Russia Bought Seven Tons Of Gold Before Invading Crimea Tangible Investments and GoCoins.com buy and sell rare coins, precious metals, fine art and jewelry.   BBB - Better Business Bureau
 info@gocoins.com Tangible Investments, LLC. | 1910 S Coast Hwy | Laguna Beach, CA 92651 facebook twitter YouTube LinkedIn Google+ Instagram Pinterest Email  
Russia Bought Seven Tons Of Gold Before Invading Crimea
Posted March 26th, 2014

Los Angeles CA, Mar 26 (Tangible Investments) - by James O’Dell - Precious metals prices inched higher on Tuesday, with gold advancing $1.40 or 0.11 percent to close at $1,310.39 an ounce after recovering from a one month low when the European Central Bank's (ECB) Jens Weidmann announced that quantitative easing (QE) is an option that the bank is considering pursuing. Silver gained $0.07 or 0.35 percent to close at $19.96 an ounce.
 
"There's some bargain hunting, but there's still sufficient supply and the premiums are not going up," said Brian Lan, of GoldSilver Central Pte Ltd. Despite recent suggestions that China's demand for gold may be slowing down, figures out of Hong Kong dispute that assumption, showing instead that China imports increased 140 percent over the first two months of 2014.
 
While February is usually a weak month for gold imports as it follows the Chinese New Year holiday, this year, China imported more than 100 tons of the yellow metal and many believe it signals an increase in Chinese demand. There are those as well that believe China is secretly building its gold reserves to bolster the yuan.
 
The Central Bank of Iraq has received the most attention this month after adding a mammoth 36 metric tons to its reserves. “Central banks, most notably from the emerging markets, have been accumulating bullion since 2010 as a means to diversify away from the USD,” said HSBC. “We expect central banks bullion accumulation to total 400t this year.”
 
But China and Iraq may not be the only nations building reserves, Russia increased its bullion reserves by 7.247 tons to 1,041.96 tons in February, just before its incursion into Ukraine. Was it preparing for its invasion of the Crimean peninsula, knowing gold would rise on the turmoil? President Obama met with leaders of Germany, France, Britain, Italy, Japan and Canada on Tuesday, and all agreed that Russian intervention in eastern or southern Ukraine, or violence in Crimea, would trigger additional sanctions.

Preserve your wealth and secure your retirement by making a tangible investment in physical Gold and Silver in 2014. Call Toll Free 1.800.741.5014 and allow the friendly staff at Tangible Investments (learn about us here), owned and operated by world-renowned coin expert Silvano DiGenova, to assist you in your next purchase or sale. We hope you will share our site with your friends on Twitter and Facebook, but whatever you do, don't leave the site before claiming your Free Coin.



Gallery or Rarities

View our Selection of Rare Coins

Why Choose Tangible Investments?
Contact Form
Name*

Email*

Message


CAPTCHA Image   Reload Image
Security Code*
Subscribe to Our Newsletter
Professional Memberships
Professional Memberships BBB - Better Business Bureau ICTA - Industrial Council for Tangible Assets NGC - Numismatic Guaranty Corporation PNG - Professional Numismatic Guild ANA - American Numismatic Association PCGS - Professional Coin Grading Service
Follow Us
facebook
twitter
YouTube
LinkedIn
Google+
Instagram
Pinterest
Email
Contact Us
Call: 888.655.9255
Email: info@gocoins.com

Hours of Operation
Monday - Friday 10 AM to 5 PM
Saturday 10 AM to 4 PM
Sunday Closed

Huntington Beach:
16121 Beach Blvd.
Huntington Beach, CA 92647

Laguna Beach:
1910 S Coast Hwy
Laguna Beach, CA 92651

Click Here for Directions
Click Here for Directions
HOME      ABOUT US      BUY FROM US      SELL TO US      LOANS      CONSIGN/AUCTION      SERVICES      MEDIA      CONTACT US
Copyright © 2019 Tangible Investments, LLC. All Rights Reserved. Privacy Policy | Terms & Conditions 
PCGS CO-FOUNDER - MORE THAN $2 BILLION TRANSACTED - 200 YEARS COMBINED EXPERIENCE
Coins & Currency - Gold - Silver - Platinum - Watches - Jewelry
Tangible Investments, LLC. | 888.655.9255 | info@gocoins.com
Huntington Beach: 16121 Beach Blvd. | Huntington Beach, CA 92647
Laguna Beach: 1910 S Coast Hwy | Laguna Beach, CA 92651