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For first time in nine months, Russia's central bank buys no gold
11:22a ET Friday, July 19, 2013
Dear Friend of GATA and Gold:
Reuters reports today that for the first time in nine months, Russia's central bank bought no gold in June and "the bank declined to comment on the reason":
http://www.reuters.com/article/2013/07/19/russia-cbank-gold-idUSL6N0FP1N...
Could it be that Russia now considers gold a wasting asset?
Or could it be that, as some market analysts have suggested, the market for real metal has been made exceedingly tight by the increase in demand caused by the smashing of the Western gold futures markets, and as a result Russia has chosen not to exacerbate that?
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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