As the United States continues to push towards a military conflict with Russia, there will likely be no real winner when the dust settles. However, if we compare the these two superpowers in the current “gold market”, the Russians are the clear winners.

While the U.S. has been (secretly) liquidating its once massive official gold holdings, the Russians have be doing quite the opposite. According to the data on Smaulgld.com, the Russians have added a hefty 3,000,000 oz of gold to its official reserves since the beginning of the year. If you haven’t checked out Smaulgld’s site, I highly recommend it.

In Smaulgld’s article, Central Bank Of Russia Continues To Boost Overall Reserves, here were the monthly additions to Russia’s official gold holdings:

JAN 2017 = +1,000,000 oz

FEB 2017 = +300,000 oz

MAR 2017 = +800,000 oz

APR 2017 = +200,000 oz

MAY 2017 = +700,000 oz

Three million ounces of gold added to Russia’s official reserves is quite a lot of metal... actually 93.3 metric tons. Now, if we compare Russia & the U.S. in gold mine supply versus additions to official gold holdings, this would be the result:

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