from Gold Core:
The Russian Central Bank Governor told CNBC this morning that Russia has bought and will continue to buy gold bullion for “principles of diversification.”
In an interview with Geoff Cutmore of CNBC, Elvira Nabiullina was asked
“Why would you be adding significant amounts of gold at this time when you could be taking euros or dollars or other foreign currencies to makeup reserves?”
Elvira Nabiullina said that the Russian central bank believes in diversification and bases itself
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