According to the World Gold Council, Russia has more than...

According to the World Gold Council, Russia has more than doubled its gold reserves in the past five years. Putin has taken advantage of the financial crisis to build the world’s fifth-biggest gold pile in a handful of years, and is buying about half a billion dollars’ worth every month.

http://www.marketwatch.com/story/why-is-putin-stockpiling-gold-2012-09-05