Russia continues to hoard gold and sell U.S. treasuries
Peter Walden, News Editor
21 Jan 2015, 11:20 a.m.
The rumours that Russia was selling gold to protect the falling rouble were not only exaggerated but entirely false. Rather than selling gold Russia actually increased their gold holdings in the final six months of 2014.
Russia continues to reduce their exposure to U.S treasuries as tensions between the two superpowers over the Ukraine continue. Russia has now reduced its exposure to U.S. debt for 20th months in a row. It would appear that Russia is converting their fiat based paper assets into real assets.