June figures from the Russian Central Bank show that Moscow added 106 tons of gold to its nearly 2,000-ton stockpile in the first six months of 2018, with the country dumping much of its US bond holdings in the process. But does Russia rely on other countries to store its precious metal, or is it safe and sound at home? Sputnik found the answer. Russia’s gold reserves rose to 1,944 tons as of June 2018, up from less than 500 tons just a decade ago. The holdings, amounting to over 17 percent of Russia’s total foreign reserves, were shored up in part by offloading some $77 billion worth … Continue reading Russia Is Dumping Its US Bonds for Gold