I found this article by Stepan Vorobiev of goldenfront.ru.
He states that Russia has increased their gold holdings, according to CBR. 734 metric tons of gold were counted in August of this year. This reflects an addition of over 96 tons of gold in the first eight months of 2010 alone, a 15.2% increase!
An intersting point that he mentions, one which we agree with and have written about here on Precious Metal News, is that central banks around the world have become net buyers of gold, rather than net sellers, since the first quarter of 2009. This is the first time for this in over twenty years. This as stated by goldenfront.ru
Another fact that I learned from his site, that I feel our readers should know about how Russia’s and other countries gold holdings are calculated.
CBR’s gold reserves should not be confused with the Russian state gold reserves of which they are a part. The Russian state gold reserves also include the metal in the Gokhran of Russia (state precious metal storage facilities) – an adjunct of the Russian Ministry of Finance. In contrast with stats on CBR’s gold reserves information regarding the size of gold holdings in Gokhran is a state secret. Therefore, official global gold reserves statistics published by IMF and WGC do not include gold kept in Gokhran. This accounting peculiarity is used by several other countries.
Head over and read the article, there are some great charts and further detail regarding this subject.