Russland: Gold-Reserven der Nationalbank steigen auf neues Allzeit-Hoch

Stabiler Trend..

Quelle: zerohedge.com

"..Buying gold is just buying a put against the idiocy of the political cycle. It's That Simple.."

Quote:

Why Russia Is On A Gold Buying Spree

Submitted by Tyler Durden on 05/27/2015 15:51 -0400

• China
 
• Kyle Bass
 
• Kyle Bass
 
• Monetary Policy
 
• Reuters

 

Several years ago, Kyle Bass gave the simplest bull case for gold:

"Buying gold is just buying a put against the idiocy of the political cycle. It's That Simple"

And since it is this same political cycle that is doing everything in its power to preserve what little credibility it has, and to avoid its naked idiocy from being revealed for all to see, it has done everything in its power to push the price of gold lower.

However, several entities refuse to be fooled by such "cheap" tricks. One is China, whose ravenous apetite for gold has been extensively discussed previously. The other is the Bank of Russia.

According to central bank data, Russia's gold reserves rose to 40.1 million troy ounces as of May 1 compared with 39.8 million ounces a month earlier. Russia increased its gold holdings for many months in a row last year, as shown by central bank figures and represented in the chart below...

Link: http://www.zerohedge.com/news/2015-05-27/why-russia-gold-buying-spree