Russian Central Bank Adds 1,000,000 Ounces Of Gold To Its Stack In August

Russia has added a nice amount of gold to its coffers in August. Here are the details…

by Louis Cammarosano of Smaulgld

Russian Central Bank Gold Reserves Rise to 1999.95 Tons in August.

Russian gold reserves are the fifth largest in the world.

Russia added 1,000,000 ounces of gold (31.1034768 tons) to reserves in August.

August gold additions were the largest since September 2017.

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

Russia has added over 161 tons of gold in 2018, through August.

At current pace the Central Bank of Russia will add 240 tons in 2018, the most ever.

Since June 2015, the Central Bank of Russia has added nearly 700 tons of gold to reserves.