This should be a pointer to the long term direction of the POG:
"Russia's gold, currency reserves reach new record level
MOSCOW. May 29 (Interfax) - Russia's gold and currency reserves amounted to $63.1 billion on May 23, the Central Bank's public relations department said. The reserves amounted to $59.9 billion on May 16. Consequently, they gained by $3.2 billion over the week, to reach a new record level. "
