September is usually a slow month for gold, but at least Putin is going to stop the shorters and grifters from getting too confident..
https://www.jpost.com/business-and-innovation/precious-metals/article-818775The Russian Finance Ministry announced it will exponentially increase its gold purchases beginning Friday.
According to Russian news agency Interfax, the government will increase its gold purchases from 1.12 billion rubles per day to 8.2 billion rubles per day for the next month.
Russia using oil to get gold
The report states the finance ministry expects a significant oil and gas revenue of 162 billion rubles in September, a huge jump compared to the 10.9 billion rubles generated in August.
With that money, Russia plans to purchase more gold.
NST - anyone else surprised by price performance last 2 days?, page-78
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$14.73 |
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0.210(1.45%) |
Mkt cap ! $16.92B | |||
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