Tag Archives: Russia
As we have covered before, Russia has been building up its gold reserves over the past nine years, and last month the country added a whopping 24.9 tons, increasing their total hoard to more than 1,275 tons of gold. … Continue reading →
After six years, China finally revealed its “total” gold hoard today in a statement issued by the PBOC (People’s Bank of China). The grand total? 1,658 metric tons, placing the country in 5th place worldwide. It’s an increase of more … Continue reading →
Imagine going to the bank for some cash and seeing it surrounded by riot police. You try the ATM but it is “out of service”. You’re hungry and low on food so you take what little cash you have left … Continue reading →
China announced on July 1st that the Standing Committee of the National People’s Congress officially ratified the agreement signed in Brazil last year to launch the New Development Bank for the BRICS nations. The bank’s Board of Governors are scheduled … Continue reading →
It is possible that at the end of last year, World War III quietly broke out and hardly anyone noticed. For now, it seems to be contained in small pockets in Syria, Iraq, and Ukraine. More recently though, tensions have … Continue reading →
Russia’s central bank has sought to reassure investors by detailing plans to aggressively add to its reserve holdings in a bid to shore up its financial stability.
The Russian Federation and Kazakhstan raised their gold holdings in April as the price of gold steadied, while Jordan entered as a steady buyer earlier this year, data from the International Monetary Fund showed on Friday.
China National Gold Group Corporation announced on Monday it has signed an agreement with Russian gold miner Polyus Gold to deepen ties in gold exploration.
Reuters is reporting today that China’s International Payment System or CIPS is ready for use and could be launched as soon as September or October of this year. The system will be utilized as an alternative to the SWIFT payment system (Society … Continue reading →
Day by day, the currency wars continue to heat up. With the European Central Bank’s Quantitative Easing program now underway and the end of the euro in sight, many other countries around the world have joined the race to the … Continue reading →