The Russian economy (catch all)

[Firn]

A bit more on the Russian gold reserves. They should have achieved overall a net gain in markte price over cost. 2011 and 2012 hurt of course.






At market price they have roughly $ 50bn in gold. Keep in mind that they went through almost half of that in cash in only two weeks and just slowed the fall of the ruble.



The three sovereign wealth funds combined had in 2012 roughly a captial of $ 190bn. $ 10bn was ideally allocated into risk-free Russian assets.

Kirill Dmitriev is on a one-man mission to change Russia's image in the eyes of world investors. The 38-year-old graduate of Harvard and Stanford runs Russia's newest sovereign wealth fund—the $10 billion Russian Direct Investment Fund.

....

"Many people have misperceptions about Russia, and they feel the risk is greater than it really is," Dmitriev told CNBC. "So we put the (Russian) government's money alongside other investors' to make sure they are comfortable and understand that Russia can be an attractive investment destination."

I'm pretty sure that the last weeks have been pretty tense in the Bank Rossii and the SWF. It is pretty likely that they moved already most of the US treasuries out of the US.

Maybe they have already started to sell at a steady pace...