2018 - 20:25 Permalink

Don't worry, when push comes to shove the US will confiscate all of the Gold they've been holding for other entities. Then they'll refuse to honor treasury debts owed to foreign governments. And they'll do it all in the name of fighting corruption.

/ The US Gov has a very long & storied history of breaking promises.

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MusicIsYou mosfet Wed, 02/21/2018 - 20:33 Permalink

That's why other entities like Germany have taken back their gold that was in Paris and the U.S. Only a fool would let the U.S sit on their gold.

In reply to Don't worry, when push comes… by mosfet

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MusicIsYou Wed, 02/21/2018 - 20:28 Permalink

I bet Russia literally owns their gold unlike China and the U.S that have far more debt than gold reserves.

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NIRP Diggler Wed, 02/21/2018 - 20:31 Permalink

So Russia and China are supposedly buying gold hand over fist. And from whom are these purchases made? The US? Germany? Japan? Or, is this article just more PM bullshit?

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