Where are Russia’s vast gold reserves hidden?
By GCRU Gold News on Thursday, February 2 2017, 01:41 - Permalink
The topic of gold reserves is increasingly discussed in the international media. Donald Trump, for example, suggested an audit of America's gold reserves to ascertain just how much the country truly has. The question of Germany's gold reserves, kept in the U.S. for decades, has begun to worry the German public, which begins to think it’s necessary to return those reserves home. So, it’s no surprise that many Russians also wonder what’s up with their country’s gold reserves and where they’re hidden.
Russia ranks sixth in the world in gold reserves, and the Russian Central Bank said they total 1,614.27 tons, which is 15 percent more than last year.
While Russia does not have a Fort Knox, almost two-thirds of the nation’s gold is kept in a Central Bank repository in Moscow. The rest is stored away in St. Petersburg and Yekaterinburg.