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Another huge country dumping the dollar
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Tuesday, November 24, 2009
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From Mineweb:

Russia's central bank gold stocks rose by 0.5 million ounces (15.6 tonnes) or by 2.6 percent in October to 19.5 billion ounces (606.5 tonnes), data on the bank's web site showed.

Russia's central bank has said it aims to increase gold's share in its reserves this year to keep its investments diverse. The metal is also seen as a safe-haven at times of financial market turbulence and economic crisis -- a status which has helped send the price of gold to record highs this year.

The web site said the total value of gold in the bank's stocks rose to...

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Topics: Russia | Gold | Commodities
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