Russian Gold Buying Expands as Russia and China Hold Hands on Gold
Russian gold buying in 2017 took Russia’s total gold reserve position to 1,778 tons, just slightly behind China’s official gold reserves of 1,842 tons. The U.S. had just over 8,000 tons. But considering the U.S. economy is eight times the size of Russia’s and the Chinese economy is four times as large, Russia is the