Russia Buys Gold Equal to 1.5% of Annual World Output
Posted: November 24th, 2016, 1:11 pm
An interesting statistic here from broker GoldCore, which is commenting on the Russian central bank's purchase of 48 million metric tons of gold in October:
"Total gold mining production globally is around 3,200 metric tonnes per year. Thus, Russia’s purchase of 48 metric tonnes is around 1.5% of total annual global gold production. This is a very large amount for one country to buy in just one month."
http://www.goldcore.com/us/gold-blog/ru ... ince-1998/
"Total gold mining production globally is around 3,200 metric tonnes per year. Thus, Russia’s purchase of 48 metric tonnes is around 1.5% of total annual global gold production. This is a very large amount for one country to buy in just one month."
http://www.goldcore.com/us/gold-blog/ru ... ince-1998/