Russia Buy Gold Bullion For “Principles Of Diversification” – Central Bank Governor

 

– Russia “bought gold” for “diversification” – Russian Central Governor Nabiullina
– Russian central bank prefers gold bullion to euros or dollars
–  Russia points out that other countries have a  “bigger share of gold in their reserves”
– “Can’t imagine a situation where bitcoins would be considered a reserve currency”
– On bitcoin – sees “mobility”, “expediency” and “low cost” but may regulate

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

Fears grow over Greece exit after ECB says Europe is ‘equipped’ for fallout

Fears of a Greek exit from the EU have grown after the head of the European Central Bank said the currency bloc has “buffers” in place to avoid a chain reaction meltdown were the country to be forced out.

The statements came from the ECB after a series of meetings with big players from the international financial community.