Jim’s Mailbox

Posted at 5:35 PM (CST) by & filed under Jim's Mailbox.

Dear Jim,

Have a nice weekend,
Lars Schall

 

Jim,

Since January 20th falls on a Saturday this year, The Central Bank of the Russian Federation updated their website with December’s data yesterday. It showed that they added 600,000 ounces of gold to their official reserves during that month. If my back-of-the-envelope math is right, they added a total of 3.2 million ounces of gold to their reserves during the 2012 calendar year. Here’s Nick Laird’s chart…

CIGA Ed

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