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  Economics 
30 of January, 09:37

Russia has set a record for buying gold
The Central Bank has set the record for the purchase of precious metal since the collapse of the USSR. For 11 months he gained 152 tons of gold to $ 6.1 billion. According to the statement of specialists, it is almost thirty percent of all gold purchased by the regulators of different countries in 2014.

Securities of different countries for the year of 2014 got 461 ton of gold by 13 tons more than in 2013. Growth in purchases amounted to 123%. This sudden growth specialists associated with the purchase of precious metals produced in Russia.

With all this domestic gold will be quite difficult to implement abroad in consequence of the imposed punishment.

In the foreseeable future Russia can slow the pace of purchases of gold and reach the market, in order to exclude its resources to support the state exchange, RBC reports referring to the Financial Times. Purchase gold CB can be explained by the desire to become free of dependence on the dollar and attempt to stabilize the fragile position of the ruble.

Also, in Russia for 2014 was produced 272 tons of gold. This makes it the second producer of valuable metal in the world: the 2014 power ahead on this basis, Australia (269,7 tons) and second only to China (465,7 tons), reports "Interfax".

As we were informed Days.Roux, the Central Bank throughout 2014 methodically increased gold reserves of power. Reserves Bank of the Russian Federation only in early winter increased from 33.3 million to 37 million Troy ounces (1 ounce is equal to 31.1 grams). Other large investors also configured to increase gold reserves, but they are more interested in the return of accumulated reserves, which for some reason kept abroad in their borders.

In the long term growing all the instructions of the demand for gold increases and the global extraction of valuable metals. However to expect a breakthrough on the gold market in 2015 is not: greatly increase production will not work simply because the branch came to the limit of their own profitability. Focus on the appreciation of gold reserves will remain slightly amplifying or weakening under the influence of external factors.

sections: Economics

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