Russian Central Bank Adding More Gold
November 22nd, 2009 • Related • Filed Under
From the Gold-Speculator.com here is an interesting chart.
“…usual monthly graph of Russia’s bullion purchases over the last three year period. My back-of-the-envelope arithmetic shows that the Russian Central Bank has added 2.8 million ounces of gold to their reserves so far in 2009… and if my above hypothesis is correct, they’re going to add about another 1 million ounces before the end of the year. I thank Richard Nachbar [and his tireless assistant, Susan McCarthy] for providing this graph. Richard Nachbar is a rare coin dealer in upstate New York whose website Richard Nachbar Rare Coins is linked here.”


