BullionStar News
Writers Torgny Persson, Koos Jansen
& Hong Kang See

Neck and Neck: Russian and Chinese Official Gold Reserves

Monday the 16th of October 2017
Official gold reserve updates from the Russian and Chinese central banks are probably one of the more closely watched metrics in the gold world. After the US, Germany, Italy and France, the sovereign gold holdings of China and Russia are the world's 5th and 6th largest. And with the gold reserves 'official figures' of the US, Germany, Italy and France being essentially static, the only numbers worth watching are those of China and Russia.

The Russian Federation's central bank, the Bank of Russia, releases data on its official gold holdings in the Bank’s monthly “International Reserves and Foreign Currency Liquidity” report which is published towards the end of the third week of each month, and which confirms gold reserve changes as of the previous month-end.

The Chinese State releases data on its official gold holdings via a monthly “Official Reserve Assets” report published by the State Administration of Foreign Reserves (SAFE) that is uploaded within the Forex Reserves pages of the SAFE website. This gold is classified as held by the Chinese central bank, the People's Bank of China (PBoC). The SAFE report is published during the 2nd week of each month, reporting on the previous month-end.

In both reports, official gold reserves (i.e. monetary gold) are specified in both US Dollars and fine troy ounces. Monetary gold is gold that is held by a central bank or other monetary authority as a reserve asset on a central bank's balance sheet.

Delta: 100 Tonnes

For the Bank of Russia, its latest report, published on 19 September 2017 addressing August month-end, shows the Bank holding 56.1 million fine troy ounces of gold (1745 tonnes). For the Chinese State, the latest SAFE release is reporting Chinese official gold reserves of 59.24 million ounces (1842 tonnes).

Officially reported Russian... Continue Reading
By: Ronan Manly
BullionStar's Retail Bullion Shop, Showroom & Vault
Shop Address:
45 New Bridge Road
Singapore 059398

Opening Hours:
Mon - Thu: 11am - 7pm
Fri: 11am - 5pm
Sat: 10am - 2pm
Click here for more info
Featured Products
Chinese Gold Panda 2017 - 30 g Chinese Gold Panda 2017 - 30 g USD 1,33­0.22
The 2017 Chinese Gold Panda is a 30 gram gold bullion coin minted from .999 fine gold. Produced by government owned Shenzhen Guobao Mint, these coins are universally popular. Each year the panda design changes. The reverse of the 2017 coin features a seated panda clasping a bamboo branch. BUY NOW
Canadian Gold Maple 2017 - 1 oz Canadian Gold Maple 2017 - 1 oz USD 1,33­1.29
The 1 ounce 24 karat gold Maple Leaf coin is the flagship gold bullion coin of the Royal Canadian Mint. With a gold purity of 99.99% and a stylised representation of the Maple Leaf on the reverse, this new 1 oz coin for 2017 is a best seller. Security features include precision radial lines on both coin faces. BUY NOW
Canadian Silver Maple 2017 - 1 oz Canadian Silver Maple 2017 - 1 oz USD 1­9.06
The 1 ounce Silver Maple Leaf coin has a silver purity of 99.99% and is the flagship silver bullion coin of the Royal Canadian Mint. The reverse face displays a stylised design of a Maple Leaf. The 2017 Silver Maple Leaf includes a security and design feature in the form of precision radial lines on both coin faces. BUY NOW
BullionStar Mint - Gold Bars with No Spread - 100 g USD 4,27­1.08 BUY NOW
BullionStar Mint - Silver Bars with No Spread - 1 kg USD 63­5.95 BUY NOW
Heraeus Silver Bar - 10 oz USD 18­1.98 BUY NOW
Royal Canadian Mint Silver Bar - 100 oz USD 1,79­6.51 BUY NOW
PAMP Gold Bar - 100 g USD 4,20­5.47 BUY NOW
Australian Gold Kangaroo Nugget 2017 - 1 oz USD 1,33­1.51 BUY NOW
 
NEXT
Pick-up, Store or Ship
Delivery

It´s your metals - It's your choice. Pick-up your metals in our shop, store them in our vault or ship them to your delivery address.

Learn More
My Vault Storage®
Storage

"My Vault Storage®" is BullionStar’s solution for storage. Store your bullion fully allocated in one of the most stable and safe jurisdictions in the world – Singapore.

Learn More
How to Order from BullionStar

This guide provides you with information of how you place an order with BullionStar.

Learn More
Insurance & Protection

You can always feel safe whether you have your products shipped or stored with BullionStar. All products are fully insured in all instances.

Learn More
Ask a BullionStar Expert

Let our experts guide you in the world of precious metals.

Learn More
FAQ & Help
FAQ

Answers to your most frequent questions.

Learn More