from Pravda Report
The IMF could not but pay attention to recent actions of the Russian authorities. It turned out that the Bank of Russia became the world’s largest buyer of gold among all central banks of the planet as of January 2016. International Monetary Fund experts said that the Bank of Russia acquired 688,000 ounces of gold.
The statistics did not include China. Reportedly, the Chinese central bank purchased about 520,000 ounces of gold in January.
Spokespeople for the Bank of Russia said that Russia’s gold and currency reserves increased by $3.2 billion to $368.3 billion.” Gold thus accounts for 52 billion dollars in Russia’s gold and currency reserves.
“This is a quiet attack on the almighty dollar. Russian President Putin buys a lot of gold without attracting much attention to it. As long as political circles fear a new cold war between Moscow and the West, this war has already erupted in the financial sector,” Germany’s Die Welt wrote.