mo4ch:>Bye bye dollar! Buy buy gold! Russia fills vaults with another 600,000 ounces | Mo4ch News

The Central Bank of Russia keeps buying gold, adding some 18.7 tons of the precious metal to the county’s vast stockpile in March alone, according to the latest figures released by the regulator.The boost brought Russia’s estimated gold holdings to more than 2,170 tons (69,700,000 ounces), that amounts to nearly 18 percent of the country's total foreign exchange reserves, the central bank stated.Russia purchased 56 tons of gold from January through March, acquiring 37.3 tons of the precious metal in January and February.The latest step reflects the country’s total commitment to the previously announced plan to diversify its foreign reserves from various geopolitical risks, and to eliminate reliance of the Russian economy on the US dollar. As part of the policy, the central bank has significantly slashed the share of the greenback in its foreign holdings.Also on rt.comFive countries with the world’s biggest gold reservesOver the past five years, the purchases of the precious metal …