Russia Buys 1 Million Ounces Of Gold In February – Become Your Own Central Bank

– Russia adds another 1,000,000 ounces (31.1 tons) to gold reserves in February

– Russia's gold reserves now 2,149 tons; 5th largest gold reserves in the world

– Central bank of Russia buys all of Russian domestic gold production

– Russia views gold bullion as “100% guarantee from legal and political risks”

– As Brexit and other more significant financial risks such as Basle III loom, it is time

– Time to take power back from the financial and monetary system by becoming your own central bank (Goldnomics podcast)

Russia continues to add to its gold reserves and added another 1,000,000 ounces in February or 31.1 metric tonnes. Most analysts believe this buying will continue and may intensify in the coming months. Since 2007, we have clearly said that this would happen as currency wars deepen.

The latest large increase in Russia’s gold reserves has again gone largely unnoticed by most analysts except James Rickards - see tweet below.

Yesterday was the 20th of the month and you know what that means. New gold data from the Central Bank of Russia! They bought 31.1 tons in February, bringing total to 2,149 tons. Washington is finally noticing; part of the reason I was there Wednesday. This is the new Great Game. — Jim Rickards (@JamesGRickards) March 21, 2019

Indeed, the important monetary and geopolitical ramifications continue to be largely ignored in western media.



Time To Take Power Back From The System by Becoming Your Own Central Bank – Goldnomics Podcast

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News and Commentary

Gold settles at a one-week high on dovish Fed (MarketWatch.com)

Wall Street powers world stocks; dollar up on Brexit woes (Reuters.com)

U.S. effective fed funds rate rises above interest on reserves (the first time ever) (Reuters.com)

No-deal Brexit fears send pound to a one-week low (RTE.ie)

Russian Gold Stockpile Grows as Analysts Warn of Global Recession (CNN.com)

Russia purchased 31.1 tons of gold in February, bringing total to 2,149 tons - Rickards (Twitter.com)

EU Stops No-Deal Crash Now, Kicking Can to April: Brexit Update (Bloomberg.com)

Overnight stock futures have been manipulated upward for years (MRamseyKing.com)

It Feels Eerily Like 2007 - DoubleLine's Gundlach Blasts Fed's "Unprecedented Reversal" (ZeroHedge.com)

US Housing Hits A Brick Wall: "The House Price Deceleration Is Staggering" (ZeroHedge.com)

Gold Prices (LBMA PM)

21 Mar: USD 1,317.30, GBP 1002.99 & EUR 1,155.80 per ounce

20 Mar: USD 1,303.00, GBP 985.07 & EUR 1,147.81 per ounce

19 Mar: USD 1,308.35, GBP 985.06 & EUR 1,152.53 per ounce

18 Mar: USD 1,305.35, GBP 986.19 & EUR 1,150.01 per ounce

15 Mar: USD 1,302.35, GBP 981.55 & EUR 1,150.55 per ounce

14 Mar: USD 1,299.20, GBP 982.84 & EUR 1,148.88 per ounce

Silver Prices (LBMA)

21 Mar: USD 15.54, GBP 11.85 & EUR 13.64 per ounce

20 Mar: USD 15.32, GBP 11.58 & EUR 13.49 per ounce

19 Mar: USD 15.41, GBP 11.61 & EUR 13.57 per ounce

18 Mar: USD 15.38, GBP 11.60 & EUR 13.54 per ounce

15 Mar: USD 15.35, GBP 11.58 & EUR 13.56 per ounce

14 Mar: USD 15.23, GBP 11.52 & EUR 13.48 per ounce

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