Enormous Gold ETF Purchases and Russian Gold Reserves

Two new articles published yesterday and today on Sharpspixley.com look at the underestimating of Russia’s latest increase in its gold reserves which come out at 700,000 ounces (almost 22 tonnes) added in January – a month when the Russian central bank has increased its reserves minimally in the previous two years, and what that means in terms of continuing central bank gold buying:

See: Russia’s January gold reserve increase much higher than previously reported

The second article comments on the almost totally-ignored-by-the-media enormous gold purchases into the USA’s biggest gold ETFs – GLD and IAU – on Friday which totalled over 23 tonnes in a single day.

See: Enormous purchases into US gold ETFs go virtually unnoticed

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