Bye bye dollar! Buy buy gold! Russia fills vaults with another 600,000 ounces
The Central Bank of Russia keeps buying gold, adding some 18.7 tons of the precious metal to the county’s vast stockpile in March alone, according to the latest figures released by the regulator.
The boost brought Russia’s estimated gold holdings to more than 2,170 tons (69,700,000 ounces), that amounts to nearly 18 percent of the country's total foreign exchange reserves, the central bank stated.
Russia purchased 56 tons of gold from January through March, acquiring 37.3 tons of the precious metal in January and February.
https://www.rt.com/business/457423-russia-buys-gold-dumps-dollar/
Why so much?????