Sunday, November 15, 2015
My Favorite Central Banker is Pro-Gold
Russian central bank governor, Elvira Nabiullina spoke about Russia’s gold and foreign currency reserves on Friday saying Russia intended building them up to $500 billion in the coming years, reports GoldSeek.
She confirmed that Russia continues to see gold reserves as an important monetary asset – in her words as a “financial cushion.”
According to Russian news agency TASS, Nabiullina said: “Regarding gold and foreign currency reserves, we have the desired benchmark of $500 billion, and not in the three-year term, it could be 5-7 years and more.”
Russia currently has approx, $50 billion in gold reserves.
at 12:01:00 AM