Russia's Adding Another 200 Tons of Gold to Its Treasury and Here's Why

Russia plans to stock up on about 200 tons of gold this year, nearly matching the 208 tons it purchased in 2015. That's according to Anton Navoi, the deputy head of the statistics department at the Russian Central Bank. Navoi explained that it's profitable for the state to buy the precious metal, since Russia is a world leader in its production.

Russia's Adding Another 200 Tons of Gold to Its Treasury and Here's Why