Major Russian Bank Bought 500t of Bullion in 2013

January 24th, 2014 by

russia-gold

Nomos Bank, one of Russia’s largest banks, announced today that it had purchased 99.6 tonnes of gold bullion, and 399.5 tonnes of silver bullion in 2013. That is 37.8% more gold and 24.2% more silver than it bought in 2012. The bank says that most of these purchases came from domestic sources.

Nomos is using the bullion to offer online precious metals purchases to its customers.

by Steven Cochran