Russia Adds Another 600,000 Oz of Gold to Reserves in December

Russian gold reservesRussia announced Saturday the addition of another 600,000 ounces to its gold reserves in December, bringing the total gold officially added to Russian reserves in 2012 to 3.2 million ounces!

Somehow we doubt a single ounce is being stored at the NY Fed, the BOE, or JP Morgan.

SD Bullion

 

Russian gold reserves

Chart courtesy Nick Laird via JSMineset