The Central Bank of Russia has been increasing its gold holdings every month since March 2015 and now has the fifth largest gold reserves in the world. The eastern European nation also sits at number three on the list of top gold producing nations. Why might Russia be buying and digging up so much gold? Joanna Sawicka, emerging Europe research analyst, explains possible reasons behind this buying pattern in the video below!
https://www.youtube.com/watch?v=CBT0rO-s24U&feature=youtu.be
For the latest updates on the Emerging Europe region, subscribe to the weekly Investor Alert Newsletter
by clicking here.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
U.S. Global Investors, Inc. is an investment adviser registered with the Securities and Exchange Commission ("SEC"). This does not mean that we are sponsored, recommended, or approved by the SEC, or that our abilities or qualifications in any respect have been passed upon by the SEC or any officer of the SEC.
This commentary should not be considered a solicitation or offering of any investment product.
Certain materials in this commentary may contain dated information. The information provided was current at the time of publication.