Commodity Trade Mantra

Posts Tagged ‘US Treasury Holdings’

Russia Busts Gold Selling Rumors, Reports Buy Of 600K Ounces More

As if to deter further speculation that Russia is indeed converting hard money earned from real resources for fiat paper, the Russian monetary authority made it quite clear, that at least in November, Russia not only did not sell any gold, but in fact bought another 600K ounces. However Russia sold some $8 billion in US Treasury holdings in Oct.

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