Tuesday, December 23, 2014

Ukraine Cuts Gold Reserves to Nine-Year Low

Ukraine’s gold holdings fell to 23.6 metric tons in November from 26.1 tons in October, data on the IMF’s website show.

Overall foreign reserves are at the lowest in more. Bullion holdings have dropped 45 percent from a record 42.9 tons in April, IMF data show

The country is relying on a $17 billion loan from the IMF to stay afloat and stave off a default.

It's a helluva a coup that the US engineered.  (SEE: An Important Second Listen to the "F--k the EU" Ukraine Recording)

(via Bloomberg)

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