Zerohedge: Russia Dumps Most US Paper Ever As China Reduces Treasurys Holdings To January 2013 Levels

In order to better understand this article, I refer you to this post: Grandmaster Putin’s Golden Trap, by Dmitry Kalinichenko 

 — and include here a chart from it:

kalinichenko112314-2

http://www.zerohedge.com/news/2015-02-18/russia-dumps-most-us-paper-ever-china-reduces-treasurys-holdings-january-2013-levels

Back in December, Socgen spread a rumor that Russia has begun selling its gold. Subsequent IMF data showed that not only was this not correct, Russia in fact added to its gold holdings. But there was one thing it was selling: some $22 billion in US Treasurys, a record 20% of its total holdings, bringing its US paper inventory to just $86 billion in December – the lowest since June 2008.

20150218_russ_0

It wasn’t just Russia: the country that has ever more frequently been said to be in the same camp as Russia – and against the US – namely China, also sold another $6 billion in Treasurys in the last month of 2014, which would have made its US treasury holdings equal with those of Japan, if only Tokyo hadn’t also sold over $10 billion in the same month.

China vs Japan Dec holdings_0

And while we know that Russia used at least some of the proceeds to buy gold, the bigger question is: just what is China buying with all these stealthy USD-denominated liquidations, and how much gold does the PBOC really have as of this moment.

This entry was posted in Financial/economic information, Illuminati/Terrorism/Corruption, Political. Bookmark the permalink.

One Response to Zerohedge: Russia Dumps Most US Paper Ever As China Reduces Treasurys Holdings To January 2013 Levels

  1. swo8 says:

    China probably bought more gold too.
    Lesie

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